Half Year 2023 ITV PLC Earnings Call Transcript
Good morning, everyone, and welcome to ITV's 2023 Interim Results Presentation. I'm here, of course, with Chris Kennedy, our CFO and COO. And I'm going to hand over to Chris shortly to walk you through our performance before I go through our strategic progress.
First, a quick overview of the highlights. During the first half of 2023, we continued to execute the strategy, delivering strong growth in Studios and in Digital revenues. This largely offset the expected decline in linear advertising as a result of the weakness in the U.K. advertising market. Now this is real momentum, and the team remains absolutely focused on our three strategic pillars: expanding studios globally, supercharging streaming and optimizing broadcast. So briefly, just touching on each. Expanding studios is a clear priority, as you all know. Unlike advertising, the content market is not cyclical, and therefore, by expanding studios, we're shifting away from the business mix towards faster growth and less volatility. ITV Studios
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