Outdoor ad revenue up 10% on last year
The outdoor media industry continues to track well in terms of year-to-date net revenue growth, recording a 10 per cent rise on last year’s results – from $299 million to $329 million.
Outdoor media companies benefited from a strong start to the year. However, the third quarter comparisons were softer, rising 3 per cent from $108 million to $111 million.
Helen Willoughby, CEO of the Outdoor Media Association said that, “There has been significant investment made by operators in research and development over the past number of years, culminating in new products and technologies aimed at enhancing the consumer experience that have positioned the industry well for the long term.
“And most importantly we are getting closer to introducing the first industry-wide audience measurement system for outdoor media in Australia which will give media buyers and advertisers greater confidence in reach of their campaigns.”
Outdoor Media Association
http://www.oma.org.au/
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