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ITV PLC
XMUN:IJ7

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ITV PLC
XMUN:IJ7
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Price: 0.915 EUR -2.92% Market Closed
Market Cap: €3.7B

ITV PLC
Investor Relations

ITV PLC is a British media company that sits between television audiences and the advertisers who want to reach them. It owns commercial TV channels and a streaming service, and it makes money mainly by selling advertising around its programs and charging for access to some of its content and services. Its core customers on the broadcast side are viewers, while its paying customers include advertisers and distribution partners. ITV also runs a large TV production business called ITV Studios. This part of the company develops, makes, and sells scripted and unscripted shows to other broadcasters and streaming platforms around the world. In this business, ITV earns money by licensing shows, producing commissions, and selling finished programs rather than relying only on ads. What makes ITV different is that it combines a consumer-facing broadcaster with a behind-the-scenes content supplier. That gives it two ways to make money: from owning channels that attract audiences, and from creating programs that other media companies want to buy. For beginners, the simplest way to think about ITV is as both a TV network and a TV content factory.

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Last Earnings Call
Fiscal Period
Q4 2021
Call Date
Mar 3, 2022
AI Summary
Q4 2021

Record Revenues: ITV achieved record total revenues in 2021, with Studios revenue up 28% and total advertising revenue up 24%, the highest in its history.

Strong Digital Growth: Digital revenue rose to £347 million, up 41% in AVOD year-on-year and 65% versus 2019, with plans to more than double digital revenue to at least £750 million by 2026.

Profit Recovery: Adjusted EBITA increased 42% to £813 million, and adjusted EPS rose 40% to £0.153.

Dividend Commitment: Board proposed a full-year dividend of £0.033 and committed to at least £0.05 per annum going forward.

ITVX Launch: ITVX, a new integrated AVOD/SVOD streaming platform, will launch in Q4 2022, consolidating all digital content and aiming to double digital viewing and subscribers.

Cost Savings: ITV remains on track for £100 million in permanent cost savings by end of 2022, with an additional £50 million targeted by 2026.

Confident Outlook: Management expressed confidence in maintaining strong cash flow, investing in digital, and growing Studios, with no immediate impact seen from macroeconomic or geopolitical headwinds.

Key Financials
Total Revenue
Record level (exact figure not specified)
ITV Studios Revenue
Up 28%
Total Advertising Revenue
£1.957 billion
AVOD Revenue
Up 41% YoY
Digital Revenue
£347 million
Adjusted EBITA
£813 million
Adjusted EPS
£0.153
Dividend
£0.033 for 2021
Studios Adjusted EBITA
£215 million
Studios Adjusted EBITA Margin
12%
Subscription Revenue
Up over 50% YoY
Content Costs
Up 18% YoY
Total Streaming Hours
Up 22% YoY
Monthly Active Users (Streaming)
9.6 million
Total Subscribers (SVOD)
3.6 million+ globally
BritBox Subscribers (UK)
730,000+
BritBox Subscribers (International)
2.4 million+
Total Registered Users
34.7 million
Cash Conversion
80%
Net Debt
£414 million
Total Liquidity
£1.5 billion
Pension Scheme Accounting Deficit
£8 million
Permanent Cost Savings
£83 million achieved
Earnings Call Recording
Other Earnings Calls

Management

Ms. Carolyn J. McCall DBE
Chief Executive, Member of Management Board & Director
No Bio Available
Mr. Chris Kennedy
Group CFO, COO, Member of Management Board & Director
No Bio Available
Mr. Kevin Lygo
MD of Media & Entertainment and Member of Management Board
No Bio Available
Mr. Kelly Williams
MD of Commercial & Member of Management Board
No Bio Available
Mr. David Osborn
Chief People Officer & Member of Management Board
No Bio Available
Mr. Julian Bellamy
MD of ITV Studios & Member of Management Board
No Bio Available
Mr. Paul Moore
Group Communications & Corporate Affairs Director and Member of Management Board
No Bio Available
Mr. Magnus Brooke
Director of Strategy, Policy and Regulation & Member of Management Board
No Bio Available
Ms. Ade Rawcliffe
Group Director of Diversity & Inclusion and Member of Management Board
No Bio Available
Mr. Simon Farnsworth
CTO & Member of Management Board
No Bio Available

Contacts

Address
London
The London Televison Centre, Upper Ground
Contacts
+442072613061.0
www.itvplc.com
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