Commercial radio ad revenue rebounds with $59.605 million in May

Commercial Radio Revenue

Commercial radio advertising revenue for metro stations has jumped by 72.6% in May to reach $59.605 million which is up significantly from the $34.534 million a year ago, according to data compiled by Deloitte and released by Commercial Radio Australia. The metro revenue figures include agency and direct ad revenue.

“It’s enormously encouraging to see advertisers returning to radio in full force after a challenging 12 months,” said Joan Warner, chief executive officer of CRA. 

“The industry is seeing robust activity from national advertisers and we anticipate the recovery in the SME market will continue to build in the coming months and into the busy Christmas season.

“Most major advertiser categories have recovered well and it is expected that with the new fiscal year, a fresh investment cycle is highly likely.”

The results follow a 51.9% year on year increase in ad revenue in the month of April to $51.636 million.

Victoria, the largest radio market, was up by 74.5% to $20.028 million compared to the same period a year ago, while NSW stations enjoyed a 71.2% increase to $17.685 million.  Queensland stations rose 77.6% to $8.965 million, WA was up 73.2% to $7.470 million and South Australia climbed 62.1% to $5.457 million.