Radio industry advertising revenue picks up pace in FY25

The downturn in FY21 was sharp, with FM radio ad revenues plunging to ₹941 crore. Since then, the recovery has been steady. Revenues rose to ₹1,227 crore in FY22, climbed to ₹1,547 crore in FY23 and reached ₹1,776 crore in FY24, according to data submitted by private FM radio operators to the Telecom Regulatory Authority of India (Trai).