ITV win is 11% as streaming success Compenses Studio Income DIP
The ITV of the UK revealed strong profit growth in its results for the entire year before 2024, despite challenges from the American actors and writers strikes and the soothing demand of traditional broadcasters.
The British media giant reported an increase of 11% in group adapted EBITA (profit before interest, taxes and amortization) up to £ 542 million ($ 700 million), driven by record wins at ITV Studios and growth in his Media & Entertainment Division.
“Three years ago we announced the second phase of our more than TV strategy and today’s results show our considerable progress and success in navigating by the rapidly changing media industry,” said Carolyn McCall, ITV Chief Executive, in the Winstrelease.
The total group income fell by 3% to $ 5.34 billion, with the decrease in the ITV Studios turnover that compensated for the growth of advertisements. The external turnover of the group fell by 4% at $ 4.51 billion.
The company’s streaming platform was created as a striking performer, with digital view of 12% and digital advertisement income that jumps by 15% in 2024. McCall noted that ITVX “has been the fastest growing streaming platform in the last two years” and provides attractive returns for schedule. The growth of the platform helped to stimulate media & entertainment (M&E) by 22% to around $ 322 million.
“During 2024, increment digital income in the year the incremental ITVX costs, two years earlier than expected,” the company stated, adding that the at the end of 2025 it earned the cumulative investment in ITVX in ITVX “much earlier than expected.”
ITV Studios, despite a turnover from 6% to $ 2.63 billion, increased the adapted EBITA by 5% to $ 386 million with an improved margin of 14.7%. The Studio Division provided various high -profile successes, including “MR Bates”, the largest drama in the UK in 2024; ‘I am once fooled’, one of the most viewed shows of all time of Netflix; and “Rivals”, described as “Disney +’s Breakout -hit.”
The company’s efficiency program yielded $ 77.5 million in savings in 2024, $ 12.9 million before the plan, and will continue in 2025 with an extra $ 38.7 million in non-substantive savings.
McCall emphasized the increasing resilience of ITV and noticed that content production and digital income are now almost two -thirds of the company’s income. Legal business profit rose to $ 410 million, an increase of $ 307 million in 2023, while the profit before the tax rose to $ 672 million.
The profit to the broadcaster was 83%, with the net debt reduced to $ 5.57 billion of $ 713 million in 2023.
Looking ahead, ITV predicts “good revenue growth” for ITV studios in 2025, although the margins are expected to be lower than in 2024, while staying within their target range of 13-15%. The company also announced plans for its new Digital Studios label, ZO 55, launched in January 2025, which aims to stimulate high margins growth from the worldwide digital distribution market.
ITV also expects to reach at least $ 967 million in digital income by 2026. The company plans to expand digital distribution through a new partnership with YouTube and explore new income flows that go beyond advertising.
The board proposed a definitive dividend of 3.3 p per share, which brought the dividend to 5.0 p for the entire year, a total of around $ 245 million.
With content production and digital now good for almost two -thirds of income, McCall emphasized that ITV “becomes a more resilient company” that is well positioned to “deliver good profitable growth, strong cash generation and attractive returns to shareholders”.
