Core Viewpoint - TVB's stock surged nearly 13% to HKD 3.33 following the release of its earnings forecast, indicating a significant recovery from previous losses [1] Financial Performance - The company expects to report a profit exceeding HKD 50 million for the fiscal year ending in 2025, a notable turnaround from a loss of HKD 491 million in 2024 [1] - TVB anticipates an EBITDA of over HKD 350 million for 2025, an increase from HKD 295 million in 2024 [1] Advertising Revenue - Driven by the success of the series "News Queen 2," TVB's advertising revenue on Hong Kong's free-to-air channels showed double-digit percentage growth year-on-year in Q4 [1] - Digital advertising revenue also experienced strong double-digit percentage growth in Q4, attributed to increased customer purchases of myTV SUPER streaming service and other digital asset advertising packages [1] User Engagement - The average monthly active viewership for all tiers of the myTV SUPER streaming service remained around 1.9 million [1] - Other digital assets, including social media accounts and mobile applications, continued to see strong double-digit percentage growth in tracking and subscription numbers [1]

Core Viewpoint - TVB (Television Broadcasts Limited) anticipates a significant turnaround in financial performance, projecting a profit of over HKD 50 million for the fiscal year ending 2025, compared to a loss of HKD 491 million in 2024 [1] Financial Performance - The company expects to achieve an EBITDA exceeding HKD 350 million in 2025, an increase from HKD 295 million in 2024 [1] - TVB's advertising revenue from free-to-air channels in Hong Kong showed a double-digit percentage growth year-on-year for the entire year, driven by the success of the series "News Queen 2" which premiered in November last year [1] Digital Growth - Digital advertising revenue continued to experience strong double-digit percentage growth in the fourth quarter, attributed to increased customer purchases of myTV SUPER streaming service and other digital asset advertising packages [1] - The average monthly active viewership for all tiers of the myTV SUPER streaming service remained around 1.9 million, with other digital assets (including social media accounts and mobile applications) also showing robust double-digit percentage growth in tracking and subscription numbers [1]

Core Viewpoint - The company expects to achieve over HKD 350 million in EBITDA for the fiscal year 2025, a significant increase from HKD 295 million in fiscal year 2024, and anticipates a profit attributable to shareholders exceeding HKD 50 million, compared to a loss of HKD 491 million in fiscal year 2024 [1] Group 1: Financial Performance - The company projects earnings per share of at least HKD 0.11 for fiscal year 2025, a turnaround from a loss of HKD 1.09 per share in fiscal year 2024 [1] - The company expects a double-digit percentage growth in advertising revenue for the full year 2025 compared to 2024, driven by the anticipated premiere of the highly awaited series "News Queen 2" [1] Group 2: Audience and Digital Media - The company maintains a leading position in Hong Kong's free-to-air television market, with a combined viewership share of 81% for its flagship channel Jade Channel, 24-hour Wireless News Channel, and other channels [1] - Digital advertising revenue continues to show strong double-digit percentage growth due to increased customer purchases of myTV SUPER streaming service and other digital asset advertising packages [2] - The average monthly active viewership for all service tiers of myTV SUPER remains around 1.9 million, with other digital assets (including social media accounts and mobile applications) also experiencing strong double-digit percentage growth in tracking and subscription numbers [2]

Core Viewpoint - The company expects significant financial improvement in the fiscal year 2025, projecting an EBITDA of over HKD 350 million and a turnaround to profit for shareholders, compared to losses in the previous fiscal year [1] Financial Performance - The company anticipates an EBITDA exceeding HKD 350 million for the fiscal year 2025, up from HKD 295 million in fiscal year 2024 [1] - Expected profit for shareholders in fiscal year 2025 is over HKD 50 million, a recovery from a loss of HKD 491 million in fiscal year 2024 [1] - Projected earnings per share for fiscal year 2025 is at least HKD 0.11, compared to a loss of HKD 1.09 per share in fiscal year 2024 [1] Market Position - The company maintains a leading position in Hong Kong's free-to-air television market, with a combined viewership share of 81% across its flagship channels [1] Advertising Revenue - The company expects double-digit percentage growth in advertising revenue for the full year 2025, driven by the anticipated premiere of the highly awaited series "News Queen 2" in November 2025 [1] - Advertising revenue from free-to-air channels continues to show year-on-year growth [1] Digital Media Business - The digital media segment is experiencing strong double-digit percentage growth in digital advertising revenue, attributed to increased customer purchases of myTV SUPER streaming service and other digital advertising packages [2] - The average monthly active viewership for myTV SUPER streaming service remains around 1.9 million, with other digital assets also showing strong double-digit percentage growth in tracking and subscription numbers [2]

Group 1 - The company maintains a leading position in Hong Kong's free-to-air television market, with a combined viewership share of 80% across its flagship channels, including Jade Channel and 24-hour Wireless News Channel [1] - Advertising revenue from free-to-air channels continues to show year-on-year growth, with expectations for stronger performance in Q4 2025 due to the anticipated launch of the highly awaited series "Queen of News 2" in November 2025 [1] - The digital media segment, particularly the myTV SUPER streaming service, maintains an average of approximately 2 million monthly active users, with overall digital advertising revenue showing strong double-digit growth compared to the same period in 2024 [1] Group 2 - The company achieved a milestone in integrating artificial intelligence (AI) into its content creation process, with the broadcast of a short drama entirely created using AI titled "In My Heart, You Are Unique" [2] - The company has begun filming "Rose War" and completed filming for the anticipated "Queen of News 2," which is set to premiere on Youku in November 2025 [2] - The company reaffirms its expectations for year-on-year growth in EBITDA and achieving positive net profit attributable to shareholders for the fiscal year ending December 31, 2025 [2]

Core Insights - The company maintains a leading position in Hong Kong's free-to-air television market, with a combined viewership share of 80% across its flagship channels [1] - The advertising revenue from free-to-air channels continues to show year-on-year growth, with expectations for stronger performance in Q4 2025 due to the anticipated launch of the series "News Queen 2" [1] - The digital media segment, particularly the myTV SUPER streaming service, has approximately 2 million average monthly active users, contributing to strong double-digit growth in digital advertising revenue [1] Group 1 - The company achieved a milestone in integrating artificial intelligence (AI) into its content creation process, with the airing of a short drama entirely created by AI [2] - The AI-generated short drama "In My Heart, You Are Unique" was broadcast on TVB Plus, myTV SUPER, and Tencent Video, showcasing the company's commitment to innovative content [2] - The company plans to release more AI-generated series in the coming months, indicating a strategic shift towards leveraging AI in content production [2] Group 2 - The company has completed filming the highly anticipated "News Queen 2," which is set to premiere in November 2025 on Youku [2] - Co-produced dramas "After the Tower" and "Golden Forest" have premiered on Youku and Tencent Video, respectively, expanding the company's content offerings [3] - The company reaffirms its expectations for continued year-on-year growth in EBITDA and positive net profit for the fiscal year ending December 31, 2025 [3]

（於香港註冊成立之有限公司） 股份代號：00511 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 截至二零二五年九月三十日止三個月期間之 業務最新情況及未經審核營運資料 電視廣播有限公司（「本公司」或「無綫電視」，連同其附屬公司，統稱「本集 團」）董事局（「董事局」）欣然提供截至二零二五年九月三十日止三個月期間 （「本季度」）本集團部分業務的業務最新情況及未經審核營運資料如下。 1. 電視廣播及數字媒體業務 於本季度內，我們於香港地面免費電視頻道的收視率繼續保持領先地位，我們的旗 艦頻道翡翠台、24 小時無綫新聞台及其他頻道的收視率合計達到 80%的市場份額： 截至下列日期止三個月期間平日黃金時段 （晚上七時至十一時）： | | 二零二五年 | 二零二五年 | 二零二四年 | | --- | --- | --- | --- | | | 九月三十日 | 六月三十日 | 九月三十日 | | 無綫電視的免費電視頻道 | | | | | 1 平均電視收視點 ...

Core Viewpoint - TVB demonstrates a strong recovery in its 2024 financial performance, with a notable increase in core television-related business revenue and a significant reduction in operational losses, indicating effective cost management and strategic focus on core operations [1][3]. Financial Performance - Total revenue for TVB in 2024 was HKD 32.58 billion, a decrease of 2% year-on-year, while core television-related business revenue increased by 10% to HKD 31.31 billion, driven by a 17% growth in both Hong Kong and mainland China segments [1][3]. - Shareholder losses narrowed by 35.6% to HKD 4.91 billion, with a positive EBITDA of HKD 2.95 billion, reversing the previous year's EBITDA loss of HKD 1.4 billion [1]. Revenue Drivers - The Hong Kong advertising market revenue grew by 17%, with traditional television advertising revenue increasing by 14%, expanding TVB's market share from 75% to 83% [3]. - Digital media revenue saw a 30% increase, with myTV SUPER streaming service contributing significantly, and average monthly active users for digital media platforms rose by 81% to 23 million [3]. - The mainland co-production drama business became a core driver, with revenue surging by 69% due to partnerships with platforms like Youku and Tencent Video [3]. Cost Management - TVB successfully reduced total operational costs by 15% to HKD 32.79 billion through content production streamlining and indirect cost reductions [5]. - The merger of J2 and the wireless finance and sports information channel into the new TVB Plus channel contributed to lower content costs [5]. Talent Management - TVB's approach to talent management is evolving, encouraging artists to explore external opportunities while continuing to support those suitable for the TVB platform [6]. - The company plans to produce seven co-productions in 2025, focusing on quality over quantity to create hit dramas [6]. AI Integration - AI has been integrated into TVB's operations, enhancing content creation and production processes, with plans for more AI-driven programs in the upcoming year [8]. - The current use of AI is primarily supportive, aimed at streamlining production workflows, with ongoing internal testing showing positive results [8].