LONDON (UK) – Despite advertising demand rebounding at the end of the year, Britain’s ITV has reported a 21% drop in full-year adjusted earnings, beating analyst expectations. The company further added that although the market remained challenging, the trend was positive.
The broadcaster, which aired Oprah Winfrey’s interview with Meghan and Prince Harry on Monday, reported adjusted group earnings of 573 million pounds ($792 million) on total external revenue of 2.78 billion pounds, down 16%.