iHeartMedia posts Q3 results, talks digital

iHeartMedia logo june 2015 canvasiHeartMedia released financial results for the third quarter. For iHeartMedia, revenue increased 1.2% to $10.2 million for the period. Consolidated revenue for the company dropped 0.6% due to lower revenue from the Americas outdoor division.

In announcing the results, iHeart’s leadership kept the focus forward on upcoming digital projects. “This quarter, we were excited to announce the reimagining of live radio with our two new subscription services, iHeartRadio Plus and iHeartRadio All Access, set to debut in January 2017,” Chairman and CEO Bob Pittman said. “In addition, at both iHeartMedia and outdoor, we continue to invest in programmatic buying platforms and research analytics tools to leverage our assets for the benefit of our marketing and advertising partners, and at Americas outdoor and International outdoor, we continue to realign our resources to expand our digital out-of-home networks.”

The company has still been light in terms of sharing detail about the forthcoming paid plans. iHeartRadio Plus is being pitched as a complement to other on-demand services, while iHeartRadio All Access seems like the more full on-demand platform of its own. More updates about feature sets and confirmed pricing will likely emerge in the coming months.

Anna Washenko

One Comment

  1. The released financial results is very nice and excited announce also. The report is more useful for the investors. Digital projects is getting upcoming years. The programmatic and good platform is possible here. You can get major analytics tools and major resources are available in online. The expand types of information and good subscriptions are to be shared for their readers. The updates and demanded projects to be access with here. Digital projects are mainly used by our reporter

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