Do Radio Stations Make A Lot Of Money?

Do Radio Stations Make A Lot Of Money? Do radio stations make a lot of money? According to Statista, radio stations in the US generated around $9.5 billion dollars in 2020. How much profit do radio stations make? Year Average station revenue 2017$18,508,000 2018 $18,234,000 2019 $18,144,000 2020 $13,866,000 Is owning a radio station profitable?