Compound annual growth rate of revenue for media and advertising in Europe 2023
Compound annual growth rates can be used to measure a number of different factors including revenue, as in this example, but also income, customers, returns etc. As of January 2023, the CAGR in revenues over the last five years for the media and advertising sector in Western Europe have been highest in the entertainment industry (22.1 percent).
In terms of expected growth between 2023 and 2024, the entertainment industry has a forecast CAGR in revenue of approximately 62.4 percent.