ITV PLC (LSE:ITV)

£ 0.792 0.0225 (2.92%) Market Cap: 3.15 Bil Enterprise Value: 3.69 Bil PE Ratio: 14.80 PB Ratio: 1.73 GF Score: 60/100

Full Year 2023 ITV PLC Earnings Call Transcript

Mar 07, 2024 / 09:00AM GMT

Release Date Price: £0.6838 (+12.17%)

Transcript

Operator

Good morning or good afternoon, and welcome to the ITV Plc 2023 Full Year Results Call. My name is Adam, and I'll be your operator today. (Operator Instructions) I will now hand the call to Carolyn McCall, CEO, to begin.

Dame Carolyn J. McCall

ITV plc - Chief Executive, Member of Management Board & Director

Good morning, everyone, and welcome to ITV's 2023 Full Year Results. I'm here with Chris Kennedy, our CFO and COO. I will hand over to Chris shortly to walk you through our financial and operational performance before I cover our strategic progress. But first, let me start with a very quick overview.

2023 was a challenging year but we delivered a robust financial and operational performance, and we've made significant progress against all 3 strategic pillars. The actions we've taken to focus ITV on growth in Studios and Digital Advertising has enabled us to navigate through the significant economic headwinds, which contributed to a severe slowdown in the linear TV advertising market.

Now the headwinds coincided with the peak

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