In 2023, radio companies in the United States faced economic challenges that affected their revenues. Despite recovering from the impact of the COVID-19 pandemic, radio stations experienced a setback in their financial gains from 2021 to 2022.
Some of the largest radio companies reported a decrease in earnings in 2023. iHeartMedia, the largest radio operator, earned $2.15 billion from 870 stations, marking a 5.5% decrease from 2022 and 2.8% lower than 2021. Audacy, which owns 227 stations, made $1.3 billion in 2023, down 5.8% from 20
