The results show that commercial radio advertising revenue rose from £254.7m in the year to 31 March 2016 to £267.1m in the year to 31 March 2017.
Total revenue rose from £276.2m to £302.6m, in part thanks to an £11.7m contribution from the music festivals acquired part-way through the year. The festivals’ full-year contribution will be much greater, according to the company.
The company changed its name from This is Global to Global Media & Entertainment early last year to reflect its widened activities.
Adjusted EBITDA rose 4.4% to £77.8m and the company, which is primarily debt-funded, reduced its net liablities from £455.6m to £347m.
Last month Campaign awarded Medium of the Year to Global in recognition for achievements such as increasing its audience across broadcast, online and social to a new high of 31 million.
