The turnover in the Television Programming and Broadcasting Activities sector in Finland has seen significant fluctuations over the years. Following a substantial increase from 2014 to 2016, reaching a peak in 2016, the sector experienced a sharp decline in 2017 and an even steeper drop in 2018. The turnover has consistently decreased since 2018, with minor variations from 2019 to 2020, and a steady downward trend continuing through to 2023.
In 2023, the turnover stood at 266.2 million Euros. Year-on-year, the sector witnessed a decrease of 5.3%. Over the past five years (2018-2023), the Compound Annual Growth Rate (CAGR) has been -4.88%, indicating an average annual decline in turnover. The forecasted turnover continues this downward trajectory, dropping further each year up to 2028.
Future trends to watch for include:
- The impact of digital streaming services overtaking traditional broadcasting.
- Technological advancements influencing content consumption habits.
- Shifts in advertising revenues as companies move their budgets to digital platforms.