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ITV Completes $193M Savings Program A Year Early As Annual Results Reveal Record Profits For ITV Studios

ITV results 2024 have revealed profits up at 'Fool Me Once' & 'Love Island's ITV Studios

Those improved profits were buttressed by a record year for production arm ITV Studios, according to the commercial net, which saw EBITA rise 5% to £300M. ITV said this figure will improve in the second half of 2025, although margin is expected to be at the lower end due to “the change in sales mix as the market recovers following the U.S. strikes, with a lower proportion of high-margin catalogue sales, and a higher proportion of lower-margin scripted deliveries.” This is a reflection of what is currently taking place in the market, with less U.S. money around for co-pros. The production arm delivered shows such as Mr Bates vs the Post Office, Netflix smash Fool Me Once, Disney+’s Rivals and Apple TV+’s Franklin last year.

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