ITV (ITV) Company Presentation summary

Business overview and strategy

• Operates as a vertically integrated producer, broadcaster, and streamer with two main divisions: Studios and Media & Entertainment (M&E).

• Studios is a global creator, owner, and distributor of TV content, with over 60 production labels in 12 countries and a library of 90,000+ hours.

• M&E is the largest commercial broadcaster and streamer in the UK, with five linear channels and the ITVX streaming platform.

• Strategic focus on expanding Studios by genre, geography, and customer, and driving digital growth through ITVX and Planet V.

• Synergies between Studios and M&E provide a sustainable base of commissions, world-class content, and a strong promotional engine.

Studios performance and targets

• Studios delivered a 7% total revenue CAGR from 2015 to 2023, with over 50% of revenue generated outside the UK.

• Revenue split in 2023: 37% scripted, 63% unscripted; 42% UK, 29% international, 29% US.

• On track for 2026 KPIs: 400 scripted hours/year (316 in 2023), 20 formats sold in 3+ countries (19 in 2023), 30% of revenue from streaming (32% in 2023).

• Studios adjusted EBITA margin was 13.2% in 2023 and 15.7% in H1 2024.

• Strong client relationships, limited production risk, and industry-leading margins support growth ahead of the market.

Media & Entertainment (M&E) performance and digital transformation

• ITVX is the UK's largest free ad-funded streaming service, with 14.6m monthly active users and 40m+ registered users.

• Planet V, the proprietary addressable advertising platform, is the second largest programmatic video platform in the UK.

• Digital revenues grew 19% in 2023 to £490m; streaming hours reached 1,505m in 2023 and 846m in H1 2024.

• Maintained a 91% share of the top 1,000 UK commercial broadcast TV programmes and a 32.6% share of commercial viewing in 2023.

• 2024 content budget is £1.275bn, supporting both streaming and broadcast with uniquely British content.