ITV Delivers Profit Surge Despite Revenue Dip, Bolstered by Streaming and Cost Cuts
The massive UK-based media conglomerate announced a significant 11% rise in group adjusted EBITA (which stands for earnings before interest, taxes, and amortization) to a whopping £542 million ($700 million). This impressive growth was primarily fueled by exceptional profits at ITV Studios and robust expansion within their Media & Entertainment sector.