London · Delayed Price · Currency is GBP · Price in GBX STV Group Earnings Call Transcripts
Fiscal Year 2025
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Full year 2025 results met guidance despite a tough market, with revenue down 6% and adjusted operating profit down 44% year-over-year. Cost savings are on track, digital and radio initiatives are expanding, and the outlook for 2026 is optimistic due to the World Cup and new digital revenue streams.
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Revenue held steady at £90m in H1 2025, with digital and regional growth offsetting national ad declines. Cost-saving measures, pension flexibility, and a new Chair position the group for resilience amid market headwinds. Studios and digital remain key growth drivers.
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A refreshed strategy targets 2030 with ambitious growth in digital, audio, and content production, including a new radio station and hyper-targeted ad platform. Financial goals include doubling Studios revenue, strong cash generation, and fully funded pensions, all underpinned by a resilient, efficient business model.
Fiscal Year 2024
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Revenue grew 12% to GBP 188 million in 2024, with strong digital and studios performance and cost savings exceeding targets. Studios expanded to 21 labels, digital revenue rose 8%, and the outlook anticipates short-term advertising softness but strong positioning for recovery.
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Strong H1 2024 results with 20% revenue and 33% adjusted operating profit growth, driven by robust performance across Studios, streaming, and broadcast. Studios’ forward order book hit a record £101 million, and cost-saving targets are on track despite ongoing macroeconomic uncertainty.