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Studios, Online Lift ITV Revenues


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Revenues at ITV plc gained 5 percent in Q1, boosted by the performance of its production and distribution division and online revenues.

ITV plc reported first-quarter revenues of £772 million ($1 billion). Broadcast and online revenues totaled £526 million ($710 million), a 3-percent gain. ITV Studios brought in £382 million ($516 million), up 11 percent.

“We have started the year well both on and off screen,” said Carolyn McCall, chief executive. “Total external revenue increased 5 percent, driven by 11 percent growth in ITV Studios revenue and 41 percent growth in online revenue. ITV total advertising, which includes NAR [net advertising revenues], online and sponsorship, was up 3 percent.”

She continued, “While the economic environment remains uncertain, online advertising continues to grow strongly. We expect ITV total advertising to be up 2 percent over the first half, but profits will reflect the timing of the football World Cup. Over the full year we are on track to deliver double-digit growth in online revenue and good organic revenue growth in ITV Studios.”



About Mansha Daswani

Mansha Daswani is the editor and associate publisher of World Screen. She can be reached on mdaswani@worldscreen.com.

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