ITV plc (GB:ITV) has released an update.
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ITV plc has experienced a mixed financial performance in the first nine months of 2024, with ITV Studios facing a 20% revenue decline due to the US writers’ and actors’ strike, but is expected to end the year with record profits. Meanwhile, ITVX’s streaming service showed robust growth, with streaming hours up 14% and digital advertising revenue up 15%. The company also announced an additional £20 million in cost savings to improve profitability.
For further insights into GB:ITV stock, check out TipRanks’ Stock Analysis page.
