As before, listeners can also access ad-supported audio streams from more than 750 local Clear Channel stations and celebrity channels, in addition to videos and on-demand traffic reports. Version 2.3 of the IHeartRadio mobile app is currently available for iPhone, iPod touch, and BlackBerry smartphones.
The company says a version for Android is coming soon. IHeartRadio recently passed 7 million unique downloads, and usage continues to increase at a healthy clip, according to Clear Channel.
Clear Channel also said that streaming audio now accounts for 15% of all terrestrial (as opposed to satellite) radio listening.
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Like other big radio groups, Clear Channel is counting on mobile advertising and subscription revenues to drive future growth. However, digital ad revenues remain a relatively small part of the total business, according to the Radio Advertising Bureau.
In the first-quarter, digital ads contributed just $123 million or just 3.3% of total revenues of about $3.7 billion. For comparison, separate estimates have subscription revenues at $400-$500 million, indicating that these are still a more lucrative option for online radio sales.