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Television Broadcasts
Television Broadcasts (511) investor relations material
Television Broadcasts H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2025 earnings summary8 Sep, 2025
Executive summary
Group revenue for the six months ended 30 June 2025 was HK$1,498 million, down 1% year-over-year, with EBITDA improving 17% to HK$55 million and net loss narrowing by 24% to HK$108 million.
Core TV-related revenue rose 1% year-over-year to HK$1,454 million, led by 4% growth in TV advertising and 9% in Digital Media revenue.
No interim dividend was declared for the period.
TV broadcasting maintained market leadership in Hong Kong, with a 78% audience share and 85% share of TV ad spending.
Digital media saw robust growth, with myTV SUPER reaching 2 million monthly active users and digital ad revenue up 37% year-over-year.
Financial highlights
Revenue: HK$1,498 million (down 1% year-over-year).
EBITDA: HK$55 million (up 17% year-over-year).
Net loss attributable to equity holders: HK$108 million (improved from HK$143 million loss in 2024).
Loss per share: HK$0.23 (2024: HK$0.33).
Total assets: HK$5,539 million; total equity: HK$2,083 million; gearing ratio: 70.4%.
Outlook and guidance
Cautiously optimistic outlook for advertising revenue in both TV and digital segments for the remainder of 2025.
Digital media expected to maintain growth momentum, with digital ad income as a key driver.
Anticipates stronger revenue from Mainland China in H2 2025 as deferred projects are delivered.
Management expects continued EBITDA growth and a return to net profit for the full year 2025.
ITT promissory note recovery strategy
GBA partnerships: Expected impact?
Digital Media content cost adjustments impact?
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Next Television Broadcasts earnings date
H2 202525 Mar, 2026
Television Broadcasts
Next Television Broadcasts earnings date
H2 202525 Mar, 2026
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Frequently asked questions
Television Broadcasts Limited (TVB) is a Hong Kong-based media company primarily engaged in television broadcasting, content production, and media-related services. TVB operates several free-to-air television channels, offering a variety of programming, including news, drama, entertainment, and educational shows. In addition to its broadcasting services, TVB produces original content and distributes it across international markets, serving Chinese-speaking audiences globally. The company is headquartered in Hong Kong, China, and its shares are listed on the HKEX.
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