Revenue
10.0% of sector revenue
26 companies earned 45.81m€ in 2025, 10.0% of Arts & entertainment sector revenue. Revenue has grown 2.0× since 2015.
10.0% of sector revenue
8 with at most one employee
Largest employer: JP RT Crne Gore - Podgorica (743)
Median company 5.1% · 58% profitable
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
Revenue change vs 2024, companies with at least 1m€ that year
Ranked by total revenue · Showing 1–26 of 26
* Avg payroll cost per employee per month = wages, wage compensation and other personnel expenses from the income statement (AOP 211: net wages, taxes and contributions on wages including the employer's, and other personnel expenses) / employees / 12. It is not an employee's gross or net salary; reporting errors can move it significantly, and values below 300€ a month are not shown. How we calculate →
The activity title is the code's title in the KD 2010 classification (NACE Rev. 2), which applies to every year shown. The registry now shows titles from the new classification for the same codes, so titles can differ.
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 23,443,593€ | 16 |
| 2016 | 21,717,186€ | 16 |
| 2017 | 20,684,625€ | 19 |
| 2018 | 22,427,538€ | 17 |
| 2019 | 24,593,899€ | 19 |
| 2020 | 26,435,355€ | 22 |
| 2021 | 31,731,879€ | 24 |
| 2022 | 31,424,545€ | 27 |
| 2023 | 35,590,856€ | 30 |
| 2024 | 39,577,972€ | 29 |
| 2025 (Preliminary) | 45,813,173€ | 26 |
Employees and payroll cost per employee per month*
7.7% |
| 3,507,277€ |
| +5.9% |
| 869,859€ |
| 24.8% |
| 74 |
| 1,725€ |
| 3 | Radio Televizija Podgorica03328139 · Podgorica | 6.1% | 2,802,973€ | +38.3% | 134,492€ | 4.8% | 114 | 1,321€ |
| 4 | Ast02650860 · Podgorica | 5.2% | 2,371,092€ | +2.0% | 182,828€ | 7.7% | 65 | 1,462€ |
| 5 | Radio i Televizija Nikšić02896303 · Nikšić | 4.5% | 2,051,904€ | +25.1% | 127,168€ | 6.2% | 65 | 1,342€ |
| 6 | Lipa Media03406474 · Danilovgrad | 4.0% | 1,826,615€ | +15.6% | -1,644,811€ | -90.0% | 100 | 1,834€ |
| 7 | Mnesport03451534 · Podgorica | 3.1% | 1,424,666€ | +24.6% | 257,635€ | 18.1% | 9 | 2,263€ |
| 8 | Nova M02369249 · Podgorica | 3.1% | 1,415,657€ | +3.8% | -379,239€ | -26.8% | 54 | 1,326€ |
| 9 | Radio Televizija Budva02005492 · Budva | 2.9% | 1,318,488€ | +15.8% | -22,633€ | -1.7% | 66 | 1,368€ |
| 10 | Lokalni Javni Emiter Radio Televizija Pljevlja02908522 · Pljevlja | 2.0% | 935,576€ | +61.0% | 251,729€ | 26.9% | 32 | 1,276€ |
| 11 | Mir &Teuta02385350 · Ulcinj | 1.6% | 714,541€ | +2.9% | 108,142€ | 15.1% | 14 | 1,072€ |
| 12 | Radio Televizija Rožaje02288699 · Rožaje | 1.0% | 454,108€ | +79.6% | 129,051€ | 28.4% | 26 | 947€ |
| 13 | Radio i Televizija Cetinje02879930 · Cetinje | 0.6% | 257,725€ | +11.9% | 12,168€ | 4.7% | 16 | 1,062€ |
| 14 | Adria TV03320260 · Podgorica | 0.4% | 189,236€ | -38.1% | -604,130€ | -319.2% | 50 | 1,077€ |
| 15 | A Media Invest03346285 · Podgorica | 0.2% | 106,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 99,058€ | 93.5% | 1 | 448€ |
| 16 | S-Mediji02881519 · Podgorica | 0.2% | 104,177€ | +80.0% | 13,783€ | 13.2% | 5 | 1,175€ |
| 17 | PGM Live CG03248917 · Podgorica | <0.1% | 43,308€ | +138.3% | 13,237€ | 30.6% | 1 | 678€ |
| 18 | Media Go03370216 · Podgorica | <0.1% | 41,432€ | +39.1% | 2,215€ | 5.3% | 2 | 1,231€ |
| 19 | Art Media Group Montenegro03547990 · Podgorica | <0.1% | 31,400€ | +77.2% | 1,482€ | 4.7% | 1 | 829€ |
| 20 | Dipafons03639436 · Podgorica | <0.1% | 16,250€ | +92.2% | -1,807€ | -11.1% | 1 | 1,297€ |
| 21 | Antena M Broadcasting03691098 · Podgorica | <0.1% | 6,500€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -73,338€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 995€ |
| 22 | FMTV03622835 · Podgorica | <0.1% | 405€ | -86.4% | -16,546€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 1,498€ |
| 23 | Burak International03270866 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -13,146€ | — | 1 | 928€ |
| 24 | A Plus Media Group02296721 · Podgorica | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 25 | Play International03248844 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,179€ | — | 1 | 677€ |
| 26 | Sweet TV Group Me03598152 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,145€ | — | 1 | 926€ |