ITV, Britain’s biggest commercial broadcaster, saw revenues rise 5% year-on-year during its first quarter under the stewardship of new chief executive Carolyn McCall, the company reported Thursday. The company saw total external revenues for Q1 2018 hit £772 million ($1.04 billion), up from £734 million ($993.6 million) in the same period last year.
“We have started the year well both on and off screen, driven by 11% growth in ITV Studios revenue and 41% growth in online revenue,” said McCall (pictured), who took over as CEO of ITV in January, succeeding Adam Crozier.
“While the economic environment remains uncertain, online advertising continues to grow strongly,” McCall said. “We expect ITV total advertising to be up 2% over the first half, but profits will reflect the timing of the World Cup [soccer tournament]. Over the full year we are on track to deliver double-digit growth in online revenue and good organic revenue growth in ITV Studios.” Total advertising was up 3% in...
“We have started the year well both on and off screen, driven by 11% growth in ITV Studios revenue and 41% growth in online revenue,” said McCall (pictured), who took over as CEO of ITV in January, succeeding Adam Crozier.
“While the economic environment remains uncertain, online advertising continues to grow strongly,” McCall said. “We expect ITV total advertising to be up 2% over the first half, but profits will reflect the timing of the World Cup [soccer tournament]. Over the full year we are on track to deliver double-digit growth in online revenue and good organic revenue growth in ITV Studios.” Total advertising was up 3% in...
- 5/10/2018
- by Robert Mitchell
- Variety Film + TV
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