ITV earnings dip, still in talks with Sky over potential sale of M&E business.


ITV posted a dip in full-year earnings on Thursday, with revenues broadly flat, as the broadcaster said it was still in talks with Sky about a possible sale of its media and entertainment business.

  • ITV
  • 05 March 2026 08:44:28
ITV

Source: Sharecast

In the year to 31 December 2025, group adjusted earnings before interest, tax and amortisation were down 1% to £534m, while adjusted pre-tax profit was 5% lower at £448m. Adjusted earnings per share declined 11% to 8.5p and revenue was broadly unchanged at £4.1bn.

Revenue from ITV Studios grew 5%, while digital revenues were 10% higher, offsetting a decline in linear advertising against a strong 2024 comparative due to the Men’s Euros.

Chief executive Carolyn McCall said: "ITV delivered a good performance in 2025, ahead of current market expectations and against a challenging market backdrop. With a strong digital platform, we have successfully capitalised on growth opportunities, delivered resilient profits and generated good levels of cash."

She said ITV Studios continues to outperform the wider market, while ITVX "is successfully driving profitable growth in digital viewing and revenue".

The broadcaster also said on Thursday that it remains in discussions with Sky about a possible sale of the M&E business.

"There can be no certainty as to whether a transaction will take place and an update will be made in due course," ITV said.

At 0840 GMT, the shares were up 2.6% at 79.65p.


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