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BBC Studios Posts $2.7 Billion Turnover and Boosted Profits, Major Dip in Channels and Streaming Business

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BBC Studios, the commercial arm of the BBC, has passed £2 billion ($2.7 billion) in sales and nudged up profits to £240 million, but an advertising downturn is hitting its channels and streaming bu…

, the commercial arm of the BBC, has passed £2 billion in sales and nudged up profits to £240 million, but an advertising downturn is hitting its channels and streaming business.an ongoing presenter scandal

The annual report reflected a record turnover of £2.09 billion for BBC Studios, which is up by 28% over 2022. This has been driven by the company’s production and distribution arm, known as the Content Studio, as well as big long-term partnership deals for brands like “Bluey” and “Dancing With the Stars.”

Elsewhere, the Channels & Streaming division reported turnover of £535 million, down from £536 million last year. Profits dipped sharply to £102 million, down 24% from £120 million. The company blamed the significant dip on inflation, a volatile advertising market and pressure on pay TV subscriptions.

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