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ITV Studios Revenue Falls 20 Percent in Third Quarter, Impacted by Hollywood Strikes

The Hollywood Reporter
Story by Georg Szalai
from The Hollywood Reporter
Image from The Hollywood Reporter
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ITV Studios revenue plummets 20% in Q3 due to Hollywood strikes, but the production giant eyes a strong Q4 and full-year record earnings.
beat sheet
  • ITV Studios reported a 20% drop in Q3 revenue, impacted by the 2023 U.S. writers' and actors' strikes, but expects to deliver record adjusted EBITDA for the full year 2024.
  • ITV's streaming service ITVX saw a 14% surge in streaming hours and a 15% jump in digital ad revenue in the first 9 months of 2024, showcasing the platform's growing appeal.
call sheet
Carolyn McCall, ITV Studios, ITV, Disney+, BBC, Amazon Prime Video, Fox, NBC, PBS Masterpiece, Rivals, Ludwig, The Better Sister, Hell's Kitchen, Shetland, Destination X, The Forsytes
Read the source

ITV Studios Revenue Falls 20 Percent in Third Quarter, Impacted by Hollywood Strikes

The Hollywood Reporter
Story by Georg Szalai
from The Hollywood Reporter
Image from The Hollywood Reporter
scrn logline
ITV Studios revenue plummets 20% in Q3 due to Hollywood strikes, but the production giant eyes a strong Q4 and full-year record earnings.
beat sheet
  • ITV Studios reported a 20% drop in Q3 revenue, impacted by the 2023 U.S. writers' and actors' strikes, but expects to deliver record adjusted EBITDA for the full year 2024.
  • ITV's streaming service ITVX saw a 14% surge in streaming hours and a 15% jump in digital ad revenue in the first 9 months of 2024, showcasing the platform's growing appeal.
call sheet
Carolyn McCall, ITV Studios, ITV, Disney+, BBC, Amazon Prime Video, Fox, NBC, PBS Masterpiece, Rivals, Ludwig, The Better Sister, Hell's Kitchen, Shetland, Destination X, The Forsytes
Read the source