iHeartMedia Lags Behind Pandora, Spotify Online

Billboard: iHeartMedia revenue grew 2 percent to $847 million in the third quarter, according to the company’s earnings release. Registered users of the iHeartRadio streaming app grew 35 percent year over year to over 75 million. Total listening hours were up 21 percent in the quarter. Even with those gains, iHeartRadio lags behind two streaming giants, Pandora and Spotify. iHeartRadio’s August session starts were said to be 14.4 percent of Pandora and 23.3 percent of Spotify’s.