TVB FY26 H1 loss attributable to equity holders narrows 31% to HK$74 million; revenue falls 16% to HK$1.26 billion

• TVB posted HK$1.26 billion revenue, down 16% year on year, while loss attributable to equity holders narrowed 31% to HK$74 million.
• EBITDA rose 33% to HK$73 million, as total operating costs fell 18% to HK$1.29 billion.
• Gross margin widened 8 percentage points to 45% as gross profit edged up 1% to HK$566 million.
• Chinese Mainland Operations revenue fell 61% to HK$136 million, while Digital Media revenue increased 1% to HK$193 million.
• TVB expects modest growth in terrestrial TV advertising income for the rest of 2026, with double-digit digital advertising growth.

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