It has been a tough year for Criminal Record and Blue Lights maker STV, which saw profits slashed and made layoffs across the board.
STV, which runs linear channels, a streamer and a production arm, STV Studios, saw operating profits tumble by 70% for the full year to December 31, as it posted an overall loss of £4M ($5.3M) against profit of £13.1M in 2024.
Adjusted operating profit was down 44% to £11.6M, adjusted operating margin nearly halved to 6.6% and overall revenue was down 6% to £176.9M. Net debt, meanwhile, rose by 17% to £45.3M.
Having issued a negative trading update last summer over STV Studios, STV today said results were in line with expectations and it is continuing to deliver a savings programme totaling £8M by the end of this year.
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