ITV has confirmed it remains in discussions with Sky over a possible sale of its Media and Entertainment division, as the broadcaster reported a small fall in adjusted pre-tax profit for 2025.
In its full-year results statement, ITV said: “Following our announcement in November 2025, we remain in discussions with Sky regarding a possible sale of the M&E business. There can be no certainty as to whether a transaction will take place and an update will be made in due course.”
The talks, first disclosed in November, have been linked to a potential £1.6 billion (€1.84 billion) transaction covering ITV’s broadcast channels and streaming service ITVX, while excluding ITV Studios.
Financially, ITV reported adjusted pre-tax profit of £448 million (€514.8 million), down 5% year-on-year, alongside broadly flat group revenue of £4.12 billion. The company said a 5% decline in Media and Entertainment was offset by a 5% rise in ITV Studios.
By contrast, statutory pre-tax profit fell more sharply, with reporting pointing to the impact of prior-year one-offs (including the BritBox International disposal) on the comparison.
ITV also guided us to an improved near-term advertising picture. The group expects total advertising revenue in Q1 2026 to fall 2%, less than analysts had forecast.
