The U.K. TV giant, led by CEO Carolyn McCall, reports its first-quarter results.
, slightly less pronounced than its forecast for a roughly 11 percent decrease, with the current second quarter forecast to record a 12 percent decline.
“The outlook for advertising is challenging … given the current macroeconomic environment,” the company, led by CEO Carolyn McCall, had. At the time, it also shared that its total advertising revenue, including TV and digital advertising, as well as sponsorships, had been trending down 9 percent in January, down 9 percent in February and down around 16 percent in March, compared to the same respective periods in 2022.
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