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In 2024, the leading media company worldwide based on revenue was Alphabet Inc., with revenue of *** 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 *** 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 *** trillion U.S. dollars by 2027. 

The first-ranking Alphabet had a revenue of over *** billion euros in 2024. The U.S. is the most important regional market for Alphabet, generating over ** 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 ** hours per day consuming major media.