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Insider UK

National

Peter A Walker

STV hails record operating profit, although revenue slips

STV STV Studios

STV has reported record profits, as its diversification strategy continues to deliver.

The broadcasting group's full-year to 31 December 2022 revealed adjusted operating profit up 2% year-on-year to £25.8m.

However, group revenue was down by 5% to £137.8m, as a result of total advertising revenue falling 2% to £110m, as well as the timing of certain TV production deliveries.

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