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Closing in on 50/50 the right way: ITV FY 2015 results - Venture Insights

Report Overview

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Closing in on 50/50 the right way: ITV FY 2015 results

PublisherEnders Analysis.
Publish Date March 7, 2016
Sector Broadcast TV, Media, TV, UK Media.
Company ITV.

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ITV has delivered double-digit growth in adjusted EBITA for the sixth year running, marked by big increases in both TV NAR (Net Advertising Revenue) and non-TV NAR revenues, which now make up nearly 50% of the total.

The outlook for 2016 is promising. We expect continuing real growth in ITV family NAR in line with the market average, and further substantial increases in both Online, Pay & Interactive and ITV Studios.

The big question is how ITV can sustain all it has achieved with the international expansion of ITV Studios and use its growing scale to support growth in its Online, Pay & Interactive revenues abroad as well as in the UK.