{"id":4780,"date":"2013-07-30T00:00:00","date_gmt":"2013-07-30T00:00:00","guid":{"rendered":"http:\/\/worldscreen.com\/tveurope\/2013\/07\/30\/itv-posts-solid-results\/"},"modified":"2013-07-30T00:00:00","modified_gmt":"2013-07-30T00:00:00","slug":"itv-posts-solid-results","status":"publish","type":"post","link":"https:\/\/worldscreen.com\/tveurope\/2013\/07\/30\/itv-posts-solid-results\/","title":{"rendered":"ITV Posts Solid Results"},"content":{"rendered":"

LONDON: For the first half of the year, ITV reported an improvement in its results, thanks to a strong performance from its ITV Studios production arm. <\/span><\/span><\/p>\n

ITV posted a 16-percent increase in adjusted pre-tax profit to £270 million ($414 million) for the half year ended June 30. EBITA increased 11 percent to £291 million ($446 million). <\/span><\/span><\/p>\n

There was a 26-percent gain at ITV Studios to £63 million ($97 million) and 7-percent growth in broadcast and online. External revenue was up 1 percent to £1.14 billion ($1.75 billion). <\/span><\/span><\/p>\n

While ad revenue was up 6 percent in the first quarter, it took a hit in Q2. Overall for the half year, it declined 3 percent. <\/span><\/span><\/p>\n

Revenue at ITV Studios grew 11 percent to £395 million ($606 million). Total non-advertising revenue was up 11 percent to £568 million ($871 million) thanks to ITV Studios, online, pay and interactive businesses. <\/span><\/span><\/p>\n

Looking ahead, ITV expected non-advertising revenue for the nine months to end in September to be relatively flat, following a positive Q3, up 9 percent. It is also expecting double-digit revenue growth in online, pay and interactive and ITV Studios for the full year. <\/span><\/span><\/p>\n

Adam Crozier, ITV’s chief executive, said: "We’re making good progress with our strategy of growing and rebalancing the business as we build new revenue streams and improve margins."<\/span><\/span><\/p>\n

He added: "As we anticipated, the shape of the television advertising market this year is very different to 2012."<\/span><\/span><\/p>\n

 <\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

LONDON: For the first half of the year, ITV reported an improvement in its results, thanks to a strong performance from its ITV Studios production arm. ITV posted a 16-percent increase in adjusted pre-tax profit to £270 million ($414 million) for the half year ended June 30. EBITA increased 11 percent to £291 million ($446 million).  There …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[],"class_list":["post-4780","post","type-post","status-publish","format-standard","","category-top-stories"],"yoast_head":"\nITV Posts Solid Results<\/title>\n<meta name=\"description\" content=\"ITV Posts Solid Results . LONDON, July 30: For the first half of the year, ITV reported an improvement in its results, thanks to a strong performance from its ITV Studios production arm. . 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