$3.3bn
$XXX.Xm
19,535
2,830
$X.Xbn
The Internet Radio Broadcasting industry's main revenue comes from online advertising from existing over-the-air radio stations and recommendation-based streaming platforms like Pandora. The industry doesn't include on-demand services like Spotify that let users select their music. Over the past five years, these platforms have become major competitors and have siphoned money and listeners away from the industry. The pandemic exacerbated this as consumers spent their money elsewhere while trapped indoors. With more people staying home, funds were redirected towards essential goods, streaming services and more interactive forms of home entertainment, causing a dip in advertising revenues for internet radio platforms reliant on commercial sponsors. Internet Radio Broadcasting industry revenue has inched downward at a CAGR of 0.6% over the past five years and is expected to total $3.5 billion in 2024 when revenue will jump by an estimated 2.6%.
Industry revenue has declined at a CAGR of 1.6 % over the past five years, to reach an estimated $3.3bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
Sirius Xm Radio Inc. | 1,318.7 | 292.8 | 22.2 | |
Iheartmedia, Inc. | 1,082.9 | 90.1 | 8.3 |
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Industry revenue is measured across several distinct product and services lines, including Terrestrial radio station online advertising, Online-only station advertising and Subscriptions. Terrestrial radio station online advertising is the largest segment of the Internet Radio Broadcasting in the US.
Demand for terrestrial radio station online advertising remains on top
Industry operators provide online streaming media distribution, including music and other audio programming. This industry only includes operators that control music recommendation and noninteractive internet radio platforms and generate revenue through subscription and advertising. This industry does not include subscription-based, on-demand online music streaming services.
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NAICS 51913 - Internet Radio Broadcasting in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
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The Pandora acquisition resulted in higher-than-average purchase costs, with SiriusXM paying over one-half of its revenue. This substantial investment aims to strengthen Siri...
Including values and annual change:
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The market size of the Internet Radio Broadcasting in the US industry in United States is $3.3bn in 2024.
There are 2,830 businesses in the Internet Radio Broadcasting in the US industry in United States, which has grown at a CAGR of 1.5 % between 2019 and 2024.
The market size of the Internet Radio Broadcasting in the US industry in United States has been declining at a CAGR of 1.6 % between 2019 and 2024.
Over the next five years, the Internet Radio Broadcasting in the US industry in United States is expected to grow.
The biggest companies operating in the Internet Radio Broadcasting market in United States are Sirius Xm Radio Inc. and Iheartmedia, Inc.
Terrestrial radio station online advertising and Online-only station advertising are part of the Internet Radio Broadcasting in the US industry.
The company holding the most market share in United States is Sirius Xm Radio Inc..
The level of competition is high and increasing in the Internet Radio Broadcasting in the US industry in United States.