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李思捷 難分真與假, 關嘉敏《屈到病》
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TVB reduces losses due to recovery in advertising income
Hong Kong’s largest free-to-air broadcaster, TVB, significantly reduced its net losses by 65% year on year, bringing them down to HK$143 million (approximately US$18.3 million) during the first half of 2024. This positive trend was driven by robust growth in business, primarily due to a rebound in advertising income. TVB’s half-year results revealed a turnaround after six consecutive years of losses. The company’s chairman, Thomas Hui To, expressed optimism about continued growth in both Hong Kong television broadcasting and mainland operations. Notably, TVB aims to expand its presence in the Greater Bay Area, linking cities in Guangdong province, Hong Kong, and Macau into an economic powerhouse. The broadcaster achieved positive EBITDA (earnings before interest, taxes, depreciation, and amortization) for the first half-year period since 2019, demonstrating improved financial performance.
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