HT&E radio revenues on the increase after soft July

ARN’s parent company, Here, There, and Everywhere (HT&E), revealed total radio revenues for Q3 are pacing at 6% to 8% as the same time last year following a soft July during its ASX Small and Mid-Cap conference yesterday.

Moreover, the company said growth continues to come from both metro and regional markets and, however, is weighted more toward metro markets, while briefing activity remains solid into Q4.

Last month, HT&E released its HY22 results, revealing that radio listening is at an ‘all-time high’, giving way to strong shareholder returns and favourable EBITDA.

The Group reported increased group radio revenues of 7% and 11% growth in EBITDA.

Revenue was reported to be up $63.5 million (58%), with a bolstered strong regional performance up 11%.

Revenues from ordinary activities of $172.0 million increased 58% and NPAT before exceptional items of $24.6 million rose 69% on the prior period, driven by the acquisition of 46 regional radio stations from Grant Broadcasters (ARN Regional) completed in January 2022, with the integration tracking ahead of schedule and deliverance of margin expansion.

ARN Group reported radio revenues up 7%, with digital up 6%.

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Emma Shepherd

Emma Shepherd was the acting deputy editor at Mumbrella who has over seven years of print and digital experience in the industry and has previously worked as a reporter for media outlets Bauer Media (now Are Media), Yahoo Australia, and a content strategist and writer for various independent marketing agencies.

topics ARN Australian Radio Network Here There and Everywhere HT&E

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