OOH full year results rebounds with growth of 24 per cent

The Outdoor Media Association (OMA) has released the full year 2021 results for the Out of Home sector, revealing an increase in net media revenue from 2020.

It announced a total increase of 24 per cent on net media revenue in 2021 to $812.7 million, 
up from $655.2 million in 2020.

Digital Out of Home (DOOH) revenue fuelled growth, with revenue in this segment accounting for 58.8 per cent of total net media revenue year-to-date, an increase over the recorded 55.2 per cent for the same period last year.

All category figures saw an increase, showing signs of recovery from the effects of COVID-19.

Roadside Billboards (over and under 25 square metres) saw revenues of $360.4 million, up from $273.6 million.

Other roadside including street furniture, bus/tram externals and small format generated $190.8 million, up from $154.2 million last year.

Transport, including airports, raised $48 million, up from $62.4 million in 2020.

Lastly, the retail and lifestyle category brought in $213.4 million, an increase from $165 million in the year before.

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