UK's ITV meets expectations with 11% earnings rise

Show Media and Entertainment Publications

Mon, March 10, 2025

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Sun, March 9, 2025

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[ Fri, Mar 07th ] - People

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[ Fri, Mar 07th ] - AOL

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Thu, March 6, 2025

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[ Thu, Mar 06th ] - Yahoo

Pamela Bach, actor and ex-wife of David Hasselhoff, dies at 62

[ Thu, Mar 06th ] - PennLive

Fans praying for 'The Rock' Dwayne Johnson after he shares heartbreaking news

[ Thu, Mar 06th ] - WolverinesWire

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[ Thu, Mar 06th ] - legit

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[ Thu, Mar 06th ] - Forbes

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[ Thu, Mar 06th ] - News24

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[ Thu, Mar 06th ] - pinkvilla

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[ Thu, Mar 06th ] - Reuters

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UK's ITV meets expectations with 11% earnings rise

_{//media-entertainment.news-articles.net/content/ .. tv-meets-expectations-with-11-earnings-rise.html}
^{Published in Media and Entertainment on Thursday, March 6th 2025 at 3:04 GMT by Reuters}

ITV, Britain's biggest free-to-air broadcaster, met market expectations with a 11% rise in 2024 earnings, reflecting record profit in its Studios production business, an improved margin in Media and Entertainment (M&E) and cost savings.

ITV, a major British broadcaster, reported an 11% rise in adjusted earnings for 2023, aligning with market expectations, as announced on March 6, 2025. Despite a challenging advertising market, ITV managed to increase its earnings before interest, taxes, and amortization (EBITA) to 710 million pounds ($900 million). This growth was supported by a 19% increase in revenue from its streaming service, ITVX, which now boasts 13.6 million registered users. However, total group revenue saw a slight decline of 2% to 4.3 billion pounds, primarily due to a 7% drop in advertising income. ITV also announced a new share buyback program worth 225 million pounds, reflecting confidence in its financial stability and future growth prospects.

Read the Full Reuters Article at:
[ https://www.reuters.com/world/uk/uks-itv-meets-expectations-with-11-earnings-rise-2025-03-06/ ]

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