Get the latest gossip
ITV Says Studios Arm Will Grow “Faster Than The Global Content Market” This Year Amid Sale Speculation & Q1 Results
ITV's Q1 results have said studios will grow this year amid sale speculation and on delivery of Squid Game: The Challenge and Devil's Hour.
Delivering a trading update in the week that Deadline dove deep into a potential ITV sale, the 70-year-old British outfit said revenue, profit and margin will be weighted to the second half of this year “due to the timing of cost savings and high-margin deliveries.” ITV Studios ’ full-year margin will be lower than 2024, it added, which “reflects the change in sales mix as the market recovers following the U.S. strikes.” “While the macroeconomic environment is uncertain, we remain confident that our strategic initiatives, our focus on financial and cost discipline and our diversified revenue and customer base will enable us to successfully navigate an evolving market landscape and deliver long-term value to our shareholders.” At the network’s AGM earlier this week, Chairman Andrew Cosslett faced difficult questions over its stubborn 77p share price, which dipped slightly today, with one investor demanding to know when the figure will rise.
Or read this on Deadline
