UK's ITV meets expectations with 11% earnings rise

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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

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source
🞛 This publication contains potentially derogatory content such as foul language or violent themes

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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