Report: Radio is the fastest growing medium

.

Radio is the fastest growing medium, with its 12.5% growth putting it ahead of the entire market including the internet, according to the latest Advertising Agency/WARC Expenditure Report released today.

Many of radio’s biggest advertisers hiked their spend on the medium significantly, with Asda doubling its investment while Sky spent three times as much as this time last year.

The figures reinforce continued strong performance by the sector, which kicked off the year with a record audience of 36 million listeners in Q1 2018.

Radiocentre’s Chief Executive Siobhan Kenny said: “Radio is on a roll, and the medium continues to build momentum. After announcing record revenues for commercial radio and highest ever audiences earlier this year, these latest figures are further proof that the Audio Revolution is in full swing.

“Advertisers are recognising the true scale of the impact radio has for their brands and investing accordingly, so this boom for our brilliant industry shows no signs of slowing.”

The report also revealed that UK advertising spend in Q1 2018 rose 5.9% year-on-year to reach £5.7bn, the 19th consecutive quarter of market growth and 1.3 percentage points ahead of forecast.



Don't forget, we can send you radio news via email direct to your inbox with a number of options. Just use the form below to register.

Get real time updates directly on you device, subscribe now.

Similar Stories
1 Comment
  1. Eric Wiltsher says

    An interesting piece for radio in general. Shame there is a flaw.
    How can they claim to know internet figures, that is basically a joke. Or worse still they are suggesting older forms of reaching an audience are the way they are measuring NetCasting.
    In truth NOBODY know the true figures for NetCasting.
    Or are the figures taken from ad spends? In which case it is still only a guess as NOBODY know the true spend of all forms of digital radio. Dear Mr/Mrs/Miss Netcaster, did they ask you? No I thought not.
    If this type of research gives people a warm cuddly felling, enjoy it.
    Is it perfectly accurate, nope.

Comments are closed.