{"id":88536,"date":"2025-07-24T11:42:09","date_gmt":"2025-07-24T11:42:09","guid":{"rendered":"https:\/\/www.europesays.com\/us\/88536\/"},"modified":"2025-07-24T11:42:09","modified_gmt":"2025-07-24T11:42:09","slug":"itv-half-yearly-profits-drop-31","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/88536\/","title":{"rendered":"ITV Half Yearly Profits Drop 31%"},"content":{"rendered":"

\n\tU.K. media giant ITV<\/a> posted a 31% drop in group adjusted EBITA (Earnings before interest, taxes, and amortization) for the first half of 2025, coming in at \u00a3146 million ($198 million), down from \u00a3213 million ($289 million) a year earlier. <\/p>\n

\n\tThe fall was driven by tough year-on-year comparisons against a Euros-boosted 2024 and a shifting mix in its Studios business, though executives stressed that the group\u2019s transformation strategy remains on track.<\/p>\n

\n\tTotal external revenue for the half dipped 1% to \u00a31.59 billion ($2.16 billion), with total group revenue down 3% to \u00a31.85 billion ($2.51 billion), according to interim results released Thursday.<\/p>\n

\n\tDespite the drop, ITV CEO Carolyn McCall said the broadcaster is \u201ca leaner, more digital business in a strong position to compete,\u201d citing double-digit growth in digital advertising and strong cash generation. ITVX, its ad-supported streaming platform, recorded a 12% year-on-year increase in digital ad revenues, as streaming hours surged 15% and monthly active users rose to 16.4 million.<\/p>\n

\n\tITV Studios grew external revenue 11% to \u00a3632 million ($857 million), delivering new scripted titles for Prime Video (\u201cThe Devil\u2019s Hour\u201d), Netflix (\u201cRun Away\u201d), and Peacock (\u201cLove Island USA<\/a>\u201d). However, internal revenue dropped due to the absence of last year\u2019s high-profile programming like \u201cSaturday Night Takeaway\u201d and men\u2019s Euros soccer tournament coverage. Studios\u2019 overall EBITA fell 21% to \u00a3107 million ($145 million), with profit and margin weighted toward the second half.<\/p>\n

\n\tIn Media & Entertainment (M&E), total advertising revenue fell 7% to \u00a3824 million ($1.12 billion), though digital gains helped limit the damage. Subscription and partnership revenues also dipped, contributing to an 8% fall in overall M&E revenue to \u00a3955 million ($1.3 billion). M&E EBITA plunged 54% to \u00a335 million ($47.5 million), partially cushioned by lower content spend and \u00a323 million in cost savings.<\/p>\n

\n\tThe company flagged ITV\u2019s expanding digital footprint and upcoming slate \u2014 including \u201cCold Water,\u201d \u201cTrigger Point,\u201d and \u201cBig Brother\u201d \u2014 as key drivers for the second half. ITVX now hosts over 26,000 hours of content, including new partnerships with YouTube and Disney+ aimed at reaching younger and broader audiences.<\/p>\n

\n\tThe broadcaster declared an interim dividend of 1.7p per share, in line with last year, amounting to around \u00a360 million ($81.5 million), and reiterated its commitment to a full-year ordinary dividend of at least 5p.<\/p>\n

\n\tCost-cutting remains central to ITV\u2019s forward strategy. The company announced an additional \u00a315 million ($20.36 million) in non-content savings, bringing the 2025 total to \u00a345 million ($61 million), though achieving this will incur a \u00a340 million ($54.3 million) one-off cost. Exceptional costs for the full year are now expected to hit \u00a3100 million ($135.7 million), more than double earlier guidance, due to transformation-related spending and M&A-linked expenses.<\/p>\n

\n\tNet debt stood at \u00a3586 million ($796 million) at the end of June, up from \u00a3515 million at the same point last year. Profit to cash conversion hit 109% on a 12-month rolling basis, with free cash flow for H1 at \u00a343 million ($58 million).<\/p>\n

\n\tDespite continued uncertainty in the macro environment, ITV said it remains confident in achieving good full-year revenue growth in both Studios and ITVX, with margins improving in the second half. \u201cWe are on track to deliver our 2026 key financial targets,\u201d said McCall, \u201ccoupled with strategic cost management as we reshape our cost base to reflect the dynamics of the industry in which we operate.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"U.K. media giant ITV posted a 31% drop in group adjusted EBITA (Earnings before interest, taxes, and amortization)…\n","protected":false},"author":3,"featured_media":88537,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[171,40006,13020,173,67,132,68],"class_list":{"0":"post-88536","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-tv","8":"tag-entertainment","9":"tag-itv","10":"tag-love-island-usa","11":"tag-tv","12":"tag-united-states","13":"tag-unitedstates","14":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114908033944112044","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/88536","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=88536"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/88536\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/88537"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=88536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=88536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=88536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}