The findings were revealed by Enders Analysis, a research company, which attributed the falling number of click-throughs to “an onslaught” from social media platforms and artificial intelligence summaries produced by search engines.

Half of publishers polled reported a decline in search traffic over the past year.

“Search traffic is no longer a given,” Douglas McCabe, a media analyst, said in the Rewriting the Media Playbook report.

“Many publishers have used their websites to replicate the article format. But the website itself is no longer the primary destination for consumers as it struggles to meet expectations, while AI erodes monetisation.”

“Publishers are losing visibility and value as their content is used but not rewarded,” McCabe said.

The company’s share of the UK broadband market has fallen to 11 per cent, from 14 per cent in 2022, according to research by Enders Analysis.

Karen Egan, head of telecoms at Enders, said altnets had pushed broadband prices to “uneconomic levels” in the UK. 

“TalkTalk, in particular, has been at the sharp end of this pressure as both the altnets and TalkTalk appeal to the lower end of the market,” she added.

Karen Egan, Enders’ head of telecoms, said the trend was also partly due to the cost of living crisis, with consumers more likely to use a cheaper mobile alternative — something that many MVNOs claim to offer. 

Egan also noted that in addition to consumer competition, an additional battle was also growing between network operators jostling to sign deals to bring virtual operators on to their networks. 

“MVNOs are getting increasingly good wholesale deals from the network operators, who are really struggling for other sources of revenue growth and have decent levels of spare network capacity,” she said. 

Hamish Low, an analyst at the research firm Enders Analysis, told Business Insider that the "macro uncertainty" triggered by Trump's administration would weigh on tech companies.

He said it would make investors more serious about the "questions that were already growing" about Big Tech's major bets and their potential for returns.

"Impressive capabilities at the frontier of research aren't translating into either people's experiences of AI products or the kinds of returns that match the investments going in," Low told BI.

Analysts at the media consultancy Enders Analysis have said that a possible ITV restructuring would be “largely based on the release of overlooked value, if the constituted parts were judged on their own merits”.

In a note released this month, they said: “This latent value would have to more than compensate any lost benefit that ITV receives from the current integration of Studios.

“This is not insubstantial: over 60 per cent of ITV viewing is of ITV Studios and Sports content and about half of ITV’s content budget crosses to Studios, a proportion which has grown over the past decade.

“In turn, domestically, ITV is ITV Studios’ biggest customer — given that almost all the Studios programming that is bought by ITV is local — it can be estimated that around 74 per cent of Studios’ UK revenues come from ITV.”