STV Group plc (GB:STVG) has released an update.
STV Group plc reports a robust 5% increase in Total Advertising Revenue (TAR) in Q1, with projections of a 15-20% rise in Q2, largely driven by Euro 2024. The company’s H1 TAR is expected to grow by approximately 10-12%, supported by strong performance in STV Studios with secured future revenues of £86m. Additionally, STV is on track with its 3-year cost savings plan, aiming to achieve £1.5m in savings this year and a £5m annual run rate by 2026.
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