Summary by Moomoo AI
Television Broadcasting Company Limited (“TVB”) issued a notice on 22 April 2024 reporting the latest business performance and unaudited operating data for the three months ended 31 March 2024. TVB's core Hong Kong TV-related business remains market leader, with 79% of the market share of flagship channels Emerald TV, TVB Newsstand and other channels. Advertising revenue achieved double-digit percentage growth, and advertising revenue is expected to grow further. OTT streaming business MyTV Gold has a stable subscriber base, with monthly active users remaining at around 200 million. Digital advertising revenue also grew significantly, with stronger growth expected throughout the year. In the Mainland of China, co-production became the main engine of revenue and profit growth, and signed a new co-production agreement...Show More