ITV plc (GB:ITV) has released an update.
ITV Plc reports a 40% surge in adjusted EBITA for H1 2024, despite a 2% drop in external revenue, crediting the rise to strong catalogue sales, cost savings, and a 10% increase in total advertising revenue. The company’s streaming service ITVX shows robust performance with significant upticks in streaming hours, active users, and digital ad revenues. Anticipating a record EBITA for the full year, ITV remains on target for its 2026 KPI goals, bolstered by operational efficiencies and strategic restructuring.
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