Bright offers a variety of choices when it comes to Audio formats. WAV and FLAC are lossless formats, thus granting the highest possible quality at the cost of additional memory. MP3 and OGG are both compressed and therefore the audio quality is reduced, however file sizes are significantly smaller.
All these file formats are supported on PC and Consoles therefore the export platform should not interfere with your choice of format. However, be aware that seamless audio tracks will not loop smoothly when using the MP3 file format (all other formats does not have this issue).