ITV PLC

ITV

Equity

ISIN GB0033986497 / Valor 1743249

LSE London Stock Exchange, SETS (2025-03-14)

GBP 0.77+0.85%

ITV PLC
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

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: Telecommunications

Total Revenue

For the half-year period ending 30 June 2024, ITV PLC reported a total revenue of £1,903 million. This represents a 3% decrease compared to the same period in 2023, where the total revenue was £1,964 million. The decline was primarily due to a decrease in ITV Studios revenue, although this was partially offset by growth in total advertising revenue.

Adjusted EBITA

ITV PLC's group adjusted EBITA for the first half of 2024 increased by 40% to £213 million, compared to £152 million in the same period of 2023. This significant improvement was driven by operational efficiencies in Media & Entertainment, higher margins in ITV Studios, and cost savings amounting to £23 million.

ITV Studios Performance

ITV Studios experienced a 13% decline in revenue, totaling £869 million for the first half of 2024, down from £1,000 million in 2023. This was attributed to the phasing of productions and the impact of the 2023 US writers' and actors' strikes. Despite the revenue drop, adjusted EBITA for ITV Studios grew by 5% due to higher margin catalogue sales and cost savings.

Media & Entertainment Growth

The Media & Entertainment segment of ITV PLC saw a 7% increase in revenue, reaching £1,034 million for the first half of 2024. Total advertising revenue grew by 10%, surpassing expectations. Digital advertising revenue, a component of digital revenue, also saw a 17% increase, contributing to the overall growth in this segment.

Dividend and Shareholder Returns

In line with its dividend policy, ITV PLC declared an interim dividend of 1.7p for the first half of 2024, consistent with the previous year. Additionally, the company completed £53 million of share buybacks by 30 June 2024, as part of a £235 million program to return net proceeds from the sale of BritBox International to shareholders.

Summarized from source with an LLMView Source

Key figures

8.23%1Y

-7.84%3Y

-10.9%5Y

Performance

32.6%1Y

38.8%3Y

43.2%5Y

Volatility