STV Group PLC (CHIX:STVGl)
£ 1.9375 +0.013 (+0.65%) Market Cap: 88.18 Mil Enterprise Value: 133.28 Mil PE Ratio: 8.53 PB Ratio: 0 GF Score: 62/100
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Full Year 2024 STV Group PLC Earnings Call Transcript

Mar 11, 2025 / 12:30 PM GMT
Release Date Price: £1.75 (-2.23%)

Key Points

Positve
  • STV Group PLC (STU:3YC) reported a 12% increase in total revenue for 2024, reaching £188 million, with all main revenue streams showing growth.
  • The company's diversification strategy has made it more resilient, positioning it well for future market recovery.
  • STV Studios achieved record revenue from a wide range of customers, maintaining its position as a top 10 UK indie.
  • Digital revenue grew by 8% year-on-year, with STV Player seeing a 13% growth in registered users and a 36% increase in subscribers.
  • The company has implemented strong cost control measures, achieving £1.9 million in savings against a target of £1.5 million for 2024.
Negative
  • The advertising market remains challenging, with national linear advertising expected to decline by 5% in the first four months of 2025.
  • The introduction of HFSS legislation in October 2025 could impact advertising revenues, though the full effects are not yet clear.
  • Adjusted operating margin decreased slightly to 11% due to growth in lower-margin studios and the impact of National Vod commission.
  • The Scottish Government's reduced marketing spend led to a 40% decline in related revenues for 2024.
  • Cost inflation, particularly salary inflation and increased employer national insurance contributions, presents a significant challenge to the company's cost base.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

STVG.L - STV Group PLC
Full Year 2024 STV Group PLC Earnings Call
Mar 11, 2025 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good day ladies and gentlemen, and welcome to STV Full yearear Results 2024. At this time, all participants are in listen-only mode. After the presentation, we will conduct a Q&A session.

Please note this call is being live streamed to a webcast for a wider audience and will be recorded.

During the Q&A element of this call, if you wish to ask a question, we ask that you please use the raise hand function at the bottom of your Zoom screen.

If you already have a question, please do this now, ready for when the Q&A begins.

I would now like to hand the call over to Paul Reynolds, STD Chairman, to open the presentation.

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