Television Broadcasts Limited (TVB; 00511) expects to achieve EBITDA above HK$350 million for the financial year ended 31 December 2025, improving on the previous year’s HK$295 million. Profit attributable to equity holders is anticipated to exceed HK$50 million, reversing the HK$491 million loss recorded in 2024. Earnings per share are projected at a minimum of HK$0.11, compared to a loss per share of HK$1.09 in the prior year.

During the three-month period ended 31 December 2025, the company’s free-to-air TV channels continued to capture 81% of Hong Kong’s viewership in prime time. Advertising income from terrestrial channels showed year-on-year growth, partly driven by the November 2025 premiere of the drama series “The Queen of News 2.” Digital advertising revenue also maintained strong double-digit growth, with client spending increasing across streaming and other digital platforms.

In mainland China-related operations, “The Queen of News 2” premiered on Youku to positive reception, and filming began on the new co-production drama “Undertable” with Youhug Media. The final results for FY2025 are scheduled for release in late March 2026. Investors are advised to exercise vigilance when dealing in the company’s shares.