ITV Reports $1 Billion Q1 Revenue with 4% Growth, £385M Studios Revenue, 12% Streaming Rise; iHeartMedia Beats Q1 Expectations

ITV reported a solid first quarter performance with revenues reaching $1 billion, reflecting a 4% year-over-year increase to £756 million. The company’s studios division saw a 1% revenue growth to £385 million, and ITV Studios is expected to grow faster than the global content market this year amid ongoing sale speculation. ITVX streaming hours increased by 12% year-over-year, while digital advertising revenue rose 15%. Despite concerns about potential film tariffs, ITV stated there was no direct impact on its business. Separately, iHeartMedia exceeded first-quarter expectations and noted that advertising spending remains generally stable.