iHeartMedia’s Digital Surge Drives Growth | Business and Finance News

iHeartMedia’s Q2 earnings soar with $977M in revenue, up 5%, and a stunning $46M in free cash flow — reversing last year’s negative figure. Their digital arm, especially podcasting, is exploding: $162M in podcast revenue (+20%) and now expanding into video via Netflix and Hulu. While traditional radio dipped slightly due to economic headwinds, the company is digitizing broadcast inventory to reverse that trend. Political ad spending is expected to power a strong second half, with full-year EBITDA guidance reaffirmed at $800M — proving their digital pivot is not just promising, it’s delivering. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/bb407ac9878379cb