In 2023, the radio broadcasting industry’s gains from 2021 to 2022 were erased due to economic challenges, according to Radio Ink. Some of the largest radio companies in the United States experienced a decrease in earnings during this time.
iHeartMedia, the biggest radio operator in the country, saw a 5.5% decrease in revenue in 2023 compared to 2022, remaining 2.8% lower than 2021. Audacy, which owns 227 stations, made $1.3 billion in 2023, down 5.8% from 202
