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Audio wins 28% of UK media hours but under 6% of revenue

Original title: Attention doesn’t equal revenues · McKinsey & Company · 18 Feb 2026

What does the data say about attention doesn’t equal revenues?

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Original chart: McKinsey & Company

So what

Share of attention is a poor proxy for share of wallet in UK media: audio captures 28% of 274 billion hours yet under 6% of £53 billion revenue, while live events earn 18% of revenue from under 1% of time. Players sitting on large audiences without pricing power must sharpen differentiation and monetisation models. Capital and talent should follow earnings pools and growth (social, gaming), not raw engagement.

Data sources
MAGNA; PQ Media; PwC; Omdia; Emarketer; McKinsey analysis
Authors
Andrew Goodman; Bogdan Toma; Jamie Vickers
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