On May 10, 1986, Sports Radio (first known as DZSR SportsCenter 738) was established under the leadership of former actor Jose Mari Gonzales who took over as the Interim Director of the Bureau of Broadcast Services (former name of PBS).

DZFM was converted at that time as a news and information station covering sports developments in the country.

The latter's former frequency was revived in 2020 as a DepEd TV simulcast and became Radyo Pilipinas 3 (RP3 Alert) in 2023, but then returned once more as the aformentioned above branding in January 2025.

[3] In March 2020, Radyo Pilipinas 2 temporarily went off-the-air amid the community quarantine imposed in Metro Manila due to COVID-19.

In January 2023, Radyo Pilipinas 2 acquired the rights to cover the Philippine Basketball Association on air.