EarningsQ2 2026 Earnings Report
MX:ITVN Q2 2026 EPS Results
Actual EPS$0.51
Consensus EPS$0.49
Beat/MissBeat by +$0.02
One Year Ago EPS$0.42
MX:ITVN Q2 2026 Revenue Results
Actual Revenue$37.26B
Expected Revenue$20.27B
Beat/MissBeat by +$16.99B
YoY Revenue Growth+1.14%
Earnings Announcement Details
QuarterQ2 2026
Date07/31/2026
TimeBefore Open
Conference CallFriday, July 31, 2026
MX:ITVN Upcoming Earnings
ITV plc's next earnings date is estimated for March 4, 2027, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a broadly positive operational and strategic picture driven by a transformational M&E transaction, strong digital growth (ITVX viewing +27%, digital revenue +13%), advertiser gains, and a healthy balance sheet (net debt GBP 652m, leverage 1x). However, near-term profitability and timing risks remain: Studios EBITA and margin were down, Group EBITA is flat with H2 weighting, Q3 advertising is expected to decline ~5%, working capital has reduced cash conversion, and the Sky transaction faces regulatory review that could delay completion. On balance the highlights (transformative deal, clear capital returns, digital and advertiser momentum, cost discipline) outweigh the lowlights (margin pressure, near-term ad softness, regulatory timing risk).Company Guidance
Transformative M&E sale and shareholder returns
Agreement to sell M&E to Sky creating a GBP 950m net cash return (excluding contingent consideration); announced immediate GBP 100m share buyback and declared interim dividend of GBP 0.017 per share (in line with prior year).
Studios revenue growth and strong pipeline
Total ITV Studios revenue up 2% to GBP 912m (3% organic), outpacing the global content market; strong H2 pipeline of big-budget scripted and unscripted shows providing good revenue visibility.
M&E advertising and digital revenue growth
M&E advertising revenue GBP 850m, up 3% year-on-year; digital revenues grew 13% to GBP 307m, reflecting continued momentum in streaming monetization.
ITVX audience and platform scale
ITVX viewing up 27% in H1, with June the first month exceeding 20 million monthly active users; platform growth supports addressable ad monetization.
M&E profitability improvement
M&E EBITA increased 37% to GBP 48m, reflecting strong digital growth and World Cup-driven mass audiences.
Cost discipline and savings track record
Overall content costs reduced 2% despite World Cup; delivered GBP 4m of permanent savings YTD and remain on track for GBP 20m of target savings this year, bringing cumulative savings since 2019 to GBP 273m.
Healthy balance sheet and cash generation
Net debt at GBP 652m with leverage ratio of 1x; profit-to-cash conversion of 63% on a rolling 12-month basis, and buyback expected to be executed over c.9–12 months.
Commercial traction for Planet V and advertiser growth
Planet V/ITVX addressable advertising progress: over 1,700 new advertisers on Planet V, in-house sales partnered with c.1,300 brands (up from ~800), and new Comcast Universal Ads launch to accelerate SME access.
Strong content and event performance
FIFA Men's World Cup delivered exceptional mass audiences (e.g., quarterfinal England vs Norway peak commercial audience 18.4m) and attracted ~200 advertisers (70 new to football); several hit programs (e.g., 'Gone', 'The 1% Club', 'Love Island') drove linear and streaming engagement.
MX:ITVN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed