ITV PLC (OTCPK:ITVPF)
$ 1.01 0.012693 (1.27%) Market Cap: 3.13 Bil Enterprise Value: 3.78 Bil PE Ratio: 5.83 PB Ratio: 1.32 GF Score: 75/100

Half Year 2021 ITV PLC Earnings Call (Q&A Session) Transcript

Jul 28, 2021 / 08:30AM GMT
Release Date Price: $1.69
Dame Carolyn J. McCall
ITV plc - Chief Executive, Member of Management Board & Director

Good morning, everyone. Thank you for joining us for our interim 2021 Q&A. I'm joined here, of course, today by Chris Kennedy to answer your questions with me. I hope many of you have already had a chance to watch our webcast. But I thought for those of you who hadn't, I'd just give you a quick overview before we start questions. And I really apologize for those people who have actually seen the whole presentation, it's a bit repetitive, but I'll try and keep that quick.

So ITV delivered a really strong performance in H1 as we continue to manage and mitigate the challenges presented by COVID. Total external revenue, to remind you, was up 27%, EPS more than doubled to 5.9p. This does reflect the innovation and agility of our Studios teams, and they've shown that by keeping productions running. The strong recovery in the ad market, up 29% compared to 2020. Within that, AVOD revenues were up 55%. And actually, if we look through 2 years to 2019, TAR was up 2% over H1.

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