ITV Half Year External Revenues Soar to $2 Billion
, ITV chief executive, said: “TAR is expected to be broadly flat in the nine months to the end of September. We are mindful of the macro economic uncertainty, however we have for the first time ever in Q4, the football [soccer] World Cup to look forward to.”
The adjusted group earnings before interest, taxes, and amortization was down 3% at £318 million for the six month period. “This reflects strong underlying performance offset in M&E by additional disciplined investment of £58 million in content and £20 million in data and technology ahead of the launch of [streamer] ITVX,” ITV said in a statement.
EBITA was £228 million and statutory profit before tax was £219 million, up from £133 million in the corresponding period in 2021. ITVX is on track to launch in the fourth quarter of the year and, on the back of this, ITV is predicting £750 million of digital revenues by 2026. Digital viewing on ITV Hub, the broadcaster’s current streaming service, was 814 million streams, up 8% year on year.
McCall said: “ITV has recorded a strong performance across the business with both our studios and media and entertainment divisions performing better in the first half than we expected at the beginning of the year. Revenues in both divisions were up year on year and as a result total external revenue rose 8%.”
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Wage theft costing California workers an estimated $2 billion a yearWage theft can include failing to pay overtime, missed breaks, or a boss taking a workers' tips.
Les mer »
Buzz Aldrin's moon-flown Apollo 11 jacket sells for record $2.8M at Sotheby'sSotheby's 'Buzz Aldrin: American Icon' auction is the most valuable space exploration sale ever held.
Les mer »
TON-Based Fanzee Secures $2 Million to Launch Novel Fan Engagement PlatformFanzee platform is going to change narrative in fan token segment and streamline fan engagement for sports clubs
Les mer »
Is a shot at $810 million worth shelling out $2 for a Mega Millions ticket?As lottery officials note, players should think of their $2 bet as a chance to dream while accepting the reality they likely won't be entering a new income tax bracket Tuesday night.
Les mer »
Wawa must pay NJ $2.5M after customers' credit card data was exposedDuring a nine-month period when data was compromised, New Jersey accounted for the largest share of Wawa's payment card transactions.
Les mer »