Australian online advertising spend growth decelerates in 2022: IAB Australia
Australia’s online advertising expenditure reached $14.2 billion in the calendar year 2022. While the number marked a 9.1% increase year-on-year (YoY), it was a deceleration compared to the 36% increase reported in 2021.
The data was released in the IAB Australia Online Advertising Expenditure Report (OAER), prepared by PwC Australia. This marks the first time audio expenditure is reported in partnership with Commercial Radio & Audio (CRA).
CEO of IAB Australia, Gai Le Roy, said: “2022 had two distinct growth phases, with 15% for the first six months compared to 2021 and 4% growth in the second half of the year.