ITV Faces Sale Speculation Despite Record Profits for Studios Division

CEO Carolyn McCall emphasizes ITV's growth strategy while declining to comment on merger rumors surrounding its production arm, ITV Studios.

ITV Studios reported record profits of £300 million in 2024, with a 5% increase, despite challenges like the U.S. writers' and actors' strikes.
Speculation continues about a potential merger between ITV Studios and RedBird IMI's All3Media, though ITV's leadership has refused to comment on the rumors.
CEO Carolyn McCall highlighted ITV's strategic diversification, with content production and digital now accounting for nearly two-thirds of the company's revenue.
ITV's share price remains under pressure, with McCall attributing this to broader structural changes in media markets and calling for regulatory reforms to bolster UK equity markets.
ITVX, the company's streaming platform, has seen growth in digital viewing and advertising revenue, with the company focusing on profitability over aggressive subscriber growth.