ITV produced a globally satisfactory set of results for FY 16 with consolidated external revenue up 3% to £3,064m (AV was £3,094m), despite declining advertising revenues (-3%) as non-NAR revenue (53% total group) rose by 11% (ITV Studios up 13% to £1,395m, driven by acquisitions; US revenues down 27% or £85m due to three big shows recording £100m less revenues). The adjusted EBITA was better than we had expected, up 2% to £885m (AV was: £847m), i.e.
01 Mar 2017
A good performance over a challenging FY16
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
A good performance over a challenging FY16
ITV PLC (ITV:LON) | 70.2 -0.3 (-0.6%) | Mkt Cap: 2,819m
- Published:
01 Mar 2017 -
Author:
Véronique Cabioc'h -
Pages:
3
ITV produced a globally satisfactory set of results for FY 16 with consolidated external revenue up 3% to £3,064m (AV was £3,094m), despite declining advertising revenues (-3%) as non-NAR revenue (53% total group) rose by 11% (ITV Studios up 13% to £1,395m, driven by acquisitions; US revenues down 27% or £85m due to three big shows recording £100m less revenues). The adjusted EBITA was better than we had expected, up 2% to £885m (AV was: £847m), i.e.