Skip to the list

Radio and subscription audio

The 12 companies in this industry listed on the NYSE and Nasdaq are worth $23 bn combined; the largest are Tencent Music Entertainment Group (TME), Sirius XM Holdings (SIRI) and iHeartMedia (IHRT). For each one: what it does, revenue, margin, free cash flow over the last five years and a score from 0 to 10.

Data as of October 2026

Comfortable leader
12 companies value 23 bn revenue 19 bn margin 8.1% free cash flow 3.1 bn avg. score 1.8
TME holds 58.6% of the group's value, 1.5x the runner-up · SIRI leads the industry without being the largest
Rank Ticker Company Share Value Revenue Margin FCF 5 years FCF/px Yield What it does · why it is here
1 TME Tencent Music Entertainment Group
China · score 7.6
59% 14 bn 5.1 bn 27.1% 1.6 bn 12.0% 2.8% Music streaming and social karaoke in China · China — revenue of $5.1bn
2 SIRI Sirius XM Holdings
United States · score 6.0
39% 9.0 bn 8.6 bn 10.2% 1.6 bn 17.1% — SiriusXM satellite radio and podcasts · US satellite radio monopoly; a major Berkshire holding
3 IHRT iHeartMedia
United States · score 1.5
1% 0.2 bn 4.0 bn -7.2% 0.0 bn 15.5% 1.1% Radio, podcasts and audio media in the United States · Largest US radio network and the country's largest podcast producer
4 TSQ Townsquare Media, Inc.
United States · score 1.9
0% 0.1 bn 0.4 bn -11.8% 0.0 bn 21.1% — Local media: news, entertainment, music and lifestyle · New York — revenue of $425m
5 MDIA Mediaco Holding Inc.
United States · score 0.2
0% 0.1 bn 0.1 bn -48.9% 0.0 bn -0.6% — Multimedia: radio, TV, digital advertising and events · New York — revenue of $139m
6 SGA SAGA COMMUNICATIONS INC
United States · score 1.8
0% 0.1 bn 0.1 bn -8.5% 0.0 bn -1.9% 12.1% Radio, digital and online news · Michigan — revenue of $104m
7 PODC PodcastOne, Inc.
United States · score 2.4
0% 0.1 bn 0.1 bn -5.0% 0.0 bn 2.3% — Podcasts, a subsidiary of LiveOne · California — revenue of $63m
8 UONE URBAN ONE, INC.
United States · score 0.2
0% 0.0 bn 0.3 bn -19.0% 0.0 bn -4.0% — Multimedia for African American and urban audiences · Maryland — revenue of $354m
9 BBGI BEASLEY BROADCAST GROUP INC
United States · score 0.0
0% 0.0 bn 0.2 bn -55.7% -0.0 bn -188.1% — Radio-focused media · Florida — revenue of $191m
10 ANGH Anghami Inc
United Arab Emirates · score 0.0
0% 0.0 bn 0.1 bn -90.2% -0.0 bn -107.2% — Music and video streaming in the Arab world · United Arab Emirates — revenue of $99m
11 LVO LiveOne, Inc.
United States · score 0.0
0% 0.0 bn 0.1 bn -25.8% -0.0 bn -40.9% — Music, entertainment and live events platform · California — revenue of $77m
12 AUUD AUDDIA INC.
United States · score 0.0
0% 0.0 bn 0.0 bn -1204x -0.0 bn -134.1% — Audio app with AI-powered filtering · Colorado

Other industries in the same sector

and 2 industries more
What this is. A catalogue, not a guide. Every industry with stocks listed on the NYSE or NASDAQ, the companies contending for its leadership, what each one does according to its own annual report, and the balance sheet it filed with the SEC.

The score runs from 0 to 10 and compares each company with every other one in the almanac on cash generation, profitability, debt, dividends and consistency over the last five years. The higher it is, the better the company fares in that comparison. Curious how much each part weighs? Ask at the bottom of the page.

Have a question or a suggestion, or found a mistake?

Write here: a question about the score, a missing company or industry, a number that looks wrong. Every message is read, and the email is so I can reply.