ITV's studios revenue increased by three percent to £893 million, notably aided by an 11 percent surge in external sales to streaming platforms. Overall revenue fell three percent to £1.85 billion, and group adjusted EBITA dropped by 31 percent to £146 million. However, ITV's digital advertising revenue grew by 12 percent, helping the underlying performance exceed market predictions. CEO Carolyn McCall noted ITV's strategy aligns with future growth targets. The company anticipates that its full-year margins will meet the 13 to 15 percent target range, aided by cost-saving measures.
ITV has reported a three percent increase in studios revenue to £893m, driven by an 11 percent rise in external sales to streaming platforms like Netflix and Amazon Prime.
Despite a 31 percent decline in group adjusted EBITA to £146m and a three percent fall in total revenue to £1.85bn, ITV's underlying performance surpassed market forecasts.
CEO Carolyn McCall emphasized ITV's transformation into a 'leaner, more digital business,' with strong focus on driving profitable growth and achieving 2026 growth targets.
The company expects its full-year margins to land within its target range of 13 to 15 percent, bolstered by additional non-content cost savings for better margin assurance.
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