CEO: iHeart Radio revenue 'hundreds of millions'

Jun 17, 2014 by Ryan Nakashima

Clear Channel CEO Bob Pittman says online streaming service iHeart Radio makes "hundreds of millions" of dollars in annual revenue.

That puts it in the range of Internet radio leader Pandora, which had $638 million in revenue last year.

Pittman revealed the figure in an interview about the service reaching a milestone of 50 million registered users and 97 million visitors in May.

Clear Channel Communications Inc., iHeart Radio's parent, was taken private in 2008. It reports its because of , but has never broken out the financial health of its digital streams.

Pittman said iHeart Radio would be a valuable company on its own, but it's just part of Clear Channel, which owns and billboards. The company had $6.24 billion in revenue last year.

Explore further: TuneIn adds way to hear 'recently started' songs

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Clear Channel to delay inserting ads into iHeart

Mar 28, 2012

(AP) -- Clear Channel CEO Bob Pittman says that the radio company will keep part of its iHeart Radio online service ad-free for at least a few more months, explaining that a consumer backlash against ads on Pandora Media ...

Clear Channel swipes at Pandora with iheart revamp

Jul 11, 2011

(AP) -- Radio station giant Clear Channel Communications Inc. is taking a swipe at online music service Pandora with a revamp of its iheartradio application that imitates Pandora's personalized listening experience but doesn't ...

TuneIn adds way to hear 'recently started' songs

May 07, 2014

Tired of flipping through the radio dial? Internet radio service TuneIn is offering a way to see which songs have just started on 100,000 radio stations around the world, allowing you to listen in soon after ...

Pandora tests advertiser-promoted stations

May 07, 2014

Popular Internet radio service Pandora on Wednesday began dabbling with boosting revenue by letting advertisers "promote" stations listeners might like.

Pandora listening up in face of iTunes Radio

Nov 05, 2013

People listened to Pandora's Internet radio service for a collective 1.47 billion hours in October, up 18 percent from a year ago, in the face of the launch iTunes Radio.

Clear Channel adds talk to iHeartRadio

Jul 24, 2013

(AP)—Clear Channel says it is adding talk shows and listener-generated content to iHeartRadio, expanding the online radio service's offerings beyond music.

Recommended for you

Sony's PlayStation 'gradually coming back'

Dec 27, 2014

Sony was still struggling Saturday to fully restore its online PlayStation system, three days after the Christmas day hack that also hit Microsoft's Xbox, reporting that services were "gradually coming back."

Uber broke Indian financial rules: central bank chief

Dec 27, 2014

India's central bank chief lashed out at Uber, already under fire over the alleged rape of a passenger, saying the US taxi-hailing firm violated the country's financial regulations by using an overseas payment ...

Taxi app Uber defies ban in Spain

Dec 26, 2014

Smartphone car-ride service Uber vowed Friday to keep operating in Spain despite a ban following a lawsuit by taxi drivers and said it would fight the case in court.

Sony film mess reflects gadgets-entertainment gap

Dec 26, 2014

Sony's iconic gadgetry and the star appeal of Hollywood may have appeared to be a perfect match when the electronics giant bought Columbia Pictures in 1989. A quarter century later, it's apparent that Sony ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.