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ITV Plc Interim Results for H1 2024: A Comprehensive Overview

 

Key Highlights:

  • Group Adjusted EBITA: Up 40% despite a 2% decline in external revenue.

  • ITV Studios Revenue: Fell by 13% due to production phasing and 2023 US strikes; however, adjusted EBITA grew 5% due to higher-margin catalogue sales and cost savings.

  • M&E Adjusted EBITA: Increased by 230%, with total advertising revenue up 10%.

  • ITVX Performance: Streaming hours up 15%, monthly active users up 17%, and digital advertising revenues up 17%.

Half year results for the period ended 30 June 2024

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