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Podcasting was certainly a bright spot for iHeartMedia in the third quarter of 2022. The company reported an increase in podcasting revenue of 42% for the months of July, August and September.
CEO Bob Pittman and CFO Rich Bressler said on the company earnings call Thursday that podcasting generated $91 million in revenue in their third quarter.
Total revenue for iHeartMedia came in at $989 million with cash flow of $103 million.
The Multiplatform division, which includes radio, generated $660 million in revenue, flat from one year earlier.