ITV PLC (OTCPK:ITVPF)

$ 1.01 0.012693 (1.27%) Market Cap: 3.09 Bil Enterprise Value: 3.78 Bil PE Ratio: 5.83 PB Ratio: 1.32 GF Score: 73/100

Full Year 2023 ITV PLC Earnings Call Transcript

Mar 07, 2024 / 09:00AM GMT

Release Date Price: $0.716

Transcript

Operator

Good morning or good afternoon, and welcome to the ITV Plc 2023 Full Year Results Call. My name is Adam, and I'll be your operator today. (Operator Instructions) I will now hand the call to Carolyn McCall, CEO, to begin.

Dame Carolyn J. McCall

ITV plc - Chief Executive, Member of Management Board & Director

Good morning, everyone, and welcome to ITV's 2023 Full Year Results. I'm here with Chris Kennedy, our CFO and COO. I will hand over to Chris shortly to walk you through our financial and operational performance before I cover our strategic progress. But first, let me start with a very quick overview.

2023 was a challenging year but we delivered a robust financial and operational performance, and we've made significant progress against all 3 strategic pillars. The actions we've taken to focus ITV on growth in Studios and Digital Advertising has enabled us to navigate through the significant economic headwinds, which contributed to a severe slowdown in the linear TV advertising market.

Now the headwinds coincided with the peak

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