CEO: iHeart Radio revenue 'hundreds of millions'

June 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: Clear Channel swipes at Pandora with iheart revamp

Related Stories

Clear Channel swipes at Pandora with iheart revamp

July 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 ...

Clear Channel to delay inserting ads into iHeart

March 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 adds talk to iHeartRadio

July 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.

Pandora listening up in face of iTunes Radio

November 5, 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.

TuneIn adds way to hear 'recently started' songs

May 7, 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 the tune starts.

Recommended for you

Facebook to test mobile app shopping tab

October 12, 2015

Facebook said Monday that it will begin testing a shopping tab for its mobile app as it works to ramp up advertising and online commerce offerings.


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.