About iHeartMedia
iHeartMedia is a company based in San Antonio (United States) founded in 2009 by Billy McCombs and Lowry Mays.. iHeartMedia has raised $4.31 million across 5 funding rounds from investors including Citi. The company has 10,100 employees as of December 31, 2024. iHeartMedia has completed 13 acquisitions, including 1090 The Patriot, 96.5 Jack FM and KZOK. iHeartMedia offers products and services including Radio Broadcasting and Podcast Services.
- Headquarter San Antonio, United States
- Employees 10100 as on 31 Dec, 2024
- Founders Billy McCombs, Lowry Mays
- Stage Public
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Phone
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Website
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Social
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- Legal Name Iheartmedia, Inc.
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Annual Revenue
$3.85 B2.76as on Dec 31, 2024
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Net Profit
$-1.01 B8.41as on Dec 31, 2024
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EBITDA
$673.31 M1.87as on Dec 31, 2024
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Total Equity Funding
$4.31 M (USD)
in 5 rounds
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Latest Funding Round
$95 K (USD), Post-IPO
Feb 16, 2021
- Investors
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Employee Count
10100
as on Dec 31, 2024
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Investments & Acquisitions
1090 The Patriot
& 12 more
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IPO & Listings of iHeartMedia
iHeartMedia is a publicly listed company on the NASDAQ with ticker symbol IHRT in USA, operating in the Consumer services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of iHeartMedia
iHeartMedia offers a comprehensive portfolio of products and services, including Radio Broadcasting and Podcast Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Radio stations and networks are provided for content delivery and advertising purposes.
Podcasts are produced and distributed to reach global audiences through various platforms.
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Leadership Team
199 people
Software Development Team
148 people
Sales and Marketing
101 people
Human Resources and Administration
25 people
Senior Team
22 people
Operations Team
19 people
Finance and Accounting
19 people
Radio Team
16 people
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Funding Insights of iHeartMedia
iHeartMedia has successfully raised a total of $4.31M across 5 strategic funding rounds. The most recent funding activity was a Post-IPO round of $95 thousand completed in February 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Post-IPO — $95,000
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First Round
First Round
(25 Oct 2012)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2021 | Amount | Post-IPO - iHeartMedia | Valuation |
investors |
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| Jun, 2018 | Amount | Debt – Conventional - iHeartMedia | Valuation |
investors |
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| Jul, 2014 | Amount | Series A - iHeartMedia | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in iHeartMedia
iHeartMedia has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Citi. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Commercial banking and financial services are provided globally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by iHeartMedia
iHeartMedia has strategically engaged in corporate development activities, having acquired 13 companies. Notable acquisitions include 1090 The Patriot, 96.5 Jack FM and KZOK. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Radio broadcasting services are provided to audiences in Seattle.
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2018 | ||||
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Podcast audience analytics are delivered using device and demographic data.
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2018 | ||||
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Radio broadcasting services are provided in the United States.
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2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - iHeartMedia
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Iheartmedia Comparisons
Competitors of iHeartMedia
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Iheartmedia
Frequently Asked Questions about iHeartMedia
When was iHeartMedia founded?
iHeartMedia was founded in 2009 and raised its 1st funding round 3 years after it was founded.
Where is iHeartMedia located?
iHeartMedia is headquartered in San Antonio, United States. It is registered at San Antonio, Texas, United States.
Who is the current CEO of iHeartMedia?
Bob Pittman is the current CEO of iHeartMedia.
Is iHeartMedia a funded company?
iHeartMedia is a funded company, having raised a total of $4.31M across 5 funding rounds to date. The company's 1st funding round was a Series A of $4.31M, raised on Oct 25, 2012.
How many employees does iHeartMedia have?
As of Dec 31, 2024, the latest employee count at iHeartMedia is 10,100.
What is the annual revenue of iHeartMedia?
Annual revenue of iHeartMedia is $3.85B as on Dec 31, 2024.
What does iHeartMedia do?
iHeartMedia (formerly CC Media Holdings) is an American media company headquartered in San Antonio, Texas. It is the holding company of iHeartCommunications (formerly Clear Channel Communications), a company founded by Lowry Mays and B. J. Red McCombs in 1972. iHeartMedia specializes in radio broadcasting through division iHeartMedia and subsidiary iHeartMedia and Entertainment. The company owns more than 850 full-power AM and FM radio stations in the U.S., making it the nations largest owner of radio stations. In November 2006, Clear Channel announced that it was going private and selling off almost one-third of its radio assets, according to The Washington Post and DHM. The buyers, led by Bain Capital Partners and Thomas H. Lee Partners, agreed to pay 26.7 billion for the company. In 2019, the company recorded annual revenues of 4.3B, and a net profit of 9.5B.
What products or services does iHeartMedia offer?
iHeartMedia offers Radio Broadcasting and Podcast Services.
Is iHeartMedia publicly traded?
Yes, iHeartMedia is publicly traded on NASDAQ under the ticker symbol IHRT.
How many acquisitions has iHeartMedia made?
iHeartMedia has made 13 acquisitions, including 1090 The Patriot, 96.5 Jack FM, and KZOK.
Who are iHeartMedia's investors?
iHeartMedia has 1 investor. Key investors include Citi.
What is iHeartMedia's ticker symbol?
The ticker symbol of iHeartMedia is IHRT on NASDAQ.