First-Half Revenues Rise at ITV

ITV delivered revenues of £1.5 billion ($2.1 billion) in the first half of this year, a 27 percent increase on the same period in 2020.

“Our H1 results demonstrate that ITV is emerging from the worst effects of the pandemic,” said Carolyn McCall, chief executive. “We’ve continued to implement our key strategic priorities and have further strengthened the business.

“We are now a more flexible, more efficient and more digital business. We have successfully completed the first phase of our More Than TV strategy and look forward to building on this platform to accelerate our transformation to a digitally led media and entertainment company. We are optimistic about the future, despite the ongoing pandemic risk on our advertising and ITV Studios revenues.”

ITV Studios contributed revenues of £798 million ($1.1 billion), a 26 percent increase on last year and 5 percent higher than 2019.

Media and entertainment revenues in total gained 25 percent to £1 billion ($1.4 billion), with ad revenues rising by 29 percent, including a 55 percent gain in VOD advertising.

ITV now has over 3 million global subscriptions, a 15 percent increase, with BritBox UK at around 555,000 customers and BritBox International at 2 million in the U.S., Canada and Australia, an 18 percent gain. Hub+ has 452,000 subscribers.