Tag: ITV Studios

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.

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.

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).

Revenues at ITV plc were up 18 percent to £834 million ($1.03 billion) in the first quarter, including a 16 percent gain in advertising revenues.

For the first three months of the year, revenues at ITV plc were down 7 percent to £694 million ($860 million), largely due to COVID-19's impact on its studios arm.

ITV is cutting £100 million ($116 million) from its programming budget and suspending the production of Coronation Street and Emmerdale due to the COVID-19 crisis.

Lisa Perrin is exiting her role as CEO of Creative Networks at Endemol Shine Group, which has made new appointments for the division.

ITV Studios has unveiled a new structure focused around three key businesses: creative network, led by Mike Beale; global entertainment, under Maarten Meijs; and global distribution, run by Ruth Berry.