JCDecaux has reported a revenue decline of 37% in the first three months of 2021, but a recovery in domestic travel audiences in Mainland China 'almost back to pre-COVID level' has driven a double-digit increase in transport revenue there, according to the latest company reports.
The out-of-home advertising company saw revenue fall 37.2% to €454.3m in Q1 2021, a rate of decline consistent to the two previous quarters – Q3 2020 was down 41.5% and Q4 2020 fell 38.0%.
Street furniture, the largest segment at €223.8m in Q1 2021, fell by 31.3% as a result of tougher mobility...