HK Stock Market Move | TVB (00511) rose by over 11%, expected to turn losses into profits last year and earn over 50 million Hong Kong dollars.
The TV broadcast company (00511) rose by over 11%, as of the time of publication, it increased by 11.19% and closed at HKD 3.28, with a trading volume of HKD 2.2635 million.
TVB (00511) surged more than 11%, with a rise of 11.19% to HK$3.28 as of the time of writing, with a turnover of HK$2.2635 million.
On the news front, TVB announced that it expects to achieve an EBITDA of over HK$350 million for the 2025 fiscal year, compared to HK$295 million for the 2024 fiscal year. It also anticipates a net profit attributable to shareholders of over HK$50 million for the current year, compared to a net loss attributable to shareholders of HK$491 million for the 2024 fiscal year. Additionally, the group's advertising revenue on Hong Kong free-to-air channels has continued to show a year-on-year growth trend in this quarter, driven by the advertising and sponsorship of the highly anticipated drama series "News Queen 2" premiering in November 2025. Therefore, the group's advertising revenue for the full year of 2025 is expected to increase by a double-digit percentage compared to 2024.
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