You will be redirected back to your article in seconds

ITV Delivers 15% Revenue Growth, 18% Profit Rise as International Production Business Expands

LONDON — U.K.-based broadcaster and producer ITV reported Wednesday its annual revenue was up 15% to $2.97 billion ($4.15 billion), and profit before tax grew 18% to £843 million ($1.18 billion) as its international production division, ITV Studios, continued to expand.

The company saw strong cash flows as ITV Studios was strengthened by further acquisitions, including “The Voice” creator Talpa Media, Twofour Group and Mammoth Screen. ITV Studios has become a global production business with revenue up 33% to £1.2 billion ($1.73 billion) and 53% of revenue now coming from outside the U.K.

The company has a strong pipeline of new and returning drama including “Victoria,” “Tutankhamun,” “Houdini and Doyle,” “Cold Feet,” “Poldark,” “Shetland,” “Aquarius,” “Endeavour” and “Vera,” as well as entertainment formats “The Voice,” “Dance Dance Dance,” “I’m a Celebrity… Get Me Out of Here!,” “The Chase,” “Hell’s Kitchen” and “Saturday Night Takeaway.”

Revenue from its broadcasting and online division grew 6% to £2.15 billion ($3 billion), although its share of viewing was down 3%. Its pay TV, online and interactive business grew 23% to £188 million ($263 million).

More TV

  • Pete Davidson Sits Out Final 'Saturday

    Pete Davidson Sits Out Final 'Saturday Night Live' Sketches of 2018

    Just hours after “Saturday Night Live” cast member Pete Davidson posted a message on social media that said he “really [didn’t] want to be on this Earth anymore,” he was absent from the final 2018 live sketches of the late-night sketch comedy show. But although Davidson did not take part in the sketches or appear [...]

  • Pete Davidson photographed by Peggy Sirota

    Pete Davidson Posts Unsettling Message, Deletes Instagram

    UPDATED: “Saturday Night Live” cast member Pete Davidson posted a disturbing message Saturday morning stating he doesn’t “want to be on this earth anymore,” then deleted his Instagram account. In the post, Davidson wrote, “I’m doing my best to stay here for you but i actually don’t know how much longer i can last. all [...]

  • Disney Channel Fires 'Andi Mack' Actor

    Disney Channel Fires 'Andi Mack' Actor Arrested for Plotting Sex With Minor

    Disney Channel has severed ties with “Andi Mack” actor Stoney Westmoreland following his arrest for allegedly trying to arrange a sexual encounter with a 13-year-old. “Stoney Westmoreland, an actor working on the series ‘Andi Mack,’ was arrested in Salt Lake City today,” a Disney Channel spokesperson said in a statement Friday. “Given the nature of [...]

  • Russian Doll

    TV News Roundup: Natasha Lyonne's 'Russian Doll' Sets Netflix Premiere Date

    On Friday’s roundup, Netflix announces the premiere date for “Russian Doll” and Benedict Cumberbatch’s “Brexit” film has a premiere date on HBO FIRST LOOKS Showtime has released a new teaser for the upcoming comedy series, “Black Monday,” which will premiere Sunday, Jan. 20 at 10 p.m. ET/PT. The series stars and is executive produced by Don [...]

More From Our Brands

Access exclusive content