UK's ITV assessing US tariffs after in line first quarter

LONDON (Reuters) -Britain's ITV reported a first-quarter performance in line with guidance and said while it was assessing the impact of tariffs, it did not expect its television-making unit to be hit by U.S. President Donald Trump's proposed film levies.

For the first quarter, the group, which is made up of two units, said its Studios production business reported a 1% rise in revenues, and its Media & Entertainment broadcast and streaming unit, posted total advertising revenue down 2%, as expected.

Trump's tariffs have made the economic outlook more uncertain for most businesses with international revenues, and ITV Studios said it was continuing to assess the possibility of trade tariffs in the U.S..

"While the macroeconomic environment is uncertain, we remain confident," chief executive Carolyn McCall said in a statement on Thursday.

The outlook for Studios, which made "Rivals" for Disney, and whose output in the first three months of 2025 included "Run Away" for Netflix and "The Devil's Hour" for Amazon Prime Video, remains unchanged, ITV said.

Reuters reported in January that ITV was in early-stage talks with Abu Dhabi-backed RedBird IMI to merge their respective production businesses, ITV Studios and All3media.

(Reporting by Sarah Young; Editing by Kate Holton and James Davey)