By Jake Kanter International TV Editor British broadcaster ITV’s total revenue increased 3% in 2019 to £3.8B ($4.9B) after the company’s production arm ITV Studios performed ahead of expectations.
The studio, which makes hits including Love Island and Hell’s Kitchen, increased its revenue by 9% year-on-year to £1.9B in the 12 months to December 2019.
This was ahead of forecasted growth of 5%. ITV’s advertising revenue — once its most important source of income — was down 1.5% to nearly $1.8B, according to the annual earnings, which showed a 10% drop in adjusted EBITA to £729M.
Earnings per share stood at 13.9p, which was down 10% on 15.4p in 2018. ITV CEO Carolyn McCall said: “Thanks to the hard work of our teams across the business, our
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