Radio’s recovery leaves FY20/21 revenues down just 2.4% on FY19/20

Commercial radio’s continued growth saw revenues lift 40.9% to $64.19 million year-on-year in the month of June, and left revenues for the full financial year 2020/21 only 2.4% below the prior financial year.

As reported by Deloitte and industry body Commercial Radio Australia (CRA), advertising revenue across metro commercial radio stations for FY20/21 was $627.776 million, just a tick below FY 19/20 with $643.046 million.