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The latest update is out from Television Broadcasts Limited ( (HK:0511) ).
TVB reported solid performance for the last quarter of 2024, maintaining an 81% market share in Hong Kong’s TV viewership and achieving over 10% growth in advertising income on its terrestrial TV channels. The company has also expanded its advertising reach into Guangdong province, which is expected to boost its revenue further in 2025. Additionally, TVB’s OTT streaming service saw an increase in premium subscribers, and digital advertising revenue grew by over 10% year-on-year. In mainland China, TVB commenced the production of several new drama titles, enhancing its content portfolio.
More about Television Broadcasts Limited
Television Broadcasts Limited (TVB) is a company operating in the television broadcasting industry. It offers a range of television-related services, including terrestrial free-to-air TV channels in Hong Kong and OTT streaming services. The company has a significant market share in Hong Kong’s television viewership and also has business operations in mainland China.
YTD Price Performance: 2.64%
Average Trading Volume: 634,671
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$1.45B
For a thorough assessment of 0511 stock, go to TipRanks’ Stock Analysis page.
