ITV Sees Revenues Climb 7% to $5.3 Billion, Hails Launch of ITVX Streaming Platform

U.K. commercial broadcaster ITV’s annual results for 2022 were revealed Thursday and the picture is robust. Total group revenue was up 7% to £4.3 billion ($5.3 billion) and total external revenue was up 8% to £3.7 billion. ITV Studios total revenues grew 19% to £2 billion. The “Love Island” broadcaster said that the strong revenue growth and the adjusted interest, taxes, and amortization (EBITA) margin of 12.4% for ITV Studios was driven by a 58% increase in high-end scripted hours produced, with 19 formats sold in three or more countries. The percentage of total ITV Studios’ revenue from streaming platforms… Read Full Article