iHeartMedia

iHeartMedia, Inc. engages in the provision of media and entertainment services. It operates through the following segments: Multiplatform Group, Digital Audio Group, and Audio and Media Services Group. The Multiplatform Group segment consists of Broadcast radio, Networks and Sponsorships and Events businesses. The Digital Audio Group segment focuses on the Digital businesses, including Podcasts. The Audio and Media Services segment includes Katz Media Group (“Katz Media”), the company's full-service media representation business, and RCSSound Software (RCS), a provider of scheduling and broadcast software and services. The company was founded by L. Lowry Mays and B. J. McCombs in May 2007 and is headquartered in San Antonio, TX.

Earnings data Q4 2020

Earnings data Q1 2021

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Earnings data Q4 2023

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Earnings data Q3 2024

iHeartMedia achieves record Q4 earnings, eyes digital growth amid challenges

iHeartMedia's Q4 2022 earnings call showcased exceptional financial performance, operational efficiency gains, and strategic initiatives positioning the company for long-term success. While facing near-term revenue challenges and margin pressures from low-margin businesses, iHeartMedia remains focused on growth opportunities in digital audio and broadcast radio.

iHeartMedia surpasses Q1 expectations, eyes podcasting growth and efficiency

iHeartMedia's Q1 performance exceeded expectations, with strengths in podcasting and market positioning offsetting challenges in the Multiplatform Group.
The company's focus on revenue growth, cost management, and technology investments align with opportunities in podcasting, marketplaces, and operational efficiency.
While facing revenue declines and cash flow challenges, iHeartMedia remains optimistic about future performance, driven by podcasting, streaming, and AI initiatives.
Management's emphasis on financial discipline, margin improvements, and efficiency enhancements underpin iHeartMedia's strategy for sustained growth and market leadership.

iHeartMedia reports solid Q2 performance, eyes strong Q4 recovery

iHeartMedia delivered a solid Q2 performance meeting adjusted EBITDA guidance and generating positive free cash flow. The company faces challenges with revenue declines and a significant impairment charge but anticipates a strong Q4 recovery.
Strengths lie in financial discipline, strategic marketing prowess, and effective consumer engagement strategies. Opportunities include leveraging digital channels, enhancing data capabilities, and capitalizing on podcasting's engagement potential.
Navigating challenges while capitalizing on opportunities will be key for iHeartMedia's growth and resilience. The company's strategic foresight and market understanding position it well for the future despite short-term hurdles.
Investments in data capabilities, digital channels, and maintaining positive free cash flow will be crucial for iHeartMedia's success amidst evolving market dynamics and competition.

iHeartMedia surpasses Q3 expectations with strong podcasting and digital growth

iHeartMedia's Q3 performance exceeded expectations, driven by strong podcast and digital revenue growth.
While facing challenges in Q4, the company remains confident in its growth trajectory for 2024.
Strategic focus on podcasting, AI, and event monetization positions iHeartMedia for continued success.
Efforts to optimize costs and diversify revenue streams are key priorities for sustained growth.

iHeartMedia reports strong Q4 results, eyes growth in digital audio

iHeartMedia's Q4 performance was solid, with a focus on digital growth and profitability enhancements.
While facing challenges in certain segments, the company is strategically positioned to capitalize on opportunities in broadcast radio and podcasting.
Investors can look forward to a recovery year in 2024, marked by growth initiatives and improved financial performance.

iHeartMedia meets Q1 targets, eyes podcast growth for future success

iHeartMedia's Q1 performance aligned with expectations, with a focus on podcasting growth.
While facing revenue challenges in some segments, the company maintains financial stability.
Opportunities lie in leveraging podcasting momentum and enhancing revenue diversification.
Strategic cost management and digital innovation are key for sustained growth and profitability.

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NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (Nasdaq:IHRT) today issued the following statement regarding approval of iHeartMedia's pending applications to acquire certain radio stations, and the temporary shareholder restrictions required by the FCC to be imposed upon Global Media & Entertainment Investments Ltd (“GMEI”) in connection with those approvals: “iHeartMedia values its shareholder relationships and we welcome all new shareholders to iHeartMedia. However, because GMEI is a foreig

iHeartMedia Statement on the FCC's Conditional Approval of Its Pending Radio Station Acquisitions

Minnie Driver brings her curiosity to the podcast world, partnering with iHeartMedia to launch Minnie Questions with Minnie Driver. In her intimate talk show-style podcast, the Will & Grace and Speechless actress will ask an array of celebrity guests the same seven “mini” questions to uncover larger truths and help listeners understand themselves and the...

Minnie Driver Partners With iHeartMedia For “Minnie Questions With Minnie Driver” Podcast

iHeartMedia is priced as a struggling radio company, while it is profitable and has a collection of market-leading streaming assets. Its transformation from traditional business to digital/streaming audio business is well underway and is evident by its quarterly report.

iHeartMedia: My Uncommon Streaming Media Conviction Pick

iHeartMedia (IHRT) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

iHeartMedia (IHRT) Moves 11.1% Higher: Will This Strength Last?

Why IHeartMedia Stock Was Climbing Today

NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (NASDAQ: IHRT) announced today that Bob Pittman, Chairman and Chief Executive Officer, and Rich Bressler, President, Chief Operating Officer & Chief Financial Officer, will participate in a question and answer session during Deutsche Bank's “29th Annual Media, Internet & Telecom Conference 2021” on Wednesday, March 10, 2021 at 1:00 p.m. ET. A live webcast of the session will be available to the general public through a link on the Investors h

iHeartMedia Chairman and Chief Executive Officer Bob Pittman and President, Chief Operating Officer & Chief Financial Officer Rich Bressler to Participate in Deutsche Bank's 29th Annual Media, Internet & Telecom Conference 2021

SEATTLE, March 3, 2021 /PRNewswire/ -- The Seattle Kraken and Climate Pledge Arena today announced a multi-year partnership with iHeartMedia Seattle that will benefit both hockey and music and entertainment fans across the Pacific Northwest. Beginning with the Kraken's inaugural 2021-2022...

The Seattle Kraken and Climate Pledge Arena Announce Regional Partnership with iHeartMedia Seattle

iHeartMedia (IHRT) saw a big move last session, as its shares jumped nearly 7% on the day, amid huge volumes.

iHeartMedia (IHRT) Looks Good: Stock Adds 6.6% in Session

iHeartMedia (IHRT) CEO Robert Pittman on Q4 2020 Results - Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (NASDAQ: IHRT), the leading audio company in America by reach, announced today a new operating structure under which its Digital Audio Group business, which includes its successful iHeartRadio digital service as well as its industry-leading podcasting business, will publicly report its financials separately from its Multiplatform Group business, which includes its broadcast radio assets. Each group will now operate as a separate reportable segment wi

iHeartMedia Announces New Business Operating Structure

NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (Nasdaq: IHRT) today reported financial results for the quarter and year ended December 31, 2020. Financial Highlights: Q4 Results: Strong Sequential Improvement Continues Q4 Revenue of $936 million down 9% YoY, improving from down 22% YoY in Q3 and 47% YoY in Q2, and a 26% increase from $744 million in Q3 Q4 Revenue benefited from strong digital growth of 53% YoY (Podcast Revenue increased 100% YoY) and significant political advertising GAAP Operati

iHeartMedia, Inc. Reports Results for 2020 Fourth Quarter and Full Year

NEW YORK--(BUSINESS WIRE)--BIN: Black Information Network, the first and only 24/7 national and local all news audio service dedicated to providing an objective, accurate and trusted source of continual news coverage with a Black voice and perspective, announced today that it has joined with the Ad Council and COVID Collaborative to help kick off their “It's Up To You” COVID-19 vaccine education initiative. Despite the disproportionate impact of COVID-19 on communities of color there are extrem

BIN: Black Information Network and The Ad Council Team up With BIN Founding Partners Bank of America, CVS Health, Lowe's, McDonald's USA, Sony, 23andMe and Verizon for “It's Up To You” Vaccine Education Week

Triton Digital is a digital audio infrastructure company that will help iHeartMedia tie together its broadcast radio, Internet radio, and podcasting businesses into an integrated offering for advertisers.

IHeartMedia Acquires Triton Digital To Consolidate Its Dominance Of Ad-Based Audio

IHeartMedia said Wednesday it's buying Triton Digital, a leading ad tech provider in the podcast and audio space, from E.W. Scripps Company for $230 million. As an explosion of podcasts is accompanied by deals to monetize them effectively, Triton will help provide audio content to producers and advertisers with full ad service packages for streaming...

IHeartMedia Buys Ad Tech Firm Triton Digital From E.W. Scripps For $230M To Bolster Podcast Biz

E. W. Scripps

The E.W. Scripps Co. (NASDAQ: SSP) announced Wednesday the sale of its Triton Digital subsidiary to iHeartMedia (NASDAQ: IHRT) for $230 million. What Happened: Scripps acquired Triton, a Los Angeles-based digital audio technology and advertising company, in 2018 for $150 million.

Scripps Sells Triton Digital To iHeartMedia For $230M

NEW YORK--(BUSINESS WIRE)--iHeartMedia (NASDAQ: IHRT), the No. 1 audio company in America and the No. 1 podcast publisher globally, today announced it has entered into an agreement with The E.W. Scripps Company (NASDAQ: SSP) to acquire Triton Digital®, the global technology and services leader to the digital audio and podcast industry, for $230 million, subject to certain adjustments.* With this acquisition, iHeartMedia will now be able to provide audio content to producers and advertisers with

iHeartMedia, the #1 Podcast Publisher, to Acquire Triton Digital

NEW YORK--(BUSINESS WIRE)--iHeartRadio, the No. 1 podcast publisher globally according to Podtrac, today announced iHeart 3D Audio and its strategic expansion into binaural podcasting, an innovative new method of producing podcasts that places listeners into the middle of an audio soundscape, immersing them in the story like never before. Tapping into the potential of innovative 3D audio, iHeartMedia will debut a captivating new slate of podcasts, cementing itself in this category of experienti

iHeartMedia Announces Groundbreaking iHeart 3D Audio, Innovative New Slate of Podcasts Using Binaural Audio Technology

iHeartMedia (IHRT) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why iHeartMedia (IHRT) Might Surprise This Earnings Season

NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (NASDAQ: IHRT) announced today that on Thursday February 25th, 2021, it will issue financial results for the quarter ending December 31, 2020. The company will conduct a conference call at 4:30 p.m. (ET), following the release of its earnings announcement. A live audio webcast of the call will be available on the Investors homepage of iHeartMedia's website (https://investors.iheartmedia.com/) beginning at 4:30 p.m. (ET) on February 25th. The conferen

iHeartMedia, Inc to Report Quarterly Financial Results on February 25, 2021

NEW YORK--(BUSINESS WIRE)--iHeartMedia announced today that Yesenia Bello has been named iHeartMedia's first Senior Vice President of Diversity and Inclusion, effective immediately. Bello will report to Michele Laven, iHeart's Chief Human Resources Officer and Chief Diversity Officer. In this new role, Bello will work closely with Laven and iHeartMedia's executive leadership and Human Resources divisions to drive comprehensive long-term and measurable diversity and Inclusion strategies across i

iHeartMedia Names Yesenia Bello Senior Vice President of Diversity and Inclusion

NEW YORK--(BUSINESS WIRE)--iHeartMedia, the number one audio company in the United States, announced today the launch of “iHeartRadio's Living Black!” spotlighting the power of Black culture yesterday, today and tomorrow throughout Black History Month in February. The nationwide on-air celebration will feature the first-ever “iHeartRadio's Living Black!” special event with performances by Roddy Ricch, 21 Savage, Jhené Aiko, Kirk Franklin and more of today's biggest Hip-Hop, R&B and Gospel m

iHeartMedia Announces “iHeartRadio's Living Black!” Special Event and National On-Air Celebration of Black Culture and Impact in America

NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (Nasdaq: IHRT), the number one audio company in America, today completed an exchange of iHeartMedia Warrants into shares of iHeartMedia Class A Common Stock, the Company's publicly traded equity, or Class B Common Stock. As of December 31, 2020, there were approximately (i) 65 million shares of Class A Common Stock, (ii) 7 million shares of Class B Common Stock, and (iii) 75 million Warrants outstanding. Following the exchange, there will be approxim

iHeartMedia, Inc. Completes Scheduled Exchange of Warrants for Shares of Common Stock

iHeartMedia continues to rebound as business returns heading into 2021. The company continues to grow the podcasts business which has the potential to monetize at much higher rates.

iHeartMedia: 2021 Play

NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (Nasdaq: IHRT) announced today that Jordan Fasbender, the company's Deputy General Counsel, has been named Executive Vice President, General Counsel and Secretary effective January 1, 2021. Fasbender will report to Bob Pittman, Chairman and CEO of iHeartMedia, Inc. and Rich Bressler, President, COO and CFO of iHeartMedia, Inc. She will succeed Paul McNicol; McNicol, who intends to retire at the end of 2021, will remain with the company as Executive V

iHeartMedia Names Jordan Fasbender Executive Vice President, General Counsel and Secretary

ViacomCBS

Discovery

Discovery Communications

Shares of ViacomCBS Inc. , Discovery Communications Inc. , and iHeartMedia Inc. are falling in Friday morning trading after Bank of America analyst Jessica Reif Ehrlich downgraded the stocks to underperform. She previously had neutral ratings on shares of Viacom and iHeartMedia, and she had a buy rating on Discovery's stock.

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