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Metro Radio Revenue Up 11% in August

Commercial radio ad revenue for the five major Australian capital cities increased by 11.7% to $55.479 million in the month of August compared to $49.653 million a year ago, according to figures released today by industry body CRA.

Sydney stations recorded a healthy 26.5% year on year increase in ad revenue to $16.889 million in the month. Melbourne stations grew 13.3% to $18.608 million, Adelaide stations were up 4.1% to $5.066 million, and Brisbane increased 2.9% to $8.258 million.

Perth was down 4.7% to $6.658 million.

CRA chief executive officer Ford Ennals says the travel, automotive and insurance categories were rebuilding advertising spend which had contributed to the month’s strong growth in ad revenue.

He says, “We also saw direct and independent agencies spend increase during August.

“CRA has been very proactive in engaging with these groups and communicating the effectiveness of commercial radio advertising including a recent audio event in partnership with the IMAA and a marketing campaign to launch the online audio planning tool.”

Ennals says the GfK radio survey 5 achieved another best-ever result for commercial radio with weekly listeners up 8% year on year to more than 12 million people across the five metro capitals. “Although we have not reached the revenue heights of pre-Covid days, advertisers recognise that radio is a cost-effective platform with high audience reach and engagement.”

The figures include agency and direct ad revenue and were compiled by media data analytics company Milton Data.

First published by RadioInfo. Read original here