The BBC-owned company behind international hits including Bluey, streaming service Britbox, and the UKTV channels has recorded its fourth consecutive year of profit in excess of £200 million.BBC Commercial reported revenues of £2.2 billion, up from £1.9 billion in 2023/24, delivering profit/EBITDA of £228 million, up from £199 million. The results were announced Tuesday as part of the BBC’s Annual Report and Accounts.Tom Fussell, CEO of BBC Commercial said: “BBC Commercial has delivered a strong set of results, which show that our strategy is working and the investments made in previous years, together with a diversified portfolio, are delivering a trajectory of sustainable growth, despite ongoing global macroeconomic and geopolitical uncertainty.”Over the last few years, the company has made a series of strategic investments in its routes to market, including taking full ownership of global streamer BritBox International and enhancements to digital services for UKTV.The media and streaming division delivered a 43% growth in revenues. BritBox International’s revenues were up 20% year-on-year, with popular UK titles such as Ludwig and Blue Lights drawing in North American audiences.BBC Studios’ multi-channel network, UKTV, also recorded a strong performance. Its direct-to-consumer service U grew views by a third in 2024, whilst UKTV saw total viewer hours to its VOD content across its free and pay platforms grow by 56 million hours year-on-year. Drama content performed particularly well with The Marlow Murder Club becoming the network’s highest rating show of 2024, watched by 2.6 million viewers.The performance of BBC Studios’ brands and licensing business was led by global hit Bluey, as the children’s title was named the most-streamed programme in the United States in 2024, the Bluey’s World immersive experience opened in Brisbane, Australia, and a much-anticipated feature film was announced in partnership with Disney+, set to arrive in cinemas in 2027.
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