The operating revenue for public and non-commercial radio broadcasting in Canada has shown a varied trend over the past decade. Between 2013 and 2015, revenue declined consistently, followed by a modest recovery from 2016 to 2017. A significant increase was seen in 2018 and steady growth until 2020. The year 2021 marked a substantial 10.8% year-on-year increase, the highest in the series, but 2022 saw a notable fall of 11.3%. As of 2023, revenue stands at CAD 434.24 million, reflecting a 5.8% year-on-year increase. The five-year CAGR leading to 2023 is 1.34%.
Future trends to watch for include:
- The forecasted continued growth with a five-year CAGR of 1.54% up to 2028.
- A particular focus on reaching an estimated CAD 478.45 million by 2028, marking an overall growth rate of 7.94% from 2023.
- Potential impacts of digital transformation and evolving listener preferences on revenue streams.