There was no surprise on the trend in the Q1 23. The decrease in total advertising revenue and ITV Studios on constant currency was compared to high comparatives last year. Total digital revenue surged by +29% including strong digital advertising growth (+30%). There is no reversal of total advertising revenue expected in Q2 23 (-12%). The 2023 guidance was confirmed for ITV Studios with mid-single digit revenue growth and an adjusted EBITA margin at the low end of 13-15% of revenue.
11 May 2023
No total advertising revenue reversal in the very short-term
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No total advertising revenue reversal in the very short-term
ITV PLC (ITV:LON) | 70.0 -0.2 (-0.4%) | Mkt Cap: 2,812m
- Published:
11 May 2023 -
Author:
Hélène Coumes - Pages:
There was no surprise on the trend in the Q1 23. The decrease in total advertising revenue and ITV Studios on constant currency was compared to high comparatives last year. Total digital revenue surged by +29% including strong digital advertising growth (+30%). There is no reversal of total advertising revenue expected in Q2 23 (-12%). The 2023 guidance was confirmed for ITV Studios with mid-single digit revenue growth and an adjusted EBITA margin at the low end of 13-15% of revenue.