According to figures produced by the Association of Communications Agencies (AKA) and published by Vedomosti, this was 22% more than in the same period in 2017.
At the same time, TV revenues increased by 12% to R131 billion and radio revenues by 1% to R11.7 billion and OOH was unchanged at R31.2 billion, of which outdoor accounted for R25.4 billion (+3%). Print advertising over the period fell by 10% to R13 billion.
The ad market as a whole was worth R328 billion in the first nine months of this year, or 13% more than in 2017.
TV ad revenue for 2018 is projected to be 10% higher than last year and to grow by a further 10% in 2019.