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UKTV announces record profits

UKTV announces record profits
News
Staff Reporter
12 April 2016

UKTV has recorded a 13% leap in revenues following an increase of over 20% investment in programming and related launches.

The company says its performance has surpassed previous records in profits, ratings and revenue and its channel portfolio now has the two top-rating non-PSB channels in the UK: Dave and Drama.

Revenues rose to £319m, and earnings before interest, taxation, depreciation and amortisation hit £82m.

UKTV posted record operating profits of £79.6m, up from £72.3m in 2014 and £66.2m in 2013.

In 2015 UKTV increased its investment in content beyond the £123m spent in 2014, taking the level of spend to over £148m, delivering year on year market share growth in viewing figures.

Its highest rated show was North One's Storage Hunters UK Celebrity Special on Dave with 989k viewers.

Other UKTV originals that have helped the ratings success include Dave Gorman Modern Life is Goodish, comedy game show Taskmaster, Alan Davies: As Yet Untitled on Dave, The Interviews, Marley's Ghosts and Bob Monkhouse: Million Joke Man on Gold, and Most Haunted Live on Really.

Last year, four of UKTV's top ten performing titles were original commissions, three were UK premiere acquisitions and three were BBC titles.

Darren Childs, Chief Executive, said “Double digit growth is a tough goal. But we've achieved that in profit, in revenue and importantly, in investment in our programmes. That's helping our reputation as a credible and successful investor in creativity go from strength to strength. UKTV has had market-beating growth again this year, taking the business to the next level. As investment increases, I'm confident this year will see yet more significant growth for this vibrant business.

Jan Gooze-Zijl, Chief Financial and Operations Officer said “Our over 20% increase in content investment last year helped propel UKTV to record viewing, generating an all-time high level of revenue (£319.2m) and EBITDA (£82m). We also grew our share of commercial impacts to 9.31%, enabling us to capitalise on the continued strength of the television and VOD advertising market.”

UKTV also placed in The Sunday Times top 100 places to work for list and has been recognised in 'England's Top 100 Apprenticeship Employers' list'. In 2016 it is doubling its number of apprenticeships to create new openings in areas of the business where it would like to develop grass roots talent, including Technology, Operations and Digital.

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