ITV Studios margins to hit lower end of range despite strong revenue growth

ITV PLC (LSE:ITV), the UK's largest commercial broadcaster, expects its Studios division to deliver margins at the lower end of its 13% to 15% target range this year, reflecting a shift in revenue mix even as the unit posts good top-line growth. The company said revenue, margin and profit at ITV Studios would be weighted to the second half, driven by the phasing of large scripted deliveries and high-margin licensing deals.