ITV Q1 revenues down 7%

ITV has published its Q1 trading update for the 3 months to March 31st. Total external revenue was down 7 per cent to £776 million (€893.3 million).

Carolyn McCall, ITV Chief Executive, commented: “ITV continued to make significant strategic progress in the quarter and all parts of the business performed in line with expectations. ITVX has sustained its strong launch, with a 49 per cent increase in streaming hours and a 29 per cent growth in digital revenue in the quarter. Exclusives, such as Nolly and The Twelve attracted new viewers, 80 per cent of whom went on to explore other content on ITVX. In addition, live simulcast viewing of our biggest shows and sports events, including Love Island and the FA Cup attracted large streaming audiences.”

Source: ITV Q1 revenues down 7%