In 2023, the leading media company worldwide based on revenue was Alphabet Inc., with revenue of 284 billion euros. In second place was Meta Platforms Inc, followed by Comcast Corporation, Bytedance, and Walt Disney.
Media market - additional information
The global entertainment and media market has a high value, considering it is made up of television, radio, internet, newspaper and in general technology-based companies. In 2023, this industry had an accumulated value of approximately 2.4 trillion U.S. dollars. Projections for this market are optimistic as this industry is expected to increase its value over the next years, potentially reaching a revenue of 2.7 trillion U.S. dollars by 2027.
The first-ranking Alphabet had a revenue of over 284 billion euros in 2023. The U.S. is the most important regional market for Alphabet, generating over 40 percent of its revenue. Alphabet was followed by a telecommunications giant Comcast and by a fellow tech company, Meta. The U.S. is also a major market for Comcast, as they hold more than 20 percent of the pay TV market share in the U.S..
The majority of the leading media companies in the world are U.S.-based companies. Indeed, media has a major role in the daily life of Americans. On average, a consumer in the U.S. spent an more than 790 minutes per day consuming major media.
Leading media companies worldwide in 2023, by revenue
(in billion euros)
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Institut für Medien- und Kommunikationspolitik. (April 19, 2024). Leading media companies worldwide in 2023, by revenue (in billion euros) [Graph]. In Statista. Retrieved October 07, 2024, from https://www.statista.com/statistics/272469/largest-media-companies-worldwide/
Institut für Medien- und Kommunikationspolitik. "Leading media companies worldwide in 2023, by revenue (in billion euros)." Chart. April 19, 2024. Statista. Accessed October 07, 2024. https://www.statista.com/statistics/272469/largest-media-companies-worldwide/
Institut für Medien- und Kommunikationspolitik. (2024). Leading media companies worldwide in 2023, by revenue (in billion euros). Statista. Statista Inc.. Accessed: October 07, 2024. https://www.statista.com/statistics/272469/largest-media-companies-worldwide/
Institut für Medien- und Kommunikationspolitik. "Leading Media Companies Worldwide in 2023, by Revenue (in Billion Euros)." Statista, Statista Inc., 19 Apr 2024, https://www.statista.com/statistics/272469/largest-media-companies-worldwide/
Institut für Medien- und Kommunikationspolitik, Leading media companies worldwide in 2023, by revenue (in billion euros) Statista, https://www.statista.com/statistics/272469/largest-media-companies-worldwide/ (last visited October 07, 2024)
Leading media companies worldwide in 2023, by revenue (in billion euros) [Graph], Institut für Medien- und Kommunikationspolitik, April 19, 2024. [Online]. Available: https://www.statista.com/statistics/272469/largest-media-companies-worldwide/