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The media giant posted a 5% revenue increase, reaching €7.5 billion, while net profit rose 8% to €1.2 billion. Streaming subscriptions grew by 20%, and digital advertising revenue surged by 12%. The group's production arm, Fremantle, also saw solid performance, reporting a 10% increase in revenues.

This initial step into the UK market gives a significant boost to the Spanish studio's plan to generate 30% of its annual revenues in languages other than Spanish.

FAST grew significantly YoY, with a 65% uptick in ad impressions and a 95% increase in Hours of Viewing (HOV). These numbers further emphasize the growing inclination of viewers and content owners toward ad-supported models.

The President and CTO of Aurbit explain the platform's advantages for the content industry and how it can generate new financing revenues at the development stage.

According to Omdia, nearly half of these revenues will stem from streaming video, which is forecast to reach $24 billion in 2025. The FAST expansion will contribute to this growth.