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ITV (ITV) investor relations material
ITV Q3 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Nine-month revenue was £2,762m, down 1% YoY; external revenue was £2,358m, down 2%.
Studios remained on track for good FY revenue growth, while M&E expected continued profitable digital growth despite weaker advertising demand.
The agreed sale of M&E to Sky was progressing as planned; completion remained expected in H2 2027.
Financial highlights
Total advertising revenue was £1,238m, down 1% YoY; non-advertising revenue was £1,524m, down 2%.
Total digital revenue increased 7% to £461m; total streaming hours rose 29% to 2,153m.
Favorable foreign-exchange translation added £1m to nine-month total revenue on a constant-currency basis.
Outlook and guidance
Studios expected good FY revenue growth ahead of market, driven by external revenue; EBITA margin guided to the lower end of the 13%–15% range.
Studios revenue, margin and profit were heavily weighted to Q4, supported by a strong delivery pipeline and high-margin licensing deals.
M&E TAR expected down 5%–10% in Q4 and 2%–3% for FY 2026 vs 2025; profitable digital revenue growth remained on track.
£30m of additional temporary Q4 M&E savings identified: £25m in content and £5m in discretionary non-content costs; FY content budget expected at ~£1.2bn.
- Revenue up 2%, digital up 13%, £950m cash return and £100m buyback after M&E sale to Sky.ITV
Q2 2026 - ITVX leads UK streaming growth with expanded content, younger audiences, and rising digital revenue.ITV
Investor presentation - Sale to Sky unlocks £950m for shareholders and creates a focused global content powerhouse.ITV
Status update - Delivers mass reach, addressability, and measurable ROI through advanced video advertising.ITV
Investor presentation - Studios and digital growth offset ad declines, with Q2 ad revenue set for a strong rebound.ITV
Q1 2026 TU - Strong digital and Studios growth offset ad declines, with profitability and dividend maintained.ITV
H2 2025 - Revenue up 2% YTD, ITV Studios and digital ad growth offsetting ad market softness.ITV
Q3 2025 TU - Adjusted EBITA up 40% year-over-year, with record Studios profits and strong digital growth.ITV
H1 2024 - Record profit and digital growth drove margin gains and strong cash generation despite lower revenue.ITV
H2 2024
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