ITV reports TV spot ad revenue up 1% in first nine months

ITV's TV ad revenue increased by 1 per cent year on year in the first nine months of 2013 to £1.1 billion, while overall revenues increased by 6 per cent during the period buoyed by growth in the broadcaster's production arm.

Adam Crozier: chief executive of ITV
Adam Crozier: chief executive of ITV

According to ITV's revenue for the nine months to the end of September 2013, ITV's net ad revenue (NAR), or TV spot, ad revenue was £1.09 billion, an increase of 0.9 per cent year on year.

ITV's broadcast and online segment, which includes the contribution from TV and digital advertising as well as pay TV and online products, reported revenue of £1.34 billion in the nine months, a rise of 3 per cent year on year.

ITV Studios reported revenue of £555 million, up 11 per cent year on year.

Adam Crozier, chief executive of ITV, said: "We continue to make good progress with our strategy of growing and strengthening ITV both creatively and commercially, and all parts of the business are performing well.

"We're confident of a strong performance over the full year – both organically and from our recent acquisitions – underpinned by a delivery schedule which this year is weighted to Q4.

"The television advertising market is showing signs of improvement, which will benefit the core broadcast business, and we expect to deliver double digit revenue growth in online, pay and interactive."

Topics

Subscribe to Campaign from just £57 per quarter

Includes weekly and quarterly print issues, plus unrestricted online access.

SUBSCRIBE

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an Alert Now
Look out for the invisibles and introverts in your agency
Share

1 Look out for the invisibles and introverts in your agency

By cultivating a clubbable culture, agencies are ostracising talented introverts, writes Andy Jex, the executive creative director at Saatchi & Saatchi London.

Brexit reaction: Ad industry rocked by UK vote to leave EU
Shares0
Share

1 Brexit reaction: Ad industry rocked by UK vote to leave EU

Senior figures from across the UK's advertising industry have reacted with shock and dismay after the country voted to leave the European Union.

Just published