Business
Final Results
Final Results.
About this update from Itv Plc
[{"type":"text","content":"\n \n \n \n ITV Full Year results for the period ending 31 December 2022\n \n \n \n \n Strong end to 2022; successful strategic execution; powerful momentum into 2023 and on track to deliver KPI targets for 2026 \n \n \n \n \n \n \n \n Carolyn McCall, ITV Chief Executive, said:\n \n \n \n \"2022 was a year of significant strategic progress and ITV delivered a robust set of financial results. The successful execution and delivery of ITVX in Q4 was a major digital milestone. The platform has received a very positive reception from viewers and advertisers alike, with its newly expanded range of original content and a superior user experience engaging more viewers, and lighter viewers, and encouraging them to spend more time with ITV. The user experience and personalisation elements will continue to improve throughout 2023. \n \n \n \n \n \n \"Our total external revenue growth of 8% was driven by double-digit increases from our growth drivers, ITV Studios and our digital businesses in M&E. Our mass reach linear advertising business has also performed well and ITV total advertising revenue (TAR) was down only 1%, delivering the second highest TAR in ITV's history. \n \n \n \n \n \n \"As a result of ITV's deliberate strategic actions and strong execution, ITV has a scaled and expanding global production business, a rapidly growing targeted digital advertising business, a resilient linear TV advertising business and a unique vertically integrated producer broadcaster and streamer model. This means that ITV is now a demonstrably more balanced business which is ideally placed to take advantage of the growing demand for quality content from viewers, broadcasters and streamers and take a larger share of the digital advertising market.\n \n \n \n \n \n \"We enter 2023 with strong momentum and are on track to deliver all our 2026 KPI targets1 despite a continuing uncertain macro environment. ITV's balance sheet is robust enabling us to continue to invest to support our strategy and deliver returns to shareholders.\"\n \n \n \n \n \n \n Group financial highlights: revenue driven by double digit growth in ITV Studios and M&E digital revenues\n \n \n \n ·\n Total external revenue up 8% at £3,728 million, total group revenue2 up 7% at £4,345 million\n \n \n o \n Total ITV Studios re...