The turnover of television programming and broadcasting activities in Spain has exhibited fluctuating trends over the past years. In 2023, the turnover stood at 5.96 billion euros. The data highlights a significant growth phase from 2013 to 2019, interrupted by a decline in 2020 likely due to the COVID-19 pandemic. Recovery is evident, with 2021 showing a 9.92% increase, followed by a 6.64% rise in 2022 and a 5.01% increase in 2023. The average annual growth rate (CAGR) over the last five years is 2.11%.
From 2024 onwards, forecasted data suggests continued growth, albeit at a slower pace, with a forecasted 5-year CAGR of 1.57% and an overall growth rate of 8.09% by 2028.
Future trends to watch for:
- Impact of digital transformation and streaming services on traditional broadcasting turnover
- Potential economic fluctuations affecting advertising revenues
- Changes in consumer behavior and preferences toward content consumption
- Regulatory changes impacting the broadcasting industry