- ITV’s adjusted pretax profit surpassed expectations, reaching GBP472 million compared to the estimated GBP459 million.
- Total revenue was slightly below estimates, at GBP3.49 billion, against the predicted GBP3.54 billion.
- ITV Studios exceeded revenue expectations with GBP2.04 billion, surpassing the forecast of GBP2.02 billion.
- Advertising revenue matched estimates at GBP1.82 billion.
- Media & Entertainment revenue was slightly below the estimate, at GBP2.10 billion compared to GBP2.11 billion.
- Adjusted earnings per share were better than expected, at 9.5p against an estimate of 8.6p.
- Adjusted EBITDA also exceeded expectations, attaining GBP542 million versus the estimated GBP534.8 million.
- The dividend per share was in line with expectations at 5.0p.
- ITV anticipates recouping its investment in ITVX by the end of 2025, which is ahead of schedule.
- In 2025, ITV expects to achieve £30 million in permanent non-content cost savings through new initiatives and benefits from 2024 savings.
- Total content costs for the year are projected to be around £1.250 billion, with year-on-year reductions in sports costs.
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A look at ITV PLC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
ITV PLC, a United Kingdom media giant, faces a promising long-term outlook according to the Smartkarma Smart Scores. With top marks in Dividend and solid ratings in Value, Growth, Resilience, and Momentum, the company showcases strengths across multiple key factors. Despite a more moderate performance in Value and Growth, ITV’s high Dividend score suggests strong returns for shareholders in the future.
As a leading player in broadcasting and production, ITV PLC‘s diversified portfolio of assets, including ITV1 and ITV2, positions it well for continued success in the dynamic media landscape. With its ownership of all regional Channel 3 licenses in England and Wales, ITV maintains a strong foothold in the UK media market. Overall, ITV’s balanced scores across key metrics indicate a stable and lucrative future for the company, making it an attractive investment opportunity for those seeking reliable returns in the media industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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