RE: Rising21 Aug 2025 09:37
Not sure what the previous post was,(deliberately unreadable), but one suspects the usual CEO bashing and general derogatory dribble.
Let's remind ourselves of relatively recent reports. ITV is on track to deliver on its growth strategy, as evidenced by its recent set of results that exceeded market expectations despite a negligible decline in profits. The company reported a 31% drop in adjusted EBITA to £146 million and a 3% fall in total revenue to £1.85 billion. However, this downturn was mitigated by a 12% increase in digital advertising revenue and a 3% rise in ITV Studios revenue, driven by successful partnerships with major streaming platforms. CEO Carolyn McCall emphasised that ITV is evolving into a "leaner, more digital business," positioning itself to capitalise on new revenue opportunities while maintaining strong cash generation and shareholder returns. The company has also implemented cost-saving measures, including a £15 million reduction in non-content costs, which will further support its margins. Looking ahead, ITV anticipates continued growth in digital advertising and a robust lineup of programming in the second half of the year, reinforcing confidence in its ability to meet its 2026 growth targets amidst economic challenges. It's an easy buy with obvious potential.