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The company presented the 2023 financial results and reported a 60% decrease in profits related to the decrease in advertising.

ITV expect ITV Studios to deliver at least 5% average organic revenue growth per annum to 2026, having grown organically at 8% on average for the 18 month period from 1 January 2022 to 30 June 2023.

ITV reported its results for the period ended on June 30, revealing that ITV Studios increased revenue by 8%, reaching £1 billion in the first half of the year for the first time with strong and growing global demand for ITV’s content.

The company describes its progress on each of the partnerships and initiatives it has launched to promote better health, climate action, diversity and inclusion, and Giving Back.

ITVX, ITV's new, free, ad-funded streaming service, has enjoyed a strong debut month delivering a 55% increase in ITV's streaming hours in the first month after its launch compared to the same period last year.