BBC Commercial, the commercial arm of the U.K. public broadcaster that is mainly driven by BBC Studios, reported improved full fiscal-year earnings, driven by its direct-to-consumer services and “strong” consumer products business, despite unchanged record revenue amid “ongoing market pressures.” Of course, the consumer products growth was supported by the global popularity of animated family hit show Bluey.
BBC Commercial, which supports the BBC by generating income for the broader BBC Group, said that BBC Studios grew its earnings by 17 percent to £263 million ($352 million) on revenue of £2.13 billion ($2.84 billion).
Overall, BBC Commercial reported unchanged fiscal year 2025/2026 revenue, or sales, of £2.20 billion ($2.90 billion). Its profit, as measured in earnings before interest, taxes, depreciation and amortization (EBITDA), also increased by 17 percent to £267 million ($357 million), compared with £228 million in the previous year. Operating costs decreased 3 percent to £2.02 billion ($2.70 billion).
BBC Commercial also returned £377 million ($504 million), down from £391 million in the prior year, to the BBC, including content investment of £154 million ($206 million), down from £200 million, “keeping the business on track to meet its five-year target of £1.5 billion ($2.0 billion) in returns,” the company said.
