ITV 9-month External Revenue Down 1%

ITV America & Streaming Service Britbox Bolster ITV's Third Quarter Financials

The group - home to shows such as The X Factor and I'm A Celebrity - posted a 4% decline in net advertising revenues in its third quarter, better than the 8% tumble in its first half.

But it cautioned over an ongoing hit to advertiser confidence from "political and economic uncertainty" amid Brexit talks. (ITV.L) reported that its total revenue for the nine-month ended 30 September 2017 rose 1 percent to 2.479 billion euros from 2.460 billion pounds in the prior year.

ITV's online and pay business revenue slipped 4% while the ITV Studios division achieved a 9% increase in revenue.

Revenues at ITV Studios were up 9% to £1.1BN and the firm said it will continue to invest in its "creative capability" following investments in Italian drama producer Cattleya and Nick Emmerson's United Kingdom entertainment start-up Koska.

"ITV's performance in the first nine months of 2017 is very much as we anticipated", said chairman Peter Bazalgette.

Vodafone Grp Plc Ads (NASDAQ:VOD) Experiences Heavier than Usual Trading Volume
Perhaps most importantly where cash movements are concerned, the company saw about 7.37 billion in net operating cash flow. At the close of regular trading, its last week's stock price volatility was 0.88% which for the month reaches 1.06%.

He added: "We've seen improving trends in all our key revenue lines in the quarter and we're on track to deliver on the commitments we set out at the start of the year".

While political uncertainty continues to dent corporate confidence in the United Kingdom and negatively impacts ad spending, ITV said it was seeing a return to advertising from some consumer goods firms and grocers.

Shares in the company, where the Easyjet chief executive Dame Carolyn McCall is due to take the helm, fell by 5p to a four-year low of 149p in early trading.

Online viewing was up 41 per cent in the period, and ITV Hub now has over 21m users including 75 per cent of 16 to 24 year olds.

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