HK Stock Market Move | TVB (00511) fell over 7%, reporting a loss of HKD 73.61 million in the first half of the year, with revenue down 16% year-on-year.

TVB (00511) has dropped over 7%, currently down 7.13% at HKD 2.28, with a trading volume of HKD 6.3223 million. In terms of news, TVB reported its interim results for 2026. In the first half of this year, TVB achieved revenue of HKD 1.258 billion, a year-on-year decline of 16%. The gross profit was HKD 566 million, an increase of 1% year-on-year. The net loss attributable to shareholders was HKD 73.612 million, a year-on-year decrease of 31.92%. The loss per share was HKD 0.16. The announcement stated that the revenue decline was primarily due to a drop in income from the mainland China business; at the same time, as the company continues to scale back loss-making activities such as e-commerce, the revenue from television broadcasting has also been somewhat affected. Looking ahead, propelled by the ongoing growth in advertising revenue in the Greater Bay Area, the company expects that terrestrial television advertising revenue will maintain moderate growth for the remainder of 2026. Additionally, the company anticipates that digital advertising revenue will continue to maintain a double-digit growth rate for the rest of the year. Regarding the mainland China business, driven by more co-production projects, an improvement in business performance is expected in the second half of 2026.