Press Centre

ITV plc Q1 Trading Update for the 3 months to 31 March 2018

Published: Thu 10 May 2018

Carolyn McCall
ITV – Q1 delivers a strong performance on and off screen
ITV has published the following trading update in advance of the Company’s Annual General Meeting to be held at 11 am today.
Carolyn McCall, ITV Chief Executive, said:
“We have started the year well both on and off screen.    Total external revenue increased 5%, driven by 11% growth in ITV Studios revenue and 41% growth in online revenue.  ITV total advertising which includes NAR, online and sponsorship was up 3%.
“Our strong viewing performance has continued, with total minutes viewed across the ITV Family up 4%, share of viewing up 6% and time spent viewing online on the ITV Hub up 31%. This reflects the strength and breadth of our schedule across our platforms. Highlights include strong performances from Coronation Street and Emmerdale, the successful return of Dancing on Ice and both Saturday Night Takeaway and our long running drama Vera delivering their best series ever.  And we have an exciting schedule for the rest of the year including Britain’s Got Talent, the Football World Cup, the return of Love Island and our new period drama Vanity Fair, from the producers behind Victoria and Poldark.
“ITV Studios has delivered a strong performance with organic revenue up 9%.  We have a solid slate of new and returning programmes internationally for both broadcasters and OTT platforms with Unforgotten, The War of the Worlds, Snowpiercer, Good Witch, Suburra, The Voice, The Chase, Big Star’s Little Star, Queer Eye for the Straight Guy, The Four and Forged in Fire.
“While the economic environment remains uncertain online advertising continues to grow strongly. We expect ITV total advertising to be up 2% over the first half, but profits will reflect the timing of the Football World Cup. Over the full year we are on track to deliver double digit growth in online revenue and good organic revenue growth in ITV Studios.
“The strategic refresh is progressing well with great input and engagement from ITV people across the business.  I look forward to sharing an update at our interim results in July.”