British broadcast group ITV delivered a mixed financial performance for the first six months of 2024, as it continues to navigate a shifting media landscape.
ITV reported a significant 40% increase in adjusted EBITA (Earnings Before Interest, Tax and Amortization) to £213 million ($275 million) for the period ending June 30, 2024. This substantial growth came despite a 2% decline in group external revenue, which fell to £1.6 billion ($2.06 billion).
The company’s production arm, ITV Studios, experienced a 13% decrease in revenue to £869 million. This decline was largely attributed to the lingering effects of the 2023 U.S. writers’ and actors’ strikes, which caused delays in production
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