In 2023, magazine advertising spending in the United Kingdom fell to 503.3 million British pounds. In 2024, the medium is forecast to continue on the path of negative growth, with -5.1 percent that year, and in 2025 the growth will decrease by further 0.8 percent.
Shrinking print sales to blame?
Print sales of magazines in the UK also decreased over the same period. In 2011, there were 820 million copies sold. In 2018, the figure stood at just 373.8 million copies. This has of course had a considerable impact on magazine advertising revenue.
Ad spend up, print magazine ad revenue down
It is interesting to note that while magazine advertising revenue has been in decline, advertising spending in the UK generally has been increasing year after year, reaching over 23 billion British pounds in 2021, according to the latest forecasts. Many advertisers have shifted their focus and budget away from magazine advertising, and onto other media like digital and out-of-home. However, digital newsbrand advertising revenue has been on the rise.
Magazine advertising expenditure in the United Kingdom (UK) from 2011 to 2023
(in billion GBP)
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WARC. (April 25, 2024). Magazine advertising expenditure in the United Kingdom (UK) from 2011 to 2023 (in billion GBP) [Graph]. In Statista. Retrieved November 03, 2024, from https://www.statista.com/statistics/262725/magazine-advertising-revenue-in-the-uk/
WARC. "Magazine advertising expenditure in the United Kingdom (UK) from 2011 to 2023 (in billion GBP)." Chart. April 25, 2024. Statista. Accessed November 03, 2024. https://www.statista.com/statistics/262725/magazine-advertising-revenue-in-the-uk/
WARC. (2024). Magazine advertising expenditure in the United Kingdom (UK) from 2011 to 2023 (in billion GBP). Statista. Statista Inc.. Accessed: November 03, 2024. https://www.statista.com/statistics/262725/magazine-advertising-revenue-in-the-uk/
WARC. "Magazine Advertising Expenditure in The United Kingdom (Uk) from 2011 to 2023 (in Billion Gbp)." Statista, Statista Inc., 25 Apr 2024, https://www.statista.com/statistics/262725/magazine-advertising-revenue-in-the-uk/
WARC, Magazine advertising expenditure in the United Kingdom (UK) from 2011 to 2023 (in billion GBP) Statista, https://www.statista.com/statistics/262725/magazine-advertising-revenue-in-the-uk/ (last visited November 03, 2024)
Magazine advertising expenditure in the United Kingdom (UK) from 2011 to 2023 (in billion GBP) [Graph], WARC, April 25, 2024. [Online]. Available: https://www.statista.com/statistics/262725/magazine-advertising-revenue-in-the-uk/