CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 75-95% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

UK's ITV group 9M revenue falls

By Reuters News


Overview

  • UK broadcaster's group revenue fell 1% for nine months to 30 September 2026

  • ITV Studios revenue declined 1%, with Q4 expected to be stronger due to production phasing

  • Company announced £30 mln temporary cost savings in M&E for Q4


Outlook

  • ITV Studios expects full-year revenue growth ahead of the market, driven by external revenue

  • Company expects ITV Studios EBITA margin at lower end of 13%-15% range for 2026

  • Company expects M&E total advertising revenue to be down 5-10% in Q4 and 2-3% for 2026


Result Drivers

  • PROGRAMME DELIVERIES - Internal revenue in Studios grew due to new and returning scripted and unscripted programmes for ITV M&E, offsetting the impact from scheduling changes

  • CONTENT MONETISATION - Growth in Studios distribution revenue was driven by monetising the content library

  • DIGITAL GROWTH - Digital advertising revenue rose as ITVX saw record viewing, helped by the Football World Cup and popular drama and entertainment titles


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

9M Revenue

GBP 2.76 bln


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and 2 "sell" or "strong sell"

  • The average consensus recommendation for the broadcasting peer group is "buy."

  • Wall Street's median 12-month price target for ITV PLC is GBp77.00, about 15.3% above its November 10 closing price of GBp66.80

  • The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago


Reuters Recommended Reads

  • Nov 10 - Canada's Stingray Group Q2 revenue jumps on higher advertising revenues

  • Nov 10 - UK's Zoo Digital H1 revenue rises on higher demand for localisation services

  • Nov 10 - Sweden's EG7 Q3 revenue rises 40% on strong studio growth


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.