Commercial radio ad revenue down for 2023: ‘Clearly there are pressures on the broader ad market’
Australian broadcast radio advertising revenue dropped 4% in 2023, as digital audio streaming and podcasting enjoyed a record year.
Broadcast radio ad revenue for 2023 across the five major metropolitan markets was $673.252 million, compared to $701.402 million in 2022. These figures exclude digital audio streaming and podcast revenue, which leapt by 27%.
