ITV Delivers Profit Surge Despite Revenue Dip, Bolstered by Streaming and Cost Cuts
The U.K.’s ITV revealed strong profit growth in its full-year results for 2024, despite facing challenges from the U.S. actors and writers strikes and softening demand from traditional broadcasters.
The British media giant reported an 11% increase in group adjusted Ebita to £542 million ($700 million), driven by record profits at ITV Studios and growth in its Media & Entertainment division.
“Three years ago we announced the second phase of our More than TV strategy and today’s results show our significant progress and success in navigating the rapidly changing media industry,” said Carolyn McCall, ITV chief executive, in the earnings release.
Total group revenue dipped 3% to $5.34 billion, with the decline in ITV Studios revenue offsetting growth in advertising. Group external revenue was down 4% at $4.51 billion.
The company’s streaming platform Itvx emerged as a standout performer, with digital viewing up 12% and digital advertising revenue jumping 15% in 2024. McCall noted that Itvx “has been the U.
The British media giant reported an 11% increase in group adjusted Ebita to £542 million ($700 million), driven by record profits at ITV Studios and growth in its Media & Entertainment division.
“Three years ago we announced the second phase of our More than TV strategy and today’s results show our significant progress and success in navigating the rapidly changing media industry,” said Carolyn McCall, ITV chief executive, in the earnings release.
Total group revenue dipped 3% to $5.34 billion, with the decline in ITV Studios revenue offsetting growth in advertising. Group external revenue was down 4% at $4.51 billion.
The company’s streaming platform Itvx emerged as a standout performer, with digital viewing up 12% and digital advertising revenue jumping 15% in 2024. McCall noted that Itvx “has been the U.
- 3/6/2025
- by Naman Ramachandran
- Variety Film + TV
Similar News
Minnie Driver Joins 'Emily in Paris' for Season 5, Character Details Revealed!
- 5/15/2025
- by Just Jared
- Just Jared
‘Bridgerton’ Debuts a Masquerade Ball Video and Confirms Additional Seasons
- 5/15/2025
- by Rebecca Murray
- Showbiz Junkies
Kathryn Newton & Lana Condor Set For Amazon MGM Studios’ Jeff Wadlow Survival Thriller ‘Devil’s Mouth’
- 5/15/2025
- by Anthony D'Alessandro
- Deadline Film + TV
Ikizulive! Lovelive! Bluebird Releases 10 Solo Singles By Each Member
- 5/15/2025
- by Mikikazu Komatsu
- Crunchyroll
Singer Ado Releases Fatal Fury: City of the Wolves Collab Music Video
- 5/15/2025
- by Mikikazu Komatsu
- Crunchyroll
At YouTube Brandcast, Lady Gaga, ‘Hot Ones’ & NFL Help Video Giant Mark 20 Creator-Shaped Years
- 5/15/2025
- by Dade Hayes
- Deadline Film + TV
Here's how to stream every shot of the 2025 PGA Championship
- 5/15/2025
- by David Satin
- The Streamable
First Look: ‘Ironheart’ Teaser Trailer and Poster
- 5/15/2025
- by Rebecca Murray
- Showbiz Junkies
How to Score a Deal on HBO Max and Get the Streaming Service Free
- 5/14/2025
- by Tim Chan
- Rollingstone.com
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.