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ITV Studios Unveils Five-Year Masterplan To Boost Turnover By 5% Per Year And Supercharge Scripted And Streamer Revenue
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deadline.com
deadline.comITV Studios has outlined mega five-year ambitions to increase revenue by 5% per year, double its number of scripted hours and almost double its proportion of total revenue from the streamers.Setting out plans before an investor seminar this afternoon, ITV’s production outfit said it should return to 2019 levels by next year and plans to then grow by 5%.Adjusted EBITDA should increase by 13% to 15% over the same period, according to the grand ambition.Turnover last year fell almost 25% to 1.4BN and EBITDA dropped a massive 43% to £152M during a 12 months heavily impacted by the pandemic but ITV’s recent nine-month results showed major improvements, with ITV Studios’ revenues reversing by 32% to £1.2BN for the first nine months of 2021.The
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