The operating revenue for private radio broadcasting in Canada has shown a consistent decline from 2013 to 2023, decreasing from CAD 1.625 billion to CAD 1.0592 billion. The year-on-year variation for 2023 was -5.17%. Over the last two years, the operating revenue dropped from CAD 1.1169 billion in 2022 to CAD 1.0592 billion in 2023. The compound annual growth rate (CAGR) over the last five years was -6.93%. Projections indicate a continuing downward trend, with a forecasted 5-year CAGR of -4.84%, leading to a 21.97% decline by 2028. Future trends to watch for include shifts in consumer media consumption patterns, digital transformation in broadcasting, and changes in advertising revenue streams.
