UK commercial broadcaster ITV saw a 5% (£772 million) (USD$1,04 billion) increase in revenue in the first quarter of 2018 across all parts of business bolstered by strong revenue growth from ITV Studios and online streams.
ITV Studios saw an 11% (£382 million or USD$515 million) increase with organic revenues up 9%.
Remarking on that organic growth, Carolyn McCall (pictured), ITV’s chief executive appointed last July, said in a statement: “We have a solid slate of new and returning programs internationally for both broadcasters and OTT platforms with Unforgotten, The War of the Worlds, Snowpiercer, Good Witch, Suburra, The Voice, The Chase, Big Star’s Little Star, Queer Eye for the Straight Guy, The Four and Forged in Fire.”
Meanwhile, online revenue racked up a 41% increase. Broadcast and online revenue were up 3% to £526m ($US709m) from £510m (US$687m) in 2017 with strong growth in online, pay & interactive up 25% and ITV Family NAR up 1% as projected.