STV Group Sees Strong Revenue Growth Amid Euro 2024

STV Group plc (GB:STVG) has released an update.

STV Group plc reports a robust 5% increase in Total Advertising Revenue (TAR) in Q1, with projections of a 15-20% rise in Q2, largely driven by Euro 2024. The company’s H1 TAR is expected to grow by approximately 10-12%, supported by strong performance in STV Studios with secured future revenues of £86m. Additionally, STV is on track with its 3-year cost savings plan, aiming to achieve £1.5m in savings this year and a £5m annual run rate by 2026.

For further insights into GB:STVG stock, check out TipRanks’ Stock Analysis page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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