ITV PLC

ITV Plc engages in the production and broadcasting services. It operates through the Broadcast & Online, and ITV Studios segments. The Broadcast & Online segment offers commercial family of channels and delivers content through traditional television broadcasting. The ITV Studios segment creates and produces programs and formats that return and travel, namely drama, entertainment, and factual entertainment. The company was founded in September 1955 and is headquartered in London, the United Kingdom.

Pearson PLC

Pearson PLC (LSE:PSON), ITV PLC (LSE:ITV) and London Stock Exchange Group PLC (LSE:LSEG) are in line to benefit from some £700 million in refunds following an overturned ruling in Europe on tax exemptions. The Court of Justice of the European Union last month sided with the UK against a 2019 decision by Brussels to class exemptions for firms using overseas financing companies as illegal state aid.

Pearson, ITV, LSEG eye windfall as HMRC hands back £700mln on EU tax ruling

ITV PLC's (LSE:ITV) share price opened 8% lower as it reported a slowdown in ad revenue and unveiled £20 million in cost cuts. Total advertising revenue was flat in the third quarter and is projected to grow just 2.5% for the year.

ITV down 8% after Q3 ad revenues slow and broadcaster eyes a further £20m of cost cuts

UK network ITV is planning an additional £20M ($25.9M) in net cost savings, as impacts of the 2023 Hollywood labor strikes hit its production arm and broadcaster demand dropped. The broadcaster has posted group revenues of £2.

ITV Plans Extra $26M In Cost Savings As 2023 Hollywood Labor Strikes Hit Studios Revenues

Britain's ITV reported a bigger-than-expected revenue fall on Thursday, sending its shares 9% lower, as the broadcaster's studios business continued to feel the effects of last year's strike by U.S. writers.

Britain's ITV revenue drops on studios business, shares slide

ITV PLC (LSE:ITV)'s third quarter update next Thursday, November 7 will offer an insight into its progress on generating record studio profits this year. Last time out in July, ITV said profits from its studio wing were expected to hit a new peak over the year, driven by higher margin catalogue sales and cost-cutting efforts.

ITV's target for record studio profit in focus as results loom

European broadcasters like Atresmedia, TF1, RTL Group, are undervalued and overlooked despite improving performance and attractive dividend yields. These broadcasters trade at low valuations, with some showing performance levels similar to pre-pandemic highs. They remain under the radar on Seeking Alpha. ITV sees improving advertising revenue in the Media and Entertainment business and ITV studios is set to have a good 2025 with some temporary headwinds in 2024.

Time To Go Long Undervalued, High Yielding UK Broadcaster ITV

Shares in ITV PLC (LSE:ITV) were lower after rival Channel 4 reported a £52 million loss, the largest in its 40-year history, due to a slowdown in advertising revenue Despite the challenging economic environment, the C4 continued to invest heavily in programming, which CEO Alex Mahon attributed to supporting the UK's creative economy. Channel 4's top line fell by 10% to just over £1 billion in 2023, down from a £3 million surplus in 2022, marking its first loss in four years.

ITV shares fall as rival Channel 4 draws posts biggest loss in 40 years

Amazon

Freely, a new streaming service backed by the BBC, ITV and other British public broadcasters, will be available on Amazon Fire televisions following a "landmark deal" with the U.S. technology giant, the companies said on Monday.

Amazon Fire TVs to carry Freely streaming platform in boost for BBC and ITV

Shares in ITV PLC (LSE:ITV) rose 1.2% after Europe's top court annuled a previous regulatory ruling against the UK over purported state aid payments. The Court of Justice of the European Union sided with the UK in its fight against the European Union's order to recover millions from companies including ITV and the London Stock Exchange Group PLC (LSE:LSEG).

ITV and other UK companies did not benefit from state aid, EU's top court rules

ITV PLC (LSE:ITV) has partnered with AI-Media to use artificial intelligence to streamline its closed captioning. "At ITV, we are constantly seeking innovative solutions to improve our services," said David Padmore, director of accessibility for ITV.

ITV to use AI to streamline captioning

ITV PLC (LSE:ITV) reported stronger profit growth than expected for the first half of the year, driven by strong online advertising for the Euros, Love Island and Mr Bates vs The Post Office. Total revenue for the first six months of 2024 fell 3% to £1.9 billion, with total advertising revenue up 10%, ahead of guidance, but offset by the expected decline in revenue from the ITV Studios production department.

ITV profits surge as digital advertising growth offsets Hollywood strike impact

Britain's ITV reported a better-than-expected 10% rise in total advertising revenue in its first half on Thursday after strong demand during the Euro 2024 soccer championship, but its shares fell as it forecast a broadly flat ad revenue in the third quarter.

ITV first-half ad revenue boosted by England's Euro 2024 journey

ITV PLC (LSE:ITV) interim results are due on 25 July with how much of a bump England's Euro 2024 run has given ad revenues a key point of interest. Some commentators have suggested that ITV's TAR (total ad revenue) could be ahead by as much as 20% year-on-year during the second quarter, with a small tailwind for an improving backdrop ex-the football as a kicker.

ITV's Euro 2024 boost to dominate half-year update

Deutsche Bank

How big a lift will Euro 2024 give ITV PLC (LSE:ITV)?  A sizeable one, if the numbers being crunched by Deutsche Bank are a guide.

ITV reaping strong Euro 2024 tailwind says Deutsche Bank

ITV PLC (LSE:ITV) signed a new deal with Sky Sports on Friday allowing it to broadcast EFL Cup and Championship football games over the next couple of years. Starting from January next year, the broadcaster will show a select amount of games from the cup and league, beginning with next season's Carabao Cup semi-final.

ITV inks deal to show EFL and Carabao Cup games

ITV's point of interest in its latest update was the solid 12% advertising growth forecast for the second quarter boosted by a strong programme grid including the '24 Euros. While the weakness in the Studios business is expected to continue into quarter two, management added that the arm's revenue would be flat for the year, implying an improved delivery schedule over the remainder of the year.

ITV gets target upgrade ahead of Euro ad boost

ITV PLC (LSE:ITV) has announced an investment of up to £4.5 million in online estate agent Purplebricks. An agreement has been made for ITV to buy £1.5 million worth of convertible loan notes in Purplebricks owner Strike Ltd, the broadcaster announced on Wednesday.

ITV buys stake in Purplebricks in return for advert space

ITV has announced 200 job cuts to save money as it battles a slide in advertising revenues. An email to staff from chief executive Carolyn McCall, chief executive confirmed redundancy consultations have started as part of a programme to save £50 million.

ITV starts job cuts as ad slide continues

ITV PLC (LSE:ITV)'s first quarter update faced mixed reviews from Deutsche Bank analysts, which highlighted a weaker studio performance as dragging on the results. Indeed, the network reported a 16% fall in revenue on Thursday from its studio division over the quarter, as total income fell 6%.

ITV viewed cautiously as fallout of actors strike goes on - analysts

Revenues at ITV dropped during the first quarter, as the fallout of the US writers' and actors' strike offset recovering advertising sales.

ITV's Q1 Revenues Dropped 7% As US Strike Action Hit Show Production

UK network ITV has posted Q1 revenues down 7%, as its studios division felt the impact of last year's Hollywood labor strikes. The commercial broadcaster's total revenue was £887M ($1.1B), compared with £952M in 2023, with a recovery in the ad market offset by a 16% dip at ITV Studios.

ITV Studios Revenues Down As Impact Of Hollywood Strikes Bites

ITV PLC (LSE:ITV)'s total revenue for the first quarter was £887 million, a decrease of 7% compared to the same period last year. This decline was attributed to a 16% drop in ITV Studios' advertising revenue, which stood at £382 million, reflecting the phasing of deliveries and the impact of the US film industry strikes.

ITV advertising slump persists, but streaming hours surge

UBS has revised its price target for ITV PLC (LSE:ITV) downwards from 76 pence to 73 pence due to increased marketing and labour costs. The investment bank, which retained its 'neutral' recommendation, has also adjusted its earnings per share (EPS) projections for ITV for the fiscal years 2024 to 2026, reducing them by approximately 4%.

ITV downgrade by influential investment bank

ITV shares rose on Thursday after the broadcasting goliath announced signs of recovery in the battered advertising market.

News for ITV PLC Stock (ITVPY)