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 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

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) 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 the Goldman Sachs 29th Annual Communacopia Conference on Wednesday September 16, 2020, at 1:15 p.m.

iHeartMedia Chairman and Chief Executive Officer Bob Pittman and President, Chief Operating Officer & Chief Financial Officer Rich Bressler to Participate in Goldman Sachs 29th Annual Communacopia Conference

ViacomCBS

ViacomCBS (VIAC) inks three-year deal with iHeartMedia to produce original podcasts and more in an attempt to strengthen its position among other competitors in the podcasting industry.

ViacomCBS (VIAC) Inks 3-Year Podcast Deal With iHeartMedia

NEW YORK--(BUSINESS WIRE)--ViacomCBS Entertainment & Youth Group announces three-year partnership with iHeartMedia, the biggest global commercial podcasting publisher

ViacomCBS Entertainment & Youth Group Announces Three-Year Partnership with iHeartMedia, the Biggest Global Commercial Podcasting Publisher

iHeartMedia Inc (NASDAQ: IHRT) is bringing an exclusive podcast from former President Bill Clinton to its listeners in early 2021.

Bill Clinton Joins Presidential Podcast Playlist, Signs With iHeartMedia

He joins former Secretary of State and First Lady Hillary Clinton.

Bill Clinton Is Launching A Podcast With iHeartMedia

EXCLUSIVE: Former President Bill Clinton is partnering with iHeartMedia to launch a new podcast in early 2021. The podcast will build on one that Clinton hosted last year for the Clinton Foundation, which is also a partner in the new project, according to a source familiar with the plans. The podcast will be distributed via the

Former President Bill Clinton To Launch Podcast For iHeartMedia

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 the BofA Securities 2020 Media, Communications & Entertainment Conference on Thursday September 10, 2020 at 11:40 a.m.

iHeartMedia Chairman and Chief Executive Officer Bob Pittman and President, Chief Operating Officer & Chief Financial Officer Rich Bressler to Participate in BofA Securities 2020 Virtual Media, Communications & Entertainment Conference

Digital revenue is carrying the company's growth.

IHeartMedia Is An Interesting Content Play

NEW YORK--(BUSINESS WIRE)--Today, iHeartMedia, the No. 1 commercial podcast publisher globally, and Shondaland Audio, a division of Shondaland, founded by award-winning television writer and producer Shonda Rhimes, announced the division’s upcoming lineup.

Shondaland Audio and iHeartMedia Release New Original Podcasts and Announce Upcoming Lineup

iHeartMedia's (IHRT) CEO Bob Pittman on Q2 2020 Results - Earnings Call Transcript

SAN ANTONIO--(BUSINESS WIRE)--iHeartMedia, Inc. (Nasdaq: IHRT) today reported financial results for the quarter ended June 30, 2020.

iHEARTMEDIA, Inc. Reports Results for 2020 Second Quarter

LOS ANGELES--(BUSINESS WIRE)--Today, iHeartMedia Los Angeles announces a partnership with FanVestor, a first of its kind fan-investing and fan-commerce app, to raise money for local charities providing access to healthy meals for children and others affected by COVID-19 school closures and financial hardship. FanVestor, the first of its kind fan-engagement app and platform to enable fan-sourced sports, music and entertainment celebrity brands, is hosting a series of virtual in-app sweepstakes l

iHeartMedia Los Angeles Partners with FanVestor, the Fan Investing and Fan Commerce Leader, for a Series of Fan-Inspired Charitable Sweepstakes

NEW YORK--(BUSINESS WIRE)--iHeartMedia and Will Ferrell today announced the first six co-produced shows set to join the Big Money Players Network of comedy podcasts. “Las Culturistas with Matt Rogers and Bowen Yang”; “Michael Bolton’s Big Sexy Podcast” in collaboration with The Lonely Island and Comedy Bang Bang; “My Momma Told Me with Langston Kerman”; “POOG with Kate Berlant and Jacqueline Novak”; “Bald Talk” hosted by Brian Huskey and Charlie Sanders; and “True Romance with Carolina Barlow a

iHeartMedia and Will Ferrell Announce Upcoming Show Lineup for Joint Comedy Podcast Venture “Big Money Players Network”

NEW YORK--(BUSINESS WIRE)--iHeartMedia announced today that the 2020 “iHeartRadio Music Festival” will celebrate its 10th anniversary this Fall featuring performances by music’s biggest artists including BTS, Coldplay, Kane Brown with Special Guests Khalid, Keith Urban, Migos, Miley Cyrus, Thomas Rhett, Usher and more. Hosted by Ryan Seacrest, this year’s virtual two-day mega-concert will feature live performances recorded on stages in Los Angeles and Nashville in front of a virtual audience th

iHeartMedia Announces Lineup for the 10th Anniversary of Its Legendary ‘iHeartRadio Music Festival’

SAN ANTONIO--(BUSINESS WIRE)--iHeartMedia, Inc. (NASDAQ: IHRT) announced today that on Thursday August 6th, 2020, it will issue financial results for the quarter ending June 30, 2020.

iHeartMedia, Inc. to Report Quarterly Financial Results on August 6, 2020

The streaming media and terrestrial radio company just received approval for a big backer to climb aboard.

Why iHeartMedia Is Jumping 12% Higher Today

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iHeartMedia Inc’s (NASDAQ: IHRT) second-quarter results are likely to reflect substantial advertising and event-related headwinds from COVID-19 that will be offset only partially by cost saving initiatives and underlying digital growth, according to BofA Securities.

BofA Downgrades iHeartMedia On Lower Visibility, Advertising, Event Headwinds

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Stocks acclerated their downward trajectory Friday as the coronavirus ratcheted up with media shares following the market lower. The DJIA closed out the week down a hefty 730 points, or 2.8% in Friday’s session. The S&P 500 and Nasdaq dropped, respectively, 2.4% and 2.6% for the day. Exhibitors lost more ground with the summer release

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Fox Soul, iHeartMedia, and Motown Records are teaming on limited series Motown Countdown, which will stream each Tuesday in July. The four-part music and talk series will be hosted by Angela Yee, who co-hosts iHeartRadio’s nationally syndicated show The Breakfast Club. Fox Soul, a free, ad-supported streaming network, launched this year as a strategic effort

Fox Soul, IHeartMedia And Motown Records Team For Limited Series ‘Motown Countdown’ With Angela Yee

Spotify

WarnerMedia's podcast production deals with iHeartMedia and Spotify highlight two different strategies for building audiences and revenue in the burgeoning podcasting market.

WarnerMedia’s Deals With Spotify And iHeart Pursue Different Podcast Strategies

WarnerMedia Entertainment and iHeartMedia are partnering to co-produce a slate of companion podcasts for HBO Max’s upcoming original and legacy shows. The podcasts will play as standalone productions but often will center on and help promote HBO Max programming, the companies said. The first to debut will include companion podcasts for the comedy thriller series

iHeartMedia & WarnerMedia To Co-Produce Companion Podcasts For HBO Max Shows

Why iHeartMedia is a good investment today.

News for iHeartMedia Stock (IHRT)