ITV has seen revenues increase for the first quarter of the year, backed by “strong performances” from Coronation Street and Emmerdale.
Its broadcast and online revenues increased by 3% to £526m, while ITV Studios saw an 11% rise, to £343m.
“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%,” explained Carolyn McCall, ITV chief executive.
“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.”
McCall added that the remainder of the year also looked strong with the World Cup, the return of Love Island and period drama, Vanity Fair.
“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,” she continued.
“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.”
