Tag Archives: Carolyn McCall

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.

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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.

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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.

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

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

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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.

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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.

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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).

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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.

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Ad revenues at ITV are projected to hit a record level in 2021, following a 30 percent gain in the first nine months of the year.

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