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ITV Half-Year Profits Slump Amid “Challenging” Advertising Market

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ITV Studios, however, saw revenue climb by 8 percent.

has posted a drop in its interim earnings, citing a “challenging” advertising market and planned investment in its video on-demand service ITVX.

In its half year financial results, released on Thursday, the broadcaster showed that total external revenues had fallen 2 percent to £1.63 billion . Earnings before interest, taxes, and amortization were £133 million, a plunge from £295 million during the same period last year. Statutory profit before tax hit £45 million, a sharp drop from the £219 million it declared in its 2022 half yearly results.

 

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ITV Half Year External Revenues Decline to $2.1 Billion, Profits Plunge in Tough Advertising MarketU.K. broadcaster ITV’s total external revenues declined 2% to £1.63 billion ($2.11 billion), according to half year financial results released on Thursday. The decline, which is due to a challengin…
Source: Variety - 🏆 108. / 63 Read more »