Ad Revenues and Forecasts

The below figures show current and historical revenue, share and forecasts for UK commercial radio.

*MAT = moving annual total

Annual Commercial Radio Revenue (£m’s)

Year	Local (£m)	National (£m)	Branded Content (£m)	Digital (£m)	Total (£m)
2023	115.8	376.4	151.1	72.2	715.5
2022	123.5	394.3	144.7	77.7	740.1
2021	115.1	402.8	129.5	71.3	718.7
2020	89.2	341.4	99.6	46.8	577.1
2019	141.2	373.5	128.7	49.3	692.8
2018	168.0	377.6	122.5	45.4	713.6
2017	174.3	360.3	109.7	34.8	679.1
2016	166.4	338.8	113.1	27.5	645.8
2015	163.5	325.7	103.2	20.4	612.8
2014	165.8	308.5	101.1		575.4
2013	158	270	108.7		536.8
2012	152.9	287	112.8		552.7
2011	143.5	283.9	105.1		532.5
2010	144.3	276.2	102.6		523
2009	144.7	259.4	101.5		505.9
2008	149.6	304.8	105.8		560.2
2007	159.4	337.3	101.5		598.2
2006	157.8	322.7	101.2		581.7
2005	172.7	347.7	93		613.4
2004	183.1	364.1	93.7		640.9
2003	168.7	359.3	75.97		603.97
2002	149.1	342.3	71.3		562.7
2001	142.5	344.3	62.1		548.9
2000	145.4	388.4	60.8		594.6
1999	153.9	310.5	n/a		464.4
1998	160.3	257.8	n/a		418.1
1997	151.6	202.5	n/a		354.1
1996	136.4	172.3	n/a		308.7
1995	120.7	150.1	n/a		270.8
1994	103.1	117.1	n/a		220.2
1993	91	87.3	n/a		178.3
1992	74	67	n/a		141

Quarterly Commercial Radio Revenue (£m’s)

Year	Revs £m’s					Rev YoY Growth %
	Local	National	Branded Content	Digital	Total	Local	National	Branded Content	Digital	Total
Q2 2024	27.1	89.6	35.5	19.1	171.3	-3.2	7.6	-7.6	14.8	3.0
Q1 2024	33.1	103.0	34.1	18.3	188.5	13.8	3.9	19.5	-5.9	7.0
Q4 2023	30.0	105.1	47.5	19.8	202.4	-1.2	-0.4	9.4	-12.3	0.3
Q3 2023	28.7	88.8	36.7	16.4	170.5	-5.8	1.4	-1.0	-15.2	-2.2
Q2 2023	28.0	83.3	38.4	16.6	166.4	-7.4	-12.9	13.8	-6.6	-6.2
Q1 2023	29.1	99.1	28.5	19.4	176.2	-10.2	-6.1	-6.3	7.6	-5.5
Q4 2022	30.4	105.5	43.4	22.5	201.8	-8.4	-7.7	7.5	0.9	-4.0
Q3 2022	30.4	87.6	37.0	19.3	174.4	-3.3	-14.2	7.0	-0.8	-7.1
Q2 2022	30.3	95.7	33.8	17.8	177.5	3.7	3.4	19.3	6.9	6.5
Q1 2022	32.4	105.6	30.5	18.1	186.5	52.1	12.5	16.3	26.7	20.0
Q4 2021	33.2	114.2	40.4	21.9	209.7	34.6	1.4	34.6	47.9	15.1
Q3 2021	31.4	102.1	34.6	19.1	187.2	45.3	22.6	35.3	50.2	30.7
Q2 2021	29.2	92.5	28.3	16.4	166.3	144.1	84.3	59.0	104.5	89.1
Q1 2021	21.3	93.9	26.2	14.1	155.4	-31.2	-1.4	-0.3	24.8	-5.1
Q4 2020	24.7	112.7	30.0	14.8	182.2	-29.5	15.0	-14.3	11.7	0.5
Q3 2020	21.6	83.3	25.6	12.7	143.3	-37.1	-7.4	-21.6	6.4	-15.2
Q2 2020	12.0	50.2	17.8	8	87.9	-66.5	-43.2	-44.3	-32.9	-47.7
Q1 2020	30.9	95.2	26.3	11.3	163.7	-14.3	-2.0	-9.8	-7.1	-6.2
Q4 2019	35.0	98.0	35.0	13.3	181.3	-16.5	-3.4	-3.1	-2	-6.1
Q3 2019	34.4	90.0	32.6	12.0	168.9	-18.3	-2.8	18.8	-0.1	-2.9
Q2 2019	35.7	88.4	32.0	11.9	168.0	-14.1	5.4	2.0	15.9	0.5
Q1 2019	36.1	97.2	29.1	12.1	174.5	-14.9	-2.6	5.5	26.5	-2.7
Q4 2018	41.9	101.5	36.1	13.5	193.0	-5.7	-0.1	4.8	38.7	1.5
Q3 2018	42.1	92.5	27.5	12.0	174.1	-4.8	7.5	6.1	25.1	5.0
Q2 2018	41.6	83.9	31.3	10.3	167.2	-7.3	0.6	16.5	20.4	2.1
Q1 2018	42.4	99.7	27.6	9.6	179.3	4.1	11.6	23.1	39.3	12.5
Q4 2017	44.4	101.5	34.5	9.8	190.2	0.7	6.4	3.5	17.9	5
Q3 2017	44.2	86	25.9	9.6	165.7	5.7	5.4	-5.8	42.6	5.1
Q2 2017	44.9	83.4	26.9	8.5	163.7	11.4	11.8	2.2	38.9	11.1
Q1 2017	40.8	89.3	22.4	6.9	159.4	1.4	2.6	-13.6	8.1	-0.1
Q4 2016	44.1	95.4	33.3	8.3	181.1	10	6.5	3.6	31.7	7.7
Q3 2016	41.9	81.7	27.5	6.7	157.7	2.8	4.1	12.1	23.7	5.8
Q2 2016	40.3	74.6	26.4	6.2	147.4	-1.2	-2.3	5.2	32.6	0.4
Q1 2016	40.2	87.1	25.9	6.4	159.6	-4.2	7.1	21	57.9	7.3
Q4 2015	40.1	89.6	32.2	6.3	168.2	-6.2	5.3	14.5		7.9
Q3 2015	40.7	78.4	24.5	5.4	149	-4.2	9.3	7.2		8.7
Q2 2015	40.8	76.3	25	4.6	146.8	-0.3	-1.9	-2.9		1.6
Q1 2015	42	81.3	21.4	4	148.7	5.4	10.2	-12.2		7.8
Q4 2014	42.7	85.1	28.1		155.9	2	16.8	-7.8		7.4
Q3 2014	42.5	71.8	22.9		137.1	3.5	12.7	-13.4		4.6
Q2 2014	40.9	77.8	25.8		144.5	9.5	22.3	-1.6		13.6
Q1 2014	39.8	73.8	24.4		138	5.3	5.7	-5		3.5
Q4 2013	41.9	72.8	30.5		145.2	8.9	5	3.3		5.7
Q3 2013	41	63.7	26.4		131.1	3.7	-8.2	-1.4		-3.4
Q2 2013	37.3	63.7	26.2		127.2	-3.8	-13.7	-14.6		-11.2
Q1 2013	37.8	69.8	25.7		133.3	4.7	-6.2	-0.6		-2.3
Q4 2012	38.4	69.3	29.5		137.3	5.7	-3.4	3.9		0.5
Q3 2012	39.6	69.4	26.8		135.8	4.1	-7.3	-2.1		-3.2
Q2 2012	38.8	73.8	30.7		143.2	9.7	9.3	18.4		11.2
Q1 2012	36.1	74.5	25.8		136.4	7.1	6.8	10.2		7.5
Q4 2011	36.3	71.8	28.4		136.6	0.4	-3.5	1.8		-1.4
Q3 2011	38	74.9	27.4		140.3	3.3	19.1	11.8		13
Q2 2011	35.4	67.5	25.9		128.8	0	11.7	-2.9		5.1
Q1 2011	33.7	69.7	23.4		126.9	-6	-11.2	-0.4		-8
Q4 2010	36.2	74.4	27.9		138.5	-3.3	4.6	-2.4		1
Q3 2010	36.8	62.8	24.5		124.1	3.1	5.1	-1		3.3
Q2 2010	35.4	60.5	26.7		122.5	1.8	0.7	7.4		2.4
Q1 2010	35.9	78.6	23.5		137.9	-2.5	14.7	0.8		7.3
Q4 2009	37.5	71.1	28.6		137.1	3.4	8.3	5.4		6.3
Q3 2009	35.7	59.8	24.8		120.2	-3.7	-16.5	-13.5		-12.4
Q2 2009	34.8	60	24.8		119.7	-6.1	-16	-3.6		-10.9
Q1 2009	36.8	68.4	23.4		128.6	-6.4	-28.8	-4.1		-19.5
Q4 2008	36.2	65.6	27.1		129	-9.8	-21.2	-1.1		-14.5
Q3 2008	37.1	71.6	28.6		137.3	-6	-12.2	2.1		-7.9
Q2 2008	37	71.5	25.8		134.2	-8.4	-15.9	7.3		-10.2
Q1 2008	39.3	96.1	24.4		159.7	-2.1	9.4	11.4		7.3
Q4 2007	40.2	83.3	27.4		151	3.2	11.4	1.1		7.1
Q3 2007	39.4	81.6	28		149	-0.7	7.7	8		5.4
Q2 2007	40.4	85	24		149.4	1.2	3.4	-7.9		0.8
Q1 2007	39.4	87.4	22.1		148.9	0.3	-2.8	0		-1.6
Q4 2006	38.9	74.8	27.1		140.9	-9.7	-14.3	7.7		-9.5
Q3 2006	39.7	75.8	25.9		141.4	-8.2	-11.6	10.4		-7.3
Q2 2006	39.9	82.2	26.1		148.2	-5.4	4.6	16.2		3.5
Q1 2006	39.2	89.9	22.1		151.2	-11	-6.3	0.8		-6.6
Q4 2005	43.1	87.3	25.2		155.7	-8.2	-6.1	0		-5.8
Q3 2005	43.3	85.7	23.5		152.5	-2.8	-5.9	-2.8		-4.6
Q2 2005	42.2	78.6	22.4		143.3	-8.5	-9.8	-9		-9.2
Q1 2005	44.1	95.9	21.9		162	-2.4	3.5	11.3		2.8
Q4 2004	47	93	25.2		165.2	1	-7	15.3		-1.9
Q3 2004	44.5	91.1	24.1		159.8	3.6	3.5	29.2		6.7
Q2 2004	46.4	87.3	24.7		158.3	12.9	2.2	29.2		8.8
Q1 2004	45.2	92.7	19.7		157.6	18.7	8	20.5		12.4
Q4 2003	46.5	100	21.8		168.4	21.5	10.4	22.3		14.7
Q3 2003	43	88.1	18.7		149.7	10.4	6.7	-2.4		6.5
Q2 2003	41.1	85.4	19.1		145.5	11.5	1.9	1		4.3
Q1 2003	38.1	85.8	13.4		140.3	8.7	0.6	6.6		3.4
Q4 2002	38.3	90.6	17.9		146.8	-0.5	4.4	8.8		3.6
Q3 2002	38.9	82.6	19.1		140.7	7.8	-0.7	17.6		3.8
Q2 2002	36.9	83.8	18.9		139.5	3.3	-1.2	17.2		2.2
Q1 2002	35	85.4	15.3		135.7	8.7	-4.7	15.5		0.5
Q4 2001	38.5	86.8	16.4		141.7	1.3	-18.8	6.6		-11.6
Q3 2001	36.1	83.2	16.3		135.6	3.2	-11.8	5.2		-6.4
Q2 2001	35.7	84.8	16.1		136.6	-2.7	-17.6	1		-12.2
Q1 2001	32.2	89.6	13.3		135.1	-9.7	6.2	-4.6		0.8
Q4 2000	38	106.8	15.4		160.3	-3.7	16.7	n/a		22.3
Q3 2000	35	94.3	15.5		144.8	-10	19.2	n/a		22.7
Q2 2000	36.7	102.9	16		155.5	-3.3	38.6	n/a		38.7
Q1 2000	35.7	84.4	13.9		134	-5	28.7	n/a		29.9

MAT Commercial Radio Revenue (£m’s)

Year	Revs £m’s					Rev YoY Growth %
	Local	National	Branded Content	Digital	Total	Local	National	Branded Content	Digital	Total
MAT Q2 2024	118.9	386.6	153.7	73.5	732.7	0.8	2.9	4.3	-5.6	1.9
MAT Q1 2024	119.8	380.2	156.7	71.1	727.8	-0.3	-2.0	9.8	-10.1	-0.3
MAT Q4 2023	115.8	376.4	151.1	72.2	715.5	-6.2	-4.5	4.4	-7.1	-3.3
MAT Q3 2023	116.2	376.7	147.0	75.0	714.9	-8.0	-6.5	3.8	-3.3	-4.5
MAT Q2 2023	117.9	375.5	147.4	77.9	718.8	-7.4	-10.1	5.9	0.3	-5.7
MAT Q1 2023	120.2	387.9	142.7	79.1	729.9	-4.8	-6.4	6.7	3.4	-2.8
MAT Q4 2022	123.5	394.3	144.7	77.7	740.1	7.2	-2.1	11.7	6.9	2.8
MAT Q3 2022	126,7	403.1	141.6	77.5	748.5	18.5	0.5	18.9	18.9	8.2
MAT Q2 2022	127.3	417.6	139.2	76.7	761.8	31.5	9.2	26.5	32.9	17.6
MAT Q1 2022	126.2	414.5	133.8	76.5	751.0	58.7	21.9	34.3	53.6	32.0
MAT Q4 2021	115.1	402.8	129.5	71.5	718.9	29.1	18.0	29.9	52.6	24.5
MAT Q3 2021	106.6	401.1	119.1	64.4	691.1	7.1	22.8	13.8	42.2	20.0
MAT Q2 2021	96.8	382.3	110.1	58.0	647.2	-13.8	14.7	-1.4	30.3	7.5
MAT Q1 2021	79.5	340.0	99.6	49.6	568.8	-41.5	-8.5	-20.9	2.5	-16.6
MAT Q4 2020	89.2	341.4	99.6	46.8	577.1	-36.8	-8.6	-22.6	-5	-16.7
MAT Q3 2020	99.5	326.7	104.6	45.3	576.2	-32.8	-13.3	-19.4	-8.7	-18.2
MAT Q2 2020	112.2	333.4	111.7	44.5	601.8	-28.0	-12.2	-10.4	-10.2	-15.2
MAT Q1 2020	136.0	371.6	125.9	48.4	681.9	-15.9	-0.9	1.5	1	-3.8
MAT Q4 2019	141.2	373.5	128.7	49.3	692.8	-16.0	-1.1	5.0	8.6	-2.9
MAT Q3 2019	148.1	377.0	129.8	49.6	704.5	-13.2	-0.2	7.4	19.1	-0.9
MAT Q2 2019	155.8	379.6	124.7	49.6	709.6	-9.8	2.2	4.5	26.4	1.0
MAT Q1 2019	161.7	375.1	124.1	48.0	708.7	-8.1	1.2	8.0	27.9	1.4
MAT Q4 2018	168.0	377.6	122.5	45.4	713.6	-3.6	4.8	11.7	30.6	5.1
MAT Q3 2018	170.5	377.7	120.9	41.6	710.7	-2.0	6.6	11.4	25.1	6.1
MAT Q2 2018	172.7	371.2	119.3	39.2	702.4	0.6	6.1	8.3	28.9	6.1
MAT Q1 2018	175.9	370.7	114.9	37.5	699	5.4	8.7	4.8	33.7	8.3
MAT Q4 2017	174.2	360.3	109.7	34.8	679.1	4.7	6.4	-3.0	26.3	5.2
MAT Q3 2017	174	354.2	108.5	33.3	669.9	7.1	6.4	-3	30.4	5.9
MAT Q2 2017	171.6	349.8	110.1	30.4	662	6.4	6.1	1	25.5	6.1
MAT Q1 2017	167	341	109.6	28	645.6	3.2	2.9	1.8	23.4	3.5
MAT Q4 2016	166.4	338.8	113.1	27.5	645.8	1.8	4	9.6	35	5.4
MAT Q3 2016	162.4	333	111.9	25.5	632.8	-2.2	3.7	13		5.4
MAT Q2 2016	161.2	329.7	109	24.2	624.1	-4	4.8	11.8		6.1
MAT Q1 2016	161.7	331.5	107.7	22.7	623.6	-3.7	4.9	9.7		6.4
MAT Q4 2015	163.5	325.7	103.2	20.4	612.8	-1.4	5.6	2		6.5
MAT Q3 2015	166.1	321.2	99.1	14.1	600.5	0.7	8.4	-4.3		6.3
MAT Q2 2015	167.9	314.5	97.4	8.7	588.5	2.6	9.1	-9		5.3
MAT Q1 2015	168	316	98.2	4	586.2	5	15.3	-8.6		8.3
MAT Q4 2014	165.8	308.5	101.1		575.4	4.9	14.3	-7		7.2
MAT Q3 2014	165	296.2	103.5		564.7	6.7	11.1	-4		6.8
MAT Q2 2014	163.6	288.1	107.1		558.8	6.8	5.8	-1		4.7
MAT Q1 2014	160	274	107.5		541.5	3.5	-3	-4.6		-1.5
MAT Q4 2013	158	270	108.7		536.7	3.3	-5.9	-3.6		-2.9
MAT Q3 2013	154.6	266.5	107.8		528.9	2.5	-7.9	-3.5		-4.2
MAT Q2 2013	153	272.2	108.2		533.4	2.6	-7.7	-3.6		-4.1
MAT Q1 2013	154.6	282.3	112.6		549.5	6	-2.2	4.8		1.4
MAT Q4 2012	152.9	287	112.8		552.7	6.6	1.1	7.3		3.8
MAT Q3 2012	150.8	289.4	111.7		551.9	5.2	1	6.8		3.3
MAT Q2 2012	149.3	294.9	112.2		556.4	5	7.4	10.4		7.4
MAT Q1 2012	145.9	288.6	107.5		542	2.6	7.9	4.9		5.9
MAT Q4 2011	143.5	283.9	105.1		532.5	-0.6	2.8	2.5		1.8
MAT Q3 2011	143.3	286.5	104.6		534.4	-1.5	5	1.3		2.4
MAT Q2 2011	142	274.4	101.7		518.1	-1.6	1.7	-1.7		0.1
MAT Q1 2011	142.1	267.4	102.5		512	-1.1	-0.8	0.8		-0.6
MAT Q4 2010	144.3	276.2	102.6		523.1	-0.3	6.5	1.1		3.5
MAT Q3 2010	145.6	272.9	103.2		521.7	1.4	7.5	3.2		4.9
MAT Q2 2010	144.4	269.4	103.5		517.3	-0.3	1.4	-0.4		0.6
MAT Q1 2010	143.8	269.5	101.7		515	-2.3	-2.8	-3		-2.7
MAT Q4 2009	144.7	259.4	101.5		505.6	-3.3	-14.9	-4.1		-9.8
MAT Q3 2009	143.5	253.9	100		497.4	-6.6	-21.3	-5.7		-14.6
MAT Q2 2009	144.8	265.8	103.9		514.5	-7.1	-20.1	-1.5		-13.4
MAT Q1 2009	147.1	277.2	104.8		529.1	-7.7	-19.9	1		-13.1
MAT Q4 2008	149.6	304.8	105.8		560.2	-6.1	-9.6	4.3		-6.3
MAT Q3 2008	153.6	322.5	106.1		582.2	-2.9	-1.9	4.8		-1
MAT Q2 2008	155.9	332.5	105.5		593.9	-1.6	2.9	6.4		2.3
MAT Q1 2008	159.3	346	103.8		609.1	0.9	8.1	2.5		5.1
MAT Q4 2007	159.4	337.3	101.5		598.2	1	4.5	0.3		2.8
MAT Q3 2007	158.1	328.8	101.2		588.1	-2.4	-1.9	1.9		-1.4
MAT Q2 2007	158.4	323	99		580.4	-4.3	-6.4	2.4		-4.4
MAT Q1 2007	157.9	320.2	101.2		579.3	-5.9	-6.3	8.6		-3.9
MAT Q4 2006	157.8	322.7	101.2		581.7	-8.6	-7.2	8.8		-5.2
MAT Q3 2006	162	335.2	99.3		596.5	-8.3	-5.1	6.7		-4.2
MAT Q2 2006	165.6	345.2	96.8		607.6	-6.9	-3.8	3.4		-3.6
MAT Q1 2006	167.8	341.6	93.2		602.6	-7.8	-7	-2.8		-6.6
MAT Q4 2005	172.7	347.7	93		613.4	-5.7	-4.5	-0.7		-4.3
MAT Q3 2005	176.6	353.3	93		622.9	-3.3	-4.8	2.9		-3.3
MAT Q2 2005	177.8	358.7	93.7		630.2	-1.8	-2.5	10.3		-0.6
MAT Q1 2005	182	367.4	95.9		645.3	3.5	0.3	20.9		3.9
MAT Q4 2004	183.1	364.1	93.7		640.9	8.6	1.3	23.3		6.1
MAT Q3 2004	182.7	371.1	90.3		644.1	13.8	6.1	25.5		10.6
MAT Q2 2004	181.1	368.1	84.9		634.1	15.8	6.9	17.2		10.6
MAT Q1 2004	175.8	366.2	79.3		621.3	15.5	6.8	9.8		9.5
MAT Q4 2003	168.7	359.3	76		604	13.1	4.9	6.6		7.3
MAT Q3 2003	160.5	349.9	72		582.4	7.5	3.4	3.1		4.4
MAT Q2 2003	156.4	344.4	72.4		573.2	6.8	1.6	8.2		3.8
MAT Q1 2003	152.2	342.8	72.3		567.3	4.7	0.8	12.6		3.2
MAT Q4 2002	149.1	342.3	71.3		562.7	4.6	-0.6	14.7		2.5
MAT Q3 2002	149.3	338.5	69.8		557.6	5.1	-7.1	14.3		-1.7
MAT Q2 2002	146.5	339.1	66.9		552.5	3.9	-9.7	11.1		-4.2
MAT Q1 2002	145.3	340.1	64.2		549.6	2.4	-13.6	6.7		-7.7
MAT Q4 2001	142.5	344.3	62.1		548.9	-2	-11.4	2.2		-7.7
MAT Q3 2001	142.1	364.4	61.1		567.6	-3.3	-2.3			0.4
MAT Q2 2001	140.9	375.5	60.3		576.7	-6.5	4.9			7.1
MAT Q1 2001	141.9	393.7	60.1		595.7	-6.6	19.5			20.3
MAT Q4 2000	145.4	388.4	60.8		594.6	-5.5	25.1			28
MAT Q3 2000	146.9	373.1			520	-6.5	26.8			25.3
MAT Q2 2000	150.7	357.9			508.6	-4.2	29.9			24.4
MAT Q1 2000	152	329.3			481.3	-5.5	21.2			14.5
MAT Q4 1999	153.9	310.5			464.4	-4	20.4			11.1
MAT Q3 1999	157.1	294.3			451.4	-1.8	22.5			12.8
MAT Q2 1999	157.3	275.6			432.9	-1.2	19.5			11
MAT Q1 1999	160.8	271.7			432.5	4.4	28.5			18.3
MAT Q4 1998	160.3	257.8			418.1	5.7	27.3			18.1
MAT Q3 1998	159.9	240.3			400.2	8.6	24.1			17.4
MAT Q2 1998	159.2	230.6			389.8	10.9	24.4			18.5
MAT Q1 1998	154.1	211.5			365.6	8.6	19.6			14.7
MAT Q4 1997	151.6	202.5			354.1	11.1	17.5			14.7
MAT Q3 1997	147.2	193.7			340.9	11.5	15.2			13.6
MAT Q2 1997	143.6	185.3			328.9	11.3	13.3			12.4
MAT Q1 1997	141.8	176.9			318.7	13.1	13.2			13.2
MAT Q4 1996	136.4	172.3			308.7	13.1	14.8			14
MAT Q3 1996	132	168.1			300.1	13	17.5			15.5
MAT Q2 1996	129	163.5			292.5	15.7	20.9			18.5
MAT Q1 1996	125.4	156.3			281.7	18.8	22.4			20.8
MAT Q4 1995	120.7	150.1			270.8	17.1	28.2			23
MAT Q3 1995	116.7	143.1			259.8	17	32.2			24.9
MAT Q2 1995	111.6	135.2			246.8	14.9	35.1			25.2
MAT Q1 1995	105.5	127.7			233.2	11	38.6			24.6
MAT Q4 1994	103.1	117.1			220.2	13.3	34.1			23.4
MAT Q3 1994	99.8	108.2			208	14.9	40.1			26.8
MAT Q2 1994	97.1	100.1			197.2	19.3	40			29
MAT Q1 1994	95.1	92.1			187.2	23.4	34.9			28.8
MAT Q4 1993	91	87.3			178.3	23	30.3			26.4
MAT Q3 1993	86.9	77.2			164.1	21.7	17.9			19.9
MAT Q2 1993	81.4	71.5			152.9	16.9	9			13.1
MAT Q1 1993	77	68.3			145.3	15.2	3.4			9.3
MAT Q4 1992	74	67			141	13.4	5.3			9.4
MAT Q3 1992	71.4	65.5			136.9	11.1	4.9			8.1
MAT Q2 1992	69.6	65.6			135.2	5.5	5.2			5.3
MAT Q1 1992	66.9	66.1			133	-4.4	5.6			0.3

Radio’s share of the Quarterly Display Market

In order to measure Commercial Radio’s growth relative to other media, we calculate radio’s share of total advertising revenue. This is based on Commercial Radio’s direct competitive set i.e. the display advertising marketplace.

*From 2015 Radio revenues also included digital ad formats, to ensure this analysis remains representative from Q1 2015 the Total market now data includes digital display elements (where applicable) across all media channels. For example: TV (spots, S&P, PP, AFP & VoD), Radio (spots & S&P inc digital ad formats), Print brands (print & digital display), Cinema, Outdoor and Internet (pureplay display). Previously digital display elements were not included for traditional media.

Year	Total Display (M’s)	Year-on-Year Growth (%)	Radio Share (%)
Q1 2023*	4,789.7	-0.2	3.7
Q4 2022*	5990.1	11.5	3.3
Q3 2022*	4907.3	9.5	3.5
Q2 2022*	5110.4	15.9	3.6
Q1 2022*	4800.2	28.1	3.9
Q4 2021*	5372.6	30.1	3.9
Q3 2021*	4481.7	39.6	4.2
Q2 2021*	4408.9	88.7	3.8
Q1 2021*	3747.4	2.0	4.1
Q4 2020*	4128.3	2.1	4.4
Q3 2020*	3211.4	-4.4	4.5
Q2 2020*	2336.5	-35.4	3.8
Q1 2020*	3673.4	3.7	4.5
Q4 2019*	4041.6	2.8	4.5
Q3 2019*	3359.1	4.9	5.0
Q2 2019*	3615.7	11.5	4.6
Q1 2019*	3542.7	8.8	4.9
Q4 2018*	3931.3	6.4	4.9
Q3 2018*	3203.1	5.6	5.4
Q2 2018*	3242.2	6.1	5.2
Q1 2018*	3,256.4	8.6	5.5
Q4 2017*	3,695.7	7.0	5.1
Q3 2017*	3,033.0	3.4	5.5
Q2 2017*	3,054.4	2.5	5.4
Q1 2017*	2,999.6	0.0	5.3
Q4 2016*	3,455.5	1.2	5.2
Q3 2016*	2,932.8	1.9	5.4
Q2 2016*	2,979.5	2.1	4.9
Q1 2016*	2,999.5	1.8	5.3
Q4 2015*	3,414.9	n/a	4.9
Q3 2015*	2,877.3	n/a	5.2
Q2 2015*	2,917.5	n/a	5.0
Q1 2015*	2,946.5	n/a	5.0
Q4 2014	2,922.3	5.9	5.3
Q3 2014	2,414.0	4.7	5.7
Q2 2014	2,541.8	9.0	5.7
Q1 2014	2,382.0	4.6	5.8
Q4 2013	2,759.5	4.2	5.3
Q3 2013	2,306.0	3.6	5.7
Q2 2013	2,332.5	-5.1	5.5
Q1 2013	2,276.9	-0.7	5.9
Q4 2012	2,647.8	-0.6	5.2
Q3 2012	2,225.2	0.1	6.1
Q2 2012	2,457.9	4.1	5.8
Q1 2012	2,293.9	0.7	5.9
Q4 2011	2,665.1	-1.6	5.1
Q3 2011	2,222.6	-0.8	6.3
Q2 2011	2,360.4	-2.2	5.5
Q1 2011	2,278.9	1	5.6
Q4 2010	2,707.9	9.2	5.1
Q3 2010	2,240.1	13	5.5
Q2 2010	2,414.2	18.4	5.1
Q1 2010	2,255.6	10.3	6.1
Q4 2009	2479.7	-0.2	5.5
Q3 2009	1982	-18	6
Q2 2009	2039.5	-18	6
Q1 2009	2044.1	-17.3	6.4
Q4 2008	2485.3	-9.6	5.2
Q3 2008	2253.7	-6.6	6.1
Q2 2008	2469.4	-1.1	5.4
Q1 2008	2450.1	2.2	6.5
Q4 2007	2724.3	4.5	5.5
Q3 2007	2411.7	6.5	6.2
Q2 2007	2497.4	1.1	6
Q1 2007	2397.6	1.3	6.2
Q4 2006	2607.9	-2.2	5.4
Q3 2006	2263.9	-2.5	6.2
Q2 2006	2471.5	3.7	6
Q1 2006	2367.7	-2.4	6.4
Q4 2005	2667.5	-0.6	5.8
Q3 2005	2320.8	1.6	6.6
Q2 2005	2382.4	-1	6
Q1 2005	2427	10.3	6.7
Q4 2004	2682.7	5.5	6.2
Q3 2004	2285.2	7.1	7
Q2 2004	2407	7.4	6.6
Q1 2004	2201	4.6	7.2
Q4 2003	2543.8	3.6	6.6
Q3 2003	2133.1	0.9	7
Q2 2003	2240.2	1.2	6.5
Q1 2003	2103.9	2.4	6.7
Q4 2002	2454.5	7.2	6
Q3 2002	2113.1	4.3	6.7
Q2 2002	2213	1.4	6.3
Q1 2002	2054.1	-9.3	6.6
Q4 2001	2290.6	-9	6.2
Q3 2001	2026.8	-6	6.7
Q2 2001	2183.4	-9.4	6.3
Q1 2001	2264.1	5.7	6
Q4 2000	2516	5	6.4
Q3 2000	2156.5	6.2	6.7
Q2 2000	2411.1	15.5	6.5
Q1 2000	2142.1	12.4	6.3

Radio’s share of the Annual Display Market

Year	Total Display (M’s)	Year-on-Year Growth (%)	Radio Share (%)
MAT Q1 2023*	19154.7	0.5%	3.8%
MAT Q4 2022*	20,808.0	15.5%	3.5%
MAT Q3 2022*	20,190.5	20.4%	3.7%
MAT Q2 2022*	19,764.3	27.5%	3.8%
MAT Q1 2022*	19,063.5	42.0%	3.9%
MAT Q4 2021*	18,010.7	34.9%	4.0%
MAT Q3 2021*	16,766.3	26.4%	4.1%
MAT Q2 2021*	15,496.0	15.5%	4.2%
MAT Q1 2021*	13,423.6	-8.6%	4.2%
MAT Q4 2020*	13,349.6	-8.3%	4.3%
MAT Q3 2020*	13,262.9	-8.2%	4.3%
MAT Q2 2020*	13,410.6	-6.2%	4.5%
MAT Q1 2020*	14,689.8	5.5%	4.6%
MAT Q4 2019*	14,559.2	6.8%	4.8%
MAT Q3 2019*	14,448.9	7.8%	4.9%
MAT Q2 2019*	14,292.9	8.1%	5.0%
MAT Q1 2019*	13,919.3	6.7%	5.1%
MAT Q4 2018*	13,633.0	6.7%	5.2%
MAT Q3 2018*	13,397.4	6.8%	5.3%
MAT Q2 2018*	13,227.3	6.3%	5.3%
MAT Q1 2018*	13,039.5	5.4%	5.4%
MAT Q4 2017*	12,782.7	3.4%	5.3%
MAT Q3 2017*	12,542.5	1.8%	5.3%
MAT Q2 2017*	12,442.3	1.4%	5.3%
MAT Q1 2017*	12,367.4	1.3%	5.2%
MAT Q4 2016*	12,367.3	1.7%	5.2%
MAT Q3 2016*	12,326.7	5.7%	5.1%
MAT Q2 2016*	12,271.2	9.6%	5.1%
MAT Q1 2016*	12,209.2	12.8%	5.1%
MAT Q4 2015*	12,156.2	n/a	5.0%
MAT Q3 2015*	11,663.6	n/a	5.1%
MAT Q2 2015*	11,200.3	n/a	5.3%
MAT Q1 2015*	10,824.6	n/a	5.4%
MAT Q4 2014	10,260.1	6%	5.6%
MAT Q3 2014	10,097.3	5.6%	5.6%
MAT Q2 2014	9,989.3	5.3%	5.6%
MAT Q1 2014	9,780	1.8%	5.5%
MAT Q4 2013	9,674.9	0.5%	5.5%
MAT Q3 2013	9,563.2	-0.8%	5.5%
MAT Q2 2013	9,482.4	-1.6%	5.6%
MAT Q1 2013	9,607.8	0.7%	5.7%
MAT Q4 2012	9,624.8	1%	5.7%
MAT Q3 2012	9,642.1	0.8%	5.7%
MAT Q2 2012	9,639.5	0.5%	5.8%
MAT Q1 2012	9,542	-1%	5.7%
MAT Q4 2011	9,527.1	-0.9%	5.6%
MAT Q3 2011	9,569.8	1.9%	5.6%
MAT Q2 2011	9,587.3	5%	5.4%
MAT Q1 2011	9,641.1	10.1%	5.3%
MAT Q4 2010	9,617.81	12.6%	5.4%
MAT Q3 2010	9,389.60	9.8%	5.6%
MAT Q2 2010	9,131.52	3.5%	5.7%
MAT Q1 2010	8,756.77	-5.4%	5.9%
MAT Q4 2009	8,545.25	-11.5%	5.9%
MAT Q3 2009	8,550.87	-13.6%	5.8%
MAT Q2 2009	8,822.56	-12.3%	5.8%
MAT Q1 2009	9,252.54	-8.2%	5.7%

Industry Revenue Forecasts

The following details latest revenue forecasts, as published by the AA. Please note that Radiocentre does not compile its own forecasts of advertising expenditure.

Advertising Association – short-term forecasts

Figures are quoted in current prices. The AA calculation for display advertising is the same as that used by Radiocentre and includes agency commission but excludes production costs, directories and cinema. Radio revenues include Branded Content

Quarterly Data

	Radio Revenue (M's)	year-on-year growth	Total display revenue (M's)	year-on-year growth	% Radio share
Q4 22	212.8	1.48%	5688.8	5.89%	3.74%
Q1 23	186.0	0.00%	5032.2	4.83%	3.70%
Q2 23	172.8	3.29%	4974.8	5.26%	3.47%
Q3 23	196.6	2.77%	4986.3	5.03%	3.94%
Q4 23	217.8	2.35%	5927.9	4.20%	3.67%
Q1 24	190.2	2.26%	5288.8	5.10%	3.60%

Publication date: February 2022

Annual Data

	Radio Revenue (M’s)	year-on-year growth	Total display revenue (M’s)	year-on-year growth	% Radio share
2022	757.4	16.9%	19,962.8	16.9%	3.8%
2023	773.2	4.8%	20,921.2	4.8%	3.7%

Publication date: February 2022