Half Year 2024 ITV PLC Earnings Call Transcript

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Jul 25, 2024

Jul 25, 2024 / 08:30AM GMT
Carolyn McCall - ITV PLC - Chief Executive Officer, Executive Director

Good morning, everyone. Welcome to ITV's 2024 interim results. I'm here with Chris Kennedy, our CFO and COO, who you all know. I will hand over to Chris shortly to talk you through our financial and operational performance.

But first, let me start with a very quick overview. We have had a really good start to 2024, delivering a strong financial, operational, and creative performance. We've achieved a 40% increase in group adjusted EBITA, and we continue to make significant strategic progress across ITV as we execute our strategy. ITV Studios has performed well against the expected backdrop of deferments due to the strikes and slower FTA commissions as we've previously guided. Despite this, ITV Studios is forecast to deliver record profits over the full year.

Now, as you all know, we've talked about this before, 2023 was the year of peak net investments in ITVX and the results of that are clear, with strong growth, both in digital revenues and also in viewing in the half. We've made really strong progress in improving

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