ITV & Fremantle Q1 2025

ITV Q1 2025 earnings. And the change from last year:

• $1B total external Group revenue

  • ↑ 4%

• $513M ITV Studios revenue

  • ↑ 1% overall

• $650M Media & Entertainment revenue

  • ↓ 3%

  • ↓ 2% total advertising revenue

  • ↑ 15% digital ad revenue

  • ↑ 12% streaming hours on ITVX

• Upcoming slate includes:

  • The Women’s Euros

  • Shark: Celebrity Infested Waters

  • Code of Silence, I Fought the Law, Ridley

CEO Carolyn McCall:

“While the macroeconomic environment is uncertain, we remain confident that our strategic initiatives, our focus on financial and cost discipline and our diversified revenue and customer base will enable us to successfully navigate an evolving market landscape and deliver long-term value to our shareholders.”

• Tariff outlook:

  • ITV does not anticipate a direct impact from potential U.S. film tariffs

  • ITV Studios only produces TV programming

• Studio hits this quarter:

  • Run Away (Netflix)

  • The Better Sister, The Devil’s Hour (Prime Video)

  • Malpractice (ITV)

  • Squid Game: The Challenge (Netflix), I Kissed A Boy (BBC)

• ITV Studios acquired ma majority stake in Moonage Pictures (prod: Netflix’s The Gentlemen)

Fremantle Q1 2025 earnings. And the change from last year:

• $418M revenue

  • ↓ 5.6%

• Key Q2 launches expected to boost performance:

  • America’s Got Talent S20 (NBC)

  • Britain’s Got Talent S18 (ITV)

  • Death in Paradise S15 (BBC)

  • Films: Pillion and My Father’s Shadow (Element Pictures)

• €471M net debt

  • ↓ €20M vs. Q4 2024

RTL CEO Thomas Rabe:

“The acquisition of small and medium-sized production companies and partnerships with creative talent will help us reach our growth goals.”

Fremantle nabbed a ton of companies, including a First-look TV deal with Emma Stone & Dave McCary’s Fruit Tree, a Three-year deal with Eureka Studios.