TV profits fell by a third in the first half of 2025 to hit £146m, according to the broadcaster’s financial results released today.
The 31% decline year-on-year from 2024’s figure of £213m was the headline of a tricky financial performance in which total group revenue fell by 3% to £1.8bn from £1.9bn last year. The company also revealed plans to make £15m in permanent non-content cost savings across the rest of the year, bringing it its total savings to £45m – above its guidance of £30m.
It is not clear whether the latest round of £15m cuts will include job losses, but the company said the savings would come from “operational and technology efficiencies, organisational redesign savings and permanent reductions in discretionary spend”.
