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ITV's half yearly revenues rise by 8%

ITV's pre-tax profits for the six months to June grew 2% to £265m
ITV's pre-tax profits for the six months to June grew 2% to £265m

Broadcaster ITV today hailed a "fantastic" performance on air and online in its first half, with the World Cup and "Love Island" helping revenue to rise 8% to £1.59 billion.

ITV's chief executive Carolyn McCall, who took over the top job in January, said ITV's total advertising revenue rose 2% as expected, with 48% growth from online. 

It predicted flat advertising in the third quarter, against what it described as a backdrop of economic uncertainty. 

The share of viewing achieved by ITV's channels rose 9% to a 10-year high, the company said, helped by its daytime schedule and drama programming. 

To grow further, Ms McCall said she planned to refresh the strategy by increasing its viewing share and advertising revenue, especially online, building up its studios business, and strengthening direct relationships with consumers by offering paid-for content and experiences. 

"We will deliver this strategy by building greater capability in data, analytics and technology as well as developing the great creative and commercial talent ITV already has," she said. 

"Executing the strategy will enable us to continue to deliver sustainable returns to our shareholders," the CEO added. 

The company said its adjusted earnings before interest tax and appreciation (EBITA) fell 7% to £375 , impacted by the timing of the World Cup, although beating analyst forecasts of £361m.