ITVprofits improved in the first half of 2024 following the revelation that it would bemaking significant staff layoffs.

The strikes will delay around 80M of revenue from 2024 to 2025.

ITV also said there had been lower demand from free-to-air broadcasters in Europe in the short term.

Love Island

Love IslandITV

ITV Studios U.S. revenue also fell significantly, by one third, to 117M.

The cost and efficiency program was raised as partly responsible for the improved results.

Ad revenue also showed green shoots, up 10%, while digital revenues were up 17%.

‘Love Island USA’