UK commercial broadcaster ITV may have seen a dip in its viewing share, but it has delivered another period of double digit profit growth over the last six months — up 24% to £400m .
ITV’s online businesses were a solid part of this strong overall showing.
“Our Broadcast & Online business remains strong with profit up 26% to £315m and revenue up 6% to £1.04bn, helped by 5% growth in advertising revenue and the launch of our pay channel ITV Encore,” comments ITV Chief Executive Adam Crozier.
Overall, ITV continued to grow non-advertising revenue with Online, Pay & Interactive revenue up 27% and ITV Studios revenue up 23%.
ITV Family share of viewing was down 4% in H1. Crozier said that improving SOV remains a key focus for the year.