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.

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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 and P&G will once again join forces during Pride Month for the return of Can't Cancel Pride - an evening recognizing the impact of both music and LGBTQ+ organizations have on the community. The fifth annual special event will feature performances by Elton John Impact Award Recipient and host Billy Porter, Allison Russell, Ben Platt, David Archuleta, Meghan Trainor, Melissa Etheridge, Orville Peck, RAYE, Victoria Monét and more on June 12 from the iHear.

Allison Russell, Billy Porter, Ben Platt, David Archuleta, Meghan Trainor, Melissa Etheridge, Orville Peck, RAYE, Victoria Monét and More Join P&G and iHeartMedia's Fifth Annual Can't Cancel Pride 2024 on June 12

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IHeartMedia (IHRT) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.55. This compares to loss of $1.50 per share a year ago.

IHeartMedia (IHRT) Reports Q1 Loss, Misses Revenue Estimates

iHeartMedia, Inc. (NASDAQ:IHRT ) Q1 2024 Earnings Conference Call May 9, 2024 8:00 AM ET Company Participants Mike McGuinness - Head, Investor Relations Bob Pittman - Chairman and CEO Rich Bressler - President, Chief Operating Officer and CFO Conference Call Participants Operator Hello. Thank you for standing by.

iHeartMedia, Inc. (IHRT) Q1 2024 Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (Nasdaq: IHRT) today reported financial results for the quarter ended March 31, 2024. Financial Highlights:1 Q1 2024 Consolidated Results Q1 Revenue of $799 million, down 1.5%; in line with guidance range of flat to down 2% Excluding Q1 Political Revenue, Q1 Revenue down 2.5% GAAP Operating loss of $35 million vs. $49 million in Q1 2023 Consolidated Adjusted EBITDA of $105 million, within previously disclosed guidance range of $100 million to $110 mi.

iHeartMedia, Inc. Reports Results for 2024 First Quarter

NEW YORK--(BUSINESS WIRE)--America's #1 audio company iHeartMedia and Deep Blue Sports + Entertainment today announced a new partnership to launch the Women's Sports Audio Network (WSAN), the first-ever audio platform dedicated exclusively to women's sports. As a net-new audio platform dedicated to exploring and celebrating women's sports competitions, including athletes' stories on and off the field, WSAN is a free, ad-supported network that will include podcasts, daily sports reports, spotlig.

iHeartMedia and Deep Blue Sports + Entertainment Launch Women's Sports Audio Network – The First-Ever Audio Platform Dedicated to Women's Sports

NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (NASDAQ: IHRT) announced today that on Thursday May 9th, 2024, it will issue financial results for the quarter ending March 31, 2024. The company will conduct a conference call at 8:00 a.m. (ET), following the release of its earnings announcement, to discuss its financial results and business outlook. A live audio webcast of the call will be available on the Investors homepage of iHeartMedia's website (https://investors.iheartmedia.com/) beginning at.

iHeartMedia, Inc. to Report Quarterly Financial Results on May 9, 2024

iHeartMedia, Inc. expects a big boost in ad revenues from the U.S. Presidential election cycle in 2024. The company has seen growth in its Digital Audio Group and Podcast segment, which provides a path to long-term growth. iHeartMedia stock only trades at ~5.5x EV/EBITDA targets.

iHeartMedia: Set Up For Big 2024

MundoNow's Oyénos Audio Network to be Distributed by iHeartPodcasts ATLANTA, March 26, 2024 /PRNewswire/ -- Today, Mundo Hispano Digital, the parent company of MundoNow.com, one of the oldest Certified Minority Latino media platforms in the United States, announced a partnership with iHeartMedia, marking a significant milestone in the realm of LatinX media and marketing strategy. The new collaboration will include MundoNow's audio network Oyénos' slate of podcasts being distributed widely by iHeartPodcasts.

Mundo Hispano Digital Embarks on Exclusive Content and Revenue Partnership with iHeartMedia

iHeartMedia, Inc. (IHRT) Q4 2023 Earnings Call Transcript

IHeartMedia (IHRT) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.54 per share a year ago.

IHeartMedia (IHRT) Tops Q4 Earnings and Revenue Estimates

NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (Nasdaq: IHRT) today reported financial results for the quarter and year ended December 31, 2023. Financial Highlights:1 Q4 2023 Consolidated Results Q4 Revenue of $1,067 million, down 5.2%; slightly better than the guidance range of down high-single digits Excluding Q4 Political Revenue, Q4 Revenue flat GAAP Operating income of $80 million vs. $173 million in Q4 2022 Consolidated Adjusted EBITDA of $208 million, within previously disclosed guidance.

iHeartMedia, Inc. Reports Results for 2023 Fourth Quarter and Full Year

ATLANTA--(BUSINESS WIRE)--iHeartMedia and Charlamagne Tha God today announced the return of the Black Effect Podcast Festival to celebrate, uplift and amplify Black voices in the podcast industry. The event will take place Saturday, April 27 from noon to 8 p.m. ET at Pullman Yards in Atlanta, GA. Charlamagne Tha God will join the festival alongside some of the Black Effect's most popular personalities for a day full of live podcast tapings and informative discussions aimed at aspiring podcaster.

IHeartMedia and Charlamagne Tha God Announce the 2024 Black Effect Podcast Festival on April 27 at Pullman Yards in Atlanta

NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (Nasdaq: IHRT) (“iHeartMedia”) 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 Morgan Stanley Technology, Media & Telecom Conference on Tuesday March 5th at 5:50 p.m. ET. A live webcast of the session will be available to the general public at the start of the session through a l.

iHeartMedia Chairman and Chief Executive Officer Bob Pittman and President, Chief Operating Officer & Chief Financial Officer Rich Bressler to Participate in the Morgan Stanley Technology, Media & Telecom Conference

NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (NASDAQ: IHRT) announced today that on Thursday February 29th, 2024, it will issue financial results for the quarter and year ending December 31, 2023. The company will conduct a conference call at 8:30 a.m. (ET), following the release of its earnings announcement, to discuss its financial results and business outlook. A live audio webcast of the call will be available on the Investors homepage of iHeartMedia's website (https://investors.iheartmedia.

iHeartMedia, Inc. to Report Quarterly and Annual Financial Results on February 29, 2024

NEW YORK--(BUSINESS WIRE)--iHeartMedia, the leading audio company in America with a greater reach in the U.S. than any other media outlet, announced today that Jess Hilarious will join the wildly popular, nationally syndicated hit radio show “The Breakfast Club” as its new co-host, effective February 5, 2024. “The Breakfast Club” broadcasts weekday mornings from 6 a.m. to 10 a.m. ET. Jess Hilarious will join DJ Envy and Charlamagne Tha God on New York Power 105.1's top-rated morning show “The B.

iHeartMedia Announces Jess Hilarious as New Co-host for the Nationally Syndicated Hit Radio Show “The Breakfast Club”

Leading intelligent cocktail maker zeroes in on continued growth across North America CHICAGO , Jan. 29, 2024 /PRNewswire/ -- Bartesian, the award-winning cocktail machine serving premium cocktails on demand, today announced a new, strategic multi-year partnership with iHeartMedia, the leading audio media company in the U.S. and podcast publisher globally. The deal allows Bartesian to leverage iHeartMedia's multi-platform network, reaching a quarter of a billion monthly listeners, and their marquee experiential events to bring the home cocktail maker to new audiences.

Bartesian Leverages Strategic Partnership with iHeartMedia to Drive Expansion in 2024

NEW YORK--(BUSINESS WIRE)--iHeartMedia announced today the return of the “iHeartCountry Festival Presented by Capital One” on Saturday, May 4, 2024. Now in its eleventh year, the 2024 lineup will feature Country music's hottest artists including Jason Aldean, Jelly Roll, Old Dominion, Lady A, Riley Green, Ashley McBryde, Brothers Osborne and Walker Hayes performing live at Moody Center in Austin, Texas. The festival is once again hosted by iHeartMedia's nationally syndicated top on-air Country.

Jason Aldean, Jelly Roll, Old Dominion, Lady A, Ashley McBryde, Riley Green, Brothers Osborne and Walker Hayes Lead Lineup for the 2024 “iHeartCountry Festival Presented by Capital One”

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NEW YORK--(BUSINESS WIRE)--iHeartMedia, the #1 audio company in America, announced today a leadership realignment in its Markets Group, heightening the performance of its more than 160 Markets and 860+ radio stations while enhancing the company's ability to increase its focus on new high-growth opportunities. The Markets Group, part of iHeart's Multi Platform Group, is designed to enable each Market, regardless of size, to take advantage of iHeart's unique scale and multiple platforms; leadersh.

iHeartMedia Announces Realignment of Markets Management And Increased Focus For Leaders on New High-Growth Opportunities

NEW YORK & LOS ANGELES--(BUSINESS WIRE)--iHeartMedia announced today that it has extended its contract with Ryan Seacrest, the nationally-celebrated media and entertainment entrepreneur, radio personality, television host and producer, and philanthropist. The contract now runs through December 31, 2027, extending the successful partnership between the No. 1 audio company in America and one of the most recognized and respected names throughout the entire media and entertainment industry. Seacres.

Ryan Seacrest and iHeartMedia Extend Relationship Through 2027

LOS ANGELES--(BUSINESS WIRE)--iHeartMedia Los Angeles' KOST 103.5 joins Children's Hospital Los Angeles on Giving Tuesday to kick off CHLA's Season of Giving campaign.

iHeartMedia Los Angeles' KOST 103.5 and Children's Hospital Los Angeles Launch Eighth Annual Season of Giving Fundraising Campaign on Tuesday, Nov. 28

iHeartMedia Inc.'s stock IHRT rose 4% in premarket trading on Monday after the media company said it would book a $100 million in proceeds for its equity interest in Broadcast Music Inc. (BMI) as part of the sale of BMI to a shareholder group led by New Mountain Capital LLC. iHeart Media plans to use the money to pay down debt and other general corporate purposes after the deal closes by March 30.

iHeartMedia ‘s stock rises as company sets gain from BMI sale

NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (“iHeart”) announced today that in connection with the previously announced acquisition of Broadcast Music, Inc. (“BMI”) to a shareholder group led by New Mountain Capital, LLC, it expects to receive approximately $100M of proceeds related to its equity interest in BMI, subject to approval of the transaction by BMI shareholders and customary regulatory approvals. The Company plans to use the proceeds for general corporate purposes, which may include.

iHeartMedia, Inc. Announces $100 Million In Proceeds Expected from New Mountain Capital's Acquisition of Broadcast Music, Inc.

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