U.K. broadcaster ITV increased external revenues by 2% in the quarter ending March 31, 2021, according to financial results released on Wednesday.
Total external revenue was up 2% at £709 million ($985 million) compared to 2020’s £694 million, despite the Covid-19 restrictions in place throughout the period, unlike the same quarter in 2020 which only had a limited impact, the broadcaster noted.
The “Love Island” broadcaster also said that revenues for ITV Studios were up 9% at £372 million, compared to 2020’s £342 million.
Media and entertainment revenue was down 3% at £484 million, trailing 2020’s £500 million, and was dented by the national lockdown, which only began lifting in April. ITV total advertising was also affected and was down 6%, while online revenue was up 14%.
Carolyn McCall, ITV chief executive, was bullish about the impact of “Love Island,” one of the broadcaster’s most successful shows. “We are encouraged by the U.K. roadmap out of lockdown and remain cautiously optimistic about the year ahead,...
Total external revenue was up 2% at £709 million ($985 million) compared to 2020’s £694 million, despite the Covid-19 restrictions in place throughout the period, unlike the same quarter in 2020 which only had a limited impact, the broadcaster noted.
The “Love Island” broadcaster also said that revenues for ITV Studios were up 9% at £372 million, compared to 2020’s £342 million.
Media and entertainment revenue was down 3% at £484 million, trailing 2020’s £500 million, and was dented by the national lockdown, which only began lifting in April. ITV total advertising was also affected and was down 6%, while online revenue was up 14%.
Carolyn McCall, ITV chief executive, was bullish about the impact of “Love Island,” one of the broadcaster’s most successful shows. “We are encouraged by the U.K. roadmap out of lockdown and remain cautiously optimistic about the year ahead,...
- 5/5/2021
- by Naman Ramachandran
- Variety Film + TV
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