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Tom Fussell
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BBC Studios Profits Hit Record $310M As Aggressive Commercial Push Continues
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deadline.com
deadline.comBBC Studios has posted another record financial year, the BBC annual report reveals, as the Corporation’s production and sales wing continues its aggressive commercial push.
Profits for the 2022/23 financial year were £240M ($310M), a 6% increase, while revenues neared £2.1B ($2.7B), up almost 28%.
Returns to the BBC were also a record, £362M ($467.5M), and content investment stood at £177M ($228.9M). This marks a second year of record growth, as BBC Studios aims to double the size of its business between 2021/22 and 2028.
The division had already doubled in size in the five years to March 2022 and last year set record totals for EBITDA and sales.
Read more on deadline.com
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