ITV PLC (LSE:ITV) shares climbed 10% after the broadcaster issued confident full-year guidance, prompting analysts to raise their forecasts despite a 31% drop in underlying first-half profits. Group revenue fell 3% to £1.85 billion as total advertising revenue slipped 7%, but this decline was less severe than expected thanks to a 12% rise in digital advertising.
ITV PLC (LSE:ITV) saw underlying profits fall 31% in the first half of the year as advertising revenue fell less than expected. Group revenue fell 3% to £1.85 billion as total advertising revenue (TAR) fell 7%, better than the 8% decline that management had previously guided as digital advertising revenue grew 12%.
ITV PLC (LSE:ITV) shares rose after the broadcaster announced a new partnership with Disney that will see the pair swap content. Disney+ viewers will soon be able to watch a selection of ITV favourites under a dedicated section titled “A Taste of ITVX”.
ITV PLC (LSE:ITV), Comcast Corporation (NASDAQ:CMCSA, ETR:CTP2)-owned Sky TV and Channel 4 are joining forces to take on tech giants Meta and Google by launching a shared advertising platform for their streaming services. The initiative aims to make it easier for small and medium-sized businesses (SMEs) to buy TV ad space using a “self-serve” model, similar to those used by Facebook and YouTube, enabling campaigns to be booked quickly without an agency.
ITV PLC (LSE:ITV) reported a 4% rise in revenue for the first quarter as growth from its production studio offset a decline in total advertising revenue, though this is expected to worsen substantially in the second quarter. Total external revenue for the broadcaster and television producer came in at £756 million for the first three months of 2025, up from £727 million a year earlier, as ITV Studios revenue rose 1% at £386 million but Media & Entertainment revenue declined 3% to £489 million as total ad revenue fell 2%, as previously guided.
French entertainment company Banijay is in early-stage talks for a takeover offer for British broadcaster ITV that would merge their respective production businesses, the Financial Times reported on Sunday, citing people familiar with the matter.
ITV PLC (LSE:ITV) shares have been downgraded by UBS to 'sell' as it expects guidance for advertising revenue this year to be slashed. The Swiss bank said there were three reasons for its downgrade from its previous 'neutral' rating, the first being that it expects the broadcaster and TV studio to report a 2% fall in ad revenue for the first quarter and guide for a second-quarter decline of 11%.
ITV, the leading commercial broadcaster in the UK, saw a 3% revenue decline in 2024 but expects growth across all revenue sources in 2025. ITV's low valuation, strong cash flow, and attractive dividend make it a compelling investment, with potential takeover bids adding further upside. The company has low debt, ongoing share buybacks, and cost-cutting measures, positioning it for accelerated EPS growth and capital appreciation.
ITV PLC (LSE:ITV) reported strong profit growth despite lower revenues last year as it continued an efficiency programme. Group revenue shrank 3% to £4.1 billion in 2024, with total advertising revenue up 2% but offset by a 6% decline at the ITV Studios production arm due to the Hollywood strikes and a softer demand from free-to-air broadcasters.
ITV PLC's full-year results next Thursday, 6 March come after the broadcaster has emerged in the sights of a string of firms over a potential takeover. According to Sky News, CVC Capital Partners, RedBird Capital-owned All3Media, Mediawan and a major French broadcaster, thought to be Groupe TF1, had been among firms weighing up potential bids as of November.
British broadcaster ITV has been holding early stage talks with Abu Dhabi-backed group RedBird IMI about a possible merger of their respective production businesses, two people with knowledge of the situation said.
ITV PLC (LSE:ITV) is once again said to be in the crosshairs of a string of potential buyers. Marking the latest in years' worth of speculation over a takeover for the broadcaster, reports of renewed interest appeared following a drop in ITV shares to multi-year lows.