Tag: Carolyn McCall

While linear advertising revenues were down at ITV plc, the company said its results for the first nine months were fairly stable at £2.97 billion ($3.6 billion) thanks to gains at ITV Studios and in digital.

Group external revenues for ITV plc in the first half of the year slipped by 2 percent to £1.64 billion, with gains at ITV Studios helping to offset a decline in advertising revenues.

Total external revenues at ITV plc fell by 7 percent in Q1 to £776 million ($976.5 million), largely as a result of a weakened ad market.

The U.K.’s Department for Culture, Media and Sport has issued the draft of a new Media Bill, which will see streamers being brought under Ofcom regulation and additional freedoms for broadcasters to help them compete with the global giants.

Total group revenues at ITV rose by 7 percent in 2022 to £4.3 billion ($5.2 billion), driven by gains at ITV Studios.

ITV has reported a 55 percent increase in streaming hours since the launch of ITVX in December.

ITV plc expects revenues at ITV Studios this year to outperform pre-pandemic levels, reporting a 16 percent gain to £1.4 billion for the first nine months of the year.

ITV has set the official launch date for the new, free streaming platform ITVX, which replaces ITV Hub as the online home of all ITV content.

For the first half of 2022, ITV's revenues rose by 9 percent to £2 billion ($2.4 billion), with an adjusted profit before tax of £301 million ($365 million).

ITV reported 2021 revenues of £3.45 billion ($4.6 billion), a 24 percent gain on 2020, and has unveiled a new streaming service, ITVX, that will feature AVOD and SVOD tiers.