Advertising revenue for Transport for London (TfL) has continued to rise, reaching £152.1 million in the fiscal (FY) 17/18 period (year ending 31 March), organisational reports show. The latest figures see the government body's advertising revenue reach its third highest level, just £100,000 below FY 13/14 in second place.
Historically, TfL's advertising revenue has undergone consistent and strong growth, recording a compound annual growth rate of 12.8% between FY 02/03 and FY 14/15. However, the government body then saw a dramatic drop in advertising revenue, falling £49.4 million from the £169.5 million generated in FY 14/15. No explanation for this...