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TextNow Adds iHeartRadio to the Free Flex Plan -- Stream Music and Radio Without Paying for Data

(Neutral)
(Very Positive)
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iHeartMedia (Nasdaq: IHRT) and TextNow announced that iHeartRadio is now included in TextNow's Free Flex Plan. Users get included 5G data to stream music and live radio via iHeartRadio without separate data charges, as part of TextNow's ad-supported, flexible wireless service and free eSIM activation.

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Positive

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Negative

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News Market Reaction – IHRT

-5.74%
16 alerts
-5.74% Session close to close
-4.9% Trough in 27 hr 49 min
$649.20M Market Cap
0.3x Rel. Volume

In the Jun 3 session, IHRT declined 5.74%, reflecting a notable negative market reaction. Argus tracked a trough of -4.9% from its starting point during tracking. Our momentum scanner triggered 16 alerts that day, indicating notable trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved -5.7% in the session following this news. A negative reaction despite another distri...
Analysis

The stock moved -5.7% in the session following this news. A negative reaction despite another distribution win would fit prior episodes where upbeat partnership news coincided with selling pressure, such as the LG and BFL announcements. The TextNow deal adds mobile reach and free streaming access but arrives after Q1 results that included $92.6M Adjusted EBITDA and free cash flow of -$114.5M. Weakness could reflect ongoing concern about cash generation even as the company expands its content ecosystem.

Key Figures

Q1 2026 Revenue: $884.2 million Revenue Growth: 9.6% year-over-year Adjusted EBITDA: $92.6 million +5 more
8 metrics
Q1 2026 Revenue $884.2 million Reported in Q1 2026 earnings release
Revenue Growth 9.6% year-over-year Q1 2026 vs prior-year quarter
Adjusted EBITDA $92.6 million Q1 2026, down 11.4%
Free Cash Flow -$114.5 million Q1 2026 free cash flow
2026 EBITDA Guidance $800 million Adjusted EBITDA Full-year 2026 guidance
2026 FCF Guidance $200 million free cash flow Full-year 2026 guidance
Q2 2026 EBITDA Guide $140–$160 million Q2 2026 Adjusted EBITDA guidance range
Free apps on TextNow 25+ apps Free data for 25+ apps in TextNow service

Historical Context

5 past events · Latest: Jun 02 (Positive)
Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Jun 02 Distribution partnership Positive -3.8% LG Radio+ added 850+ iHeartRadio stations to LG Smart TVs.
May 21 Content partnership Positive +2.7% Netflix to stream The Breakfast Club live on weekdays.
May 19 Sports partnership Positive -9.3% iHeartRadio named Official Audio and Radio Partner of BFL.
May 13 Sports media deal Positive +7.4% FOX’s FIFA World Cup 2026™ audio coverage to run on iHeart platforms.
May 11 Earnings update Neutral -11.7% Q1 revenue rose but Adjusted EBITDA fell and free cash flow was negative.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent content and distribution partnerships have produced mixed price reactions, with several positive headlines followed by negative moves.

Recent Company History

Over the last month, IHRT has focused on expanding iHeartRadio’s distribution and content reach through multiple partnerships. Deals with LG Radio+, Netflix’s live stream of The Breakfast Club, the Beach Football League, and FOX Sports’ FIFA World Cup 2026™ coverage all extended its audio footprint. Q1 2026 results showed revenue growth to $884.2 million but weaker Adjusted EBITDA and negative free cash flow. Today’s TextNow integration continues this theme of widening access to iHeartRadio across new platforms and devices.

Key Terms

esim, 5g data
2 terms
esim technical
"The launch also builds on TextNow's recent rollout of eSIM and flexible data plans"
An esim is a small, built-in electronic SIM card inside a phone, tablet or connected device that stores mobile network credentials digitally instead of using a removable plastic card. For investors it matters because it changes how carriers sell and manage subscriptions, lowers logistics costs for device makers, enables easier switching between networks or plans (including global roaming), and expands opportunities in Internet-of-Things connectivity and recurring revenue services.
5g data technical
"included 5G data access to stream music and live radio while on the go"
Data transmitted over 5G networks is the information—video, files, app traffic and machine signals—that moves across the latest generation of mobile networks. Think of 5G as a much wider, faster highway with shorter travel times; it lets devices exchange larger amounts of information nearly instantly and supports many more connected devices at once. For investors, 5G data usage matters because higher speed and capacity can drive new services, greater customer usage and revenue for carriers and hardware makers, while also requiring substantial network investment.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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iHeartRadio joins the growing roster of select apps included in TextNow's free data ecosystem

WATERLOO, ON, June 3, 2026 /PRNewswire/ -- TextNow, the original app-based mobile phone service redefining how people stay connected, announced today that iHeartRadio will become a select app included in its Free Flex Plan, giving customers included 5G data access to stream music and live radio while on the go.

The partnership marks TextNow's first major content integration and reflects the company's broader push to build a free content ecosystem into its wireless offering, giving customers a more flexible experience that aligns with how people actually use their phones today. Instead of locking people into rigid monthly plans, TextNow gives people the ability to activate data when they need it, scale it based on their lifestyle and stay connected on a reliable national 5G network.

The launch also builds on TextNow's recent rollout of eSIM and flexible data plans, making it faster and easier for people to activate service directly from the app. With iHeartRadio now included in the Free Flex experience, customers can activate a free eSIM and get immediate access to their music and radio catalog.

The integration is part of TextNow's larger strategy to create a more customizable wireless experience that gives people greater control over how they stay connected and when they choose to pay for data.

"People don't want their phone service locked into one rigid model anymore," said Derek Ting, CEO of TextNow. "At TextNow our mission is to make the old way of paying for a phone service obsolete. TextNow is continuing to find new ways to give customers more for free, and adding iHeartRadio to the Free Flex Plan is a perfect example of that in practice: more included, nothing owed. Music and streaming are part of everyday life, and this partnership is another step toward building a wireless experience that is more flexible, modern and built around how people actually use their phones."

With iHeartRadio, listeners can access thousands of live radio stations, playlists and personalized music stations across devices.

"iHeartRadio is built to be everywhere its listeners are -- in the car, at home, on the go, and now as part of their phone plan. TextNow is reaching millions of Americans who deserve the same access to great audio that everyone else has. This is the kind of partnership that puts listeners first, and we are proud to be TextNow's first audio content partner," said Michael Biondo, President, Business Development and Strategic Partnerships for iHeartMedia.

TextNow's Free Flex Plan includes nationwide talk and text, plus included 5G data access for select apps. Customers can upgrade their data plan when they need it without being tied to traditional monthly contracts or oversized wireless plans.

The iHeartRadio integration is now available to eligible Free Flex customers.

About TextNow
Founded in Waterloo, Ontario in 2009, TextNow is the largest ad-supported free wireless service in the United States, built on the belief that phone service should be more flexible, accessible and affordable for everyone. TextNow delivers wireless service through an app, giving customers unlimited talk and text, free data for 25+ apps and access to the same 5G network as the major carriers. Those who need more can add wireless data on their own terms by the day, week, or month, and remove ads with the Unlimited Plan. TextNow has offices in San Francisco and Waterloo, Ontario. For more information, visit textnow.com or find us free in the App Store and Google Play.

About iHeartMedia, Inc.
iHeartMedia, Inc. [Nasdaq: IHRT] is the leading audio media company in America, with nine out of ten Americans listening to iHeart broadcast radio in every month. iHeart's broadcast radio assets alone have a larger audience in the U.S. than any other media outlet and over four times the ad-enabled audience of the largest digital only audio service. iHeart is the largest podcast publisher according to both Podtrac and Triton, with more downloads than the next two podcast publishers combined, has the most recognizable live events across all genres of music, has the number one social footprint among audio players, has the highest-reach and most engaged influencers, and is the only fully integrated audio ad tech solution across broadcast, streaming and podcasts. The company continues to leverage its strong audience connection and unparalleled consumer reach to build new platforms, products and services. Visit iHeartMedia.com for more company information.

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/textnow-adds-iheartradio-to-the-free-flex-plan--stream-music-and-radio-without-paying-for-data-302790232.html

SOURCE TextNow

FAQ

What did iHeartMedia (NASDAQ: IHRT) announce with TextNow on June 3, 2026?

iHeartMedia and TextNow announced that iHeartRadio is now a select app in TextNow's Free Flex Plan. According to TextNow, this gives users included 5G data access to stream iHeartRadio music and live radio without paying separate data fees while on the go.

How does the TextNow Free Flex Plan work with iHeartRadio streaming?

The Free Flex Plan includes nationwide talk and text plus 5G data for select apps like iHeartRadio. According to TextNow, eligible users can stream thousands of iHeartRadio live stations and playlists using included data, then optionally upgrade paid data only when they need more.

Can TextNow Free Flex customers stream iHeartRadio without paying for data?

Yes, eligible Free Flex customers can stream iHeartRadio with included data instead of separate data charges. According to TextNow, iHeartRadio is part of its free data ecosystem, letting users listen to music and live radio on a national 5G network via the app-based service.

How do users access iHeartRadio on TextNow with a free eSIM?

Users can activate a free eSIM from the TextNow app and immediately access iHeartRadio's catalog. According to TextNow, its recent eSIM rollout makes it faster and easier to start service and use included 5G data for iHeartRadio streaming on compatible devices.

What is TextNow's Free Flex Plan and how is it different from traditional phone plans?

The Free Flex Plan offers nationwide talk and text, plus included 5G data for select apps. According to TextNow, customers avoid rigid monthly contracts, can scale paid data by lifestyle, and benefit from ad-supported free wireless service on the same 5G network major carriers use.

Why is the TextNow and iHeartRadio partnership important for IHRT listeners?

The partnership adds iHeartRadio streaming into a free, flexible wireless plan reaching millions of Americans. According to iHeartMedia, iHeartRadio is built to be everywhere listeners are, and this collaboration helps provide broader access to live radio, playlists, and personalized stations on mobile devices.