Out-of-Home Advertising Q1 Revenue Up 4.5%
Gail Chiasson, North American Editor
Out-of-home advertising revenue rose 4.5% in the first quarter of 2012 compared to the same period in 2011, accounting for more than $1.4 billion, according to the Outdoor Advertising Association of America. Washington, D.C..
The increase in revenue highlights steady positive year-over-year revenue growth since the second quarter of 2010- ie. eight consective quarters.
“The out-of-home industry continues to perform well each year,” says Nancy Fletcher, OAAA president & CEO. “Ad agencies and advertisers have realized the value OOH can offer when part of a comprehensive media plan.”
Miscellaneous Services and Amusements recorded the highest revenue dollar growth as the segment continues to lead OOH spending each quarter.
OOH ad revenue also grew in the Government, Politics & Organizations segment, which is expected to continue to grow as the election season nears.
“The political season kicks off earlier each election cycle,” says Stephen Freitas, OAAA chief marketing officer. “Political advertisers spent on OOH last year and have already proven OOH to be a strategic component in campaigns this year, with spending increases of more than 9% thus far. Both candidate and public issue ads will continue to increase spending in the coming months as political action groups and front runners prepare for the November elections.”
OAAA issues full industry pro forma revenue estimates that include, but are not limited to, Miller Kaplan and Kantar Media (which is not adjusted to reflect changes in data sources), and member company affidavits. Revenue estimates include billboard, street furniture, transit, alternative, and cinema advertising, as well as digital platforms for advertising spending.
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