ITV Q1 revenues decreased 7% due to US strike impacting ITV Studios, which saw a 16% decline to £382m.

ITV's Q1 revenues dropped 7% due to US strike action impacting its production arm, ITV Studios, which saw a 16% decline in revenues to £382m. The company also experienced weaker demand from European free-to-air broadcasters. ITV expects ITV Studios' revenues to be broadly flat over the full year 2024, with good underlying growth offsetting the impact of the US writers and actors strikes.