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.
May 09, 2024
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