RE: Spot on....excellent trading update9 Nov 2022 08:51
Total external revenue UP 6% at £2,523 million (2021: £2,381 million)
Total non-advertising revenue UP 13% at £1,619 million (2021: £1,432 million)
Total ITV Studios revenue UP 16% at £1,387 million (2021: £1,193 million), growing ahead of the market
Within this digital advertising revenue remains strong, UP 13% at £227 million to the end of September, compared to the same period in 2021
Monetisable streaming hours on ITV Hub, ITV Hub+ and BritBox UK were UP 10% in the nine months to 30 September 2022.
ITV Studios will exceed 2019 revenues in 2022 with an exciting pipeline of scripted and unscripted programmes as we further diversify the business by genre, by geography and by customer and grow ahead of the market
We remain committed to delivering our ITV Studios adjusted EBITA margin guidance of 13% to 15% from 2023.
See the UPs from the update! Rest of all companies and sectors are down in revenues in the current climate and ITV is doing well and still SP goes down ? bloody ridiculous shorting on ITV. Hope the IIs start loading up seeing the above numbers.
ITV said their Studio business itself is more than current market cap! ITV is easily £1 a share