U.K. media giant ITV posted a 31% drop in group adjusted EBITA (Earnings before interest, taxes, and amortization) for the first half of 2025, coming in at £146 million ($198 million), down from £213 million ($289 million) a year earlier.
The fall was driven by tough year-on-year comparisons against a Euros-boosted 2024 and a shifting mix in its Studios business, though executives stressed that the group’s transformation strategy remains on track.
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Total external revenue for the half dipped 1% to £1.59 billion ($2.16 billion), with total group revenue down 3% to £1.85 billion ($2.51 billion), according to interim results released
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