ITV Studios “returned to progress following the influence of the U.S. strikes and is heading in the right direction to attain good progress in complete revenues over the complete yr, weighted in direction of the second half,” as beforehand guided, U.Ok. TV big ITV mentioned on Thursday.
ITV, led by CEO Carolyn McCall, supplied a first-quarter 2025 buying and selling replace early within the morning. “We proceed to evaluate the opportunity of commerce tariffs within the U.S.,” it highlighted. “ITV Studios solely produces TV programming and subsequently don’t anticipate any direct influence from the imposition of tariffs on movies.”
The corporate can also be bullish on its broader traits. “Media & leisure (M&E)’s strong efficiency demonstrates ITV’s market-leading place in U.Ok. streaming and broadcast,” the CEO mentioned. “ITVX continues to carry out effectively, and we count on sustained robust progress in digital revenues. That is underpinned by the highly effective attain and robust money technology of M&E.”
Whole ITV Studios income grew 1 p.c within the first quarter, whereas M&E income declined 3 p.c, with complete promoting income (TAR) down 2 p.c, as beforehand guided. “Inside this, digital promoting income (a element of digital income) grew strongly, up 15 p.c,” ITV mentioned.
In its advert outlook, ITV famous: “As beforehand guided, the year-on-year second-quarter TAR outlook displays the profit in 2024 of the lads’s Euros which drove substantial promoting revenues. In comparison with the identical interval in 2023, second-quarter and first-half 2025 TAR are anticipated to be broadly flat yr on yr.”
ITV additionally shared updates on broader traits and initiatives. “We’re persevering with to make good progress in implementing our price and effectivity program and are on monitor to ship important non-content price financial savings whereas optimizing our content material spend to finest replicate viewer dynamics,” McCall highlighted. “Whereas the macroeconomic atmosphere is unsure, we stay assured that our strategic initiatives, our give attention to monetary and value self-discipline and our diversified income and buyer base will allow us to efficiently navigate an evolving market panorama and ship long-term worth to our shareholders.”