iHeartMedia Reports Revenue Growth Driven by Podcasts Amid Soft Ad Market

iHeartMedia announced a nearly 10% increase in revenue, primarily attributed to its podcast business, though a soft advertising market negatively impacted its profits.

12 May, 01:05 — 12 May, 01:05

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billboardMostly Factual42d ago

iHeartMedia Revenue Up Nearly 10% on Podcast Business — But Soft Ad Market Hurts Profits

The radio company forecast growth in podcast revenue and political ad spending later this year.

By Elizabeth Dilts Marshall

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iHeartMedia Reports Revenue Growth Driven by Podcasts Amid Soft Ad Market

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iHeartMedia Revenue Up Nearly 10% on Podcast Business — But Soft Ad Market Hurts Profits

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