ITV PLC
ITV
ISIN GB0033986497 / Valor 1743249
ITV PLC
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About company
ITV PLC is a diversified media company operating in 13 countries, with a global distribution network. ITV Studios is a major player in the creation, ownership, and distribution of high-quality TV content, while Media & Entertainment is the largest commercial broadcaster and streamer in the UK, reaching a wide audience through free advertiser-funded streaming services and free-to-air linear TV channels. The company is vertically integrated, with a strong presence in key creative markets worldwide, offering a variety of content across different genres and geographies.
Summarized from source with an LLMView SourceSector: TelecommunicationsLatest Results (14.08.2024):
Revenue Decline
In the first half of 2024, ITV PLC reported a total revenue decline of 3%, amounting to £1,903 million compared to £1,964 million in the same period of 2023. This decrease was primarily due to a decline in ITV Studios revenue, despite growth in total advertising revenue (TAR).
Profit Increase
ITV PLC's statutory operating profit saw a significant increase of 106% in H1 2024, reaching £136 million compared to £66 million in H1 2023. This improvement reflects the company's efforts in operational efficiency and cost savings.
Adjusted EBITA Growth
The group’s adjusted EBITA rose by 40% to £213 million in H1 2024, up from £152 million in H1 2023. This growth was driven by the operational gearing of Media & Entertainment, higher margins in ITV Studios, and the delivery of £23 million in cost savings.
Dividend and Buybacks
ITV PLC declared an interim dividend of 1.7p per share for H1 2024, consistent with the previous year. Additionally, the company completed £53 million of buybacks by 30 June 2024, as part of a £235 million programme to return the net proceeds from the sale of BritBox International.
Net Debt Reduction
ITV PLC reported a reduction in net debt to £515 million as of 30 June 2024, down from £724 million at the same point in 2023. The net debt to adjusted EBITDA leverage ratio also improved to 0.9x, reflecting a stronger balance sheet.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
3432 M
Market cap (USD)
4,203,828
Daily traded volume (Shares)
0.727 / 0.7145
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
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P/E ratio
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EPS (USD)
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Ratings & reviews
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