ITV plc Interim Results Shows That TV is on Track to Deliver Another Year of Growth
TV is on track to deliver another year of growth, ITV plc Interim Results for the half year (ended 30 June 2014) show.
Revenue growth delivered by all parts of the business
- Total external revenues up 7% to £1,225m
- ITV Family NAR up 7% ahead of the market, as expected
- Online, Pay & Interactive up 20% to £67m
- Total ITV Studios revenues up 2% to £402m
Another period of double digit profit growth
- EBITA before exceptional items up 11% at £322m
- Broadcast & Online EBITA up 10% to £250m
We have further invested in content with ITV Studios and on-screen, as well as having a positive outlook for full year and next phase of our strategy
“We have made further good progress with our strategy of growing and strengthening all parts of ITV. In the first six months of the year we again delivered double digit profit growth in every area of the business and increased revenues by 7%. ITV Family NAR was up 7%, ahead of the TV advertising market and Online, Pay & Interactive performed strongly, up 20%. Share of viewing improved during Q2, helped by the FIFA World Cup, and we’re confident of our strong Autumn schedule with both new and returning drama and entertainment. Online, Pay & Interactive is on track to deliver strong growth for the year as a whole, at least in line with the first half. The economic recovery is leading to an improved advertising market, with good growth across all key categories and ITV is well placed to take market share. We expect ITV Family NAR to be up around 6% in the nine months to the end of September and we will significantly outperform the market over the full year.
Adam Crozier, ITV Chief Executive
Read the full Interim Results