REG - STV Group PLC - Trading Update

STVAnnouncement

Today 07:00

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RNS Number : 1052H  STV Group PLC  05 June 2026

 
 
 

0700hrs, Friday 5 June 2026

 

STV Group plc

Trading Update

 

STV Group plc ("STV", the "Group") provides the following trading update ahead
of its 2026 AGM later today:

 

Highlights

·    Q1 Total Advertising Revenue (TAR) better than guided at -4%
(guidance -5%), driven by digital advertising

·    Q2 TAR expected to be up c.10%, benefiting from strong advertiser
demand around FIFA Men's World Cup

·    H1 adjusted operating loss in STV Studios of around £3m, in line
with management expectations, and impacted by continuing subdued commissioning
markets

·    First unscripted commission for an international streamer - The Mob
(Primal Media) for Disney's Hulu

·    Exclusive partnership with Kevin McKidd's Ferryman Films to
strengthen our scripted pipeline

·    Cost reduction plan on track to deliver annualised run rate savings
of £8m by end FY26

·    Ofcom approval secured for changes to both STV's Public Service Media
(PSM) licences securing the future delivery of a financially sustainable news
service

 

Outlook

·    H1 TAR expected to be up c.4% with World Cup effect more than
offsetting softness in underlying advertising market

·    Expectations are for current underlying advertising and commissioning
market dynamics to continue into H2 given uncertain geopolitical backdrop

·    Key commissioning decisions expected in Q3 that may influence
production revenue and margin recognition across FY26 and FY27

·    STV Radio launched as planned in January, advertisers and listeners
responding well, and first RAJAR figures expected in August

 

Rufus Radcliffe, STV Chief Executive, said:

 

"We are making progress with performance in H1 in line with our expectations,
despite continued pressure in the advertising and commissioning markets.

"We are seeing encouraging early signs from the diversification of our
advertising proposition through pause ads, STV Adapt - our AI data-driven
addressable ad platform - and new growth venture, STV Radio. The STV Studios
team continues to deliver in a slow market, with recent commissions including
a new reality format for Disney's Hulu and a returnable drama for RTE.

"Whilst we expect a boost in advertising revenue from the FIFA World Cup, we
remain cautious on the outlook for the second half of the year given the
underlying softness in the advertising and commissioning markets driven by the
continuing uncertain geopolitical situation. Against that backdrop, we
continue to focus on those elements we can control and are taking the right
steps to position the business strongly for the medium term."

 

Ends.

Enquiries:

STV Group plc:

Kirstin Stevenson, Head of Communications, Tel: 07803 970 106

 

Camarco:

Geoffrey Pelham-Lane, Tel: 07733 124 226

Ben Woodford, Tel: 07790 653 341

 

 

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