Largest media companies worldwide 2024

In 2024, the leading media company worldwide based on revenue was Alphabet Inc., with revenue of 323 billion euros. In second place was Meta Platforms Inc, followed by Bytedance, Comcast Corporation, and Amazon. 

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 2024, this industry had an accumulated value of approximately 2.9 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 3.4 trillion U.S. dollars by 2027. 

The first-ranking Alphabet had a revenue of over 323 billion euros in 2024. The U.S. is the most important regional market for Alphabet, generating over 40 percent of its revenue. Alphabet was followed by a fellow tech company, Meta, and by ByteDance, who owns TikTok. 

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 more than 12 hours per day consuming major media.