STVG revenue drops 27% as Studios falls; ad revenue rises 5%
STVG reported revenue down 27% year-over-year, driven by a sharp decline in Studios. Advertising revenue rose 5%, cost savings improved margins, and a £25.4m Studios impairment contributed to a statutory loss. No interim dividend.
Revenue fell 27% year over year, hit by a sharp decline in Studios, while advertising revenue rose 5% and cost savings supported margins. 4m impairment in Studios pushed the group to a statutory loss, while net debt and leverage stayed within covenants. No interim dividend was declared.