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

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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) (“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 J.P. Morgan Technology, Media and Communications Conference on Tuesday May 23rd at 5:15 p.m. ET. A live webcast of the session will be available to the general public at the start of the session through a.

iHeartMedia Chairman and Chief Executive Officer Bob Pittman and President, Chief Operating Officer & Chief Financial Officer Rich Bressler to Participate in J.P. Morgan's 51st Annual Global Technology, Media and Communications Conference

PHILADELPHIA--(BUSINESS WIRE)--Joe Hand Promotions Partners With iHeartMedia to Present One-Night-Only iHeartCountry Festival Viewing Experience in Theaters Worldwide on May 13.

Joe Hand Promotions Partners With iHeartMedia to Present One-Night-Only iHeartCountry Festival Viewing Experience in Theaters Worldwide on May 13

IHeartMedia (IHRT) came out with a quarterly loss of $1.50 per share versus the Zacks Consensus Estimate of a loss of $0.71. This compares to loss of $0.33 per share a year ago.

IHeartMedia (IHRT) Reports Q1 Loss, Tops Revenue Estimates

NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (Nasdaq: IHRT) today reported financial results for the quarter ended March 31, 2023. Financial Highlights:1 Q1 2023 Consolidated Results Q1 Revenue of $811 million, down 3.8%; above the guidance range of down mid-single digits GAAP Operating loss of $49 million vs. GAAP Operating income of $12 million in Q1 2022 Consolidated Adjusted EBITDA of $93 million, above guidance range of $80 million to $90 million, compared to $145 million in Q1 2022 Cash F.

iHeartMedia, Inc. Reports Results for 2023 First Quarter

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NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (NASDAQ: IHRT) announced today that on Tuesday May 2nd, 2023, it will issue financial results for the quarter ending March 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 Financial Results on May 2, 2023

NEW YORK--(BUSINESS WIRE)--iHeartMedia (NASDAQ: IHRT) announced today that Jon Kurland has been named Executive Vice President of Business Affairs and Chief Entertainment Counsel, effective today. In his new role, Kurland will lead iHeartMedia's Business Affairs team and focus on strategic deals and relationships with the company's podcast, music, entertainment and new media partners.

iHeartMedia Names Jon Kurland Executive Vice President of Business Affairs and Chief Entertainment Counsel

NEW YORK--(BUSINESS WIRE)--Today, BET announced a partnership with iHeartMedia that will bring the award-winning hit morning show “The Breakfast Club” starring DJ Envy and Charlamagne Tha God from iHeartMedia New York's Power 105.1 to BET's 2023 programming lineup. BET will televise a one-hour special edition of "The Breakfast Club" daily Monday through Friday.

BET Partners With iHeartMedia to Air Nationally Syndicated Hit Radio Show “The Breakfast Club” on BET

Shares of iHeartMedia Inc. weren't getting much love on Wall Street Tuesday, sinking toward a record low after BofA Securities analyst Jessica Reif Ehrlich turned bearish, citing concerns over high levels of debt and a slowing economy.

iHeartRadio parent's stock drops toward record low after BofA cuts rating and price target

NEW YORK--(BUSINESS WIRE)--iHeartMedia and Samsung Galaxy today announced “Samsung Galaxy Launchpad Powered by iHeartRadio,” a program designed to develop and support emerging artists and generate mass awareness and exposure to support the growth of their music careers. Beginning Monday, March 27 at the 2023 “iHeartRadio Music Awards” the program will run through June 2024 and provide exposure for Ice Spice and Jax across iHeartRadio broadcast, streaming and podcast platforms.

iHeartMedia and Samsung Galaxy Announce “Samsung Galaxy Launchpad Powered by iHeartRadio” to Amplify Careers of Emerging Artists

On Monday, SEC filings revealed that three executives had bought an enormous amount of iHeartMedia (NASDAQ: IHRT ) stock. Together, the firm's CEO, CFO and chief accounting officer snapped up over 190,000 shares worth $1.05 million.

Insiders Just Bought $1 Million of This Deep Value Tech Stock

Earnings were great, but guidance was terrible for iHeartMedia.

Why iHeartMedia's Stock Collapsed Today

iHeartMedia (IHRT) delivered earnings and revenue surprises of 20% and 1.53%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

IHeartMedia (IHRT) Q4 Earnings and Revenues Top Estimates

iHeartMedia, Inc. (NASDAQ:IHRT ) Q4 2022 Earnings Conference Call February 28, 2023 4:30 PM ET Company Participants Mike McGuinness – Head-Investor Relations Bob Pittman – Chairman and Chief Executive Officer Rich Bressler – President, Chief Operating Officer and Chief Financial Officer Conference Call Participants Steven Cahall – Wells Fargo Dan Day – B. Riley Securities Jim Goss – Barrington Sebastiano Petti – JPMorgan Operator Good day, everyone.

iHeartMedia, Inc. (IHRT) Q4 2022 Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (Nasdaq: IHRT) today reported financial results for the quarter and year ended December 31, 2022. Financial Highlights:1 Q4 2022 Consolidated Results Q4 Revenue of $1,126 million, up 6%; at high end of guidance of up approximately 2%-6% Excluding Q4 political Revenue, Q4 Revenue up 1% GAAP Operating income of $173 million vs. GAAP Operating income of $123 million in Q4 2021, up 41% GAAP Operating income margin of 15.4%, up 377 bps from 11.

iHeartMedia, Inc. Reports Results for 2022 Fourth Quarter and Full Year

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This partnership will provide regular lottery news to iHeartMedia New York's listeners NEW YORK , Feb. 21, 2023 /PRNewswire/ --  Jackpocket , the leading third-party app in the U.S. to provide a secure way to order official state lottery tickets, and iHeartMedia New York, today announced Jackpocket as the Official Digital Lottery Courier of Elvis Duran and the Z100 Morning Show. "We want to share the timeless game of the lottery with everyone," said Jackpocket CEO and founder, Peter Sullivan.

Jackpocket Announces Partnership with iHeartMedia New York to Become the Official Digital Lottery Courier of Elvis Duran and the Z100 Morning Show!

Craig Ferguson signed a deal with iHeartMedia for his first podcast.

Craig Ferguson Breaks Into Podcasting With iHeartMedia And ‘Joy'

NEW YORK--(BUSINESS WIRE)--The Empire State Building (ESB) and iHeartMedia announced today that it will host the “iHeartRadio Album Release Party with P!NK” and a music-to-light spectacular at the “World's Most Famous Building” to celebrate the singer's new album TRUSTFALL on Feb. 17.

The Empire State Building and iHeartMedia Host “iHeartRadio Album Release Party with P!NK” with Observatory Visit, Music-to-Light Spectacular, and Special Fan Event

NEW YORK--( BUSINESS WIRE )--iHeartMedia, Inc. (NASDAQ: IHRT) announced today that on Tuesday February 28th, 2023, it will issue financial results for the quarter and year ending December 31, 2022. The company will conduct a conference call at 4:30 p.m. (ET), following the release of its earnings announcement to discuss its financial results and business outlook.

iHeartMedia, Inc. to Report Quarterly and Annual Financial Results on February 28, 2023

LOS ANGELES--( BUSINESS WIRE )--UNest, a leading fintech company that makes it easier than ever for parents to invest in their kids' future, today announced a partnership with America's leading audio company iHeartMedia. UNest will leverage iHeartMedia's multiplatform capabilities and national reach to empower parents wanting to help their children with a strong financial head start and road map for the future.

UNest Partners with iHeartMedia on National Media Campaign

IHRT stock is down 70% over one year, but it doesn't make this a cheap stock. A combination of radio ad revenue decline and operating leverage will pressure the EBITDA.

iHeartMedia: The Stock Is Not Cheap And Waiting For A Better Entry Point For The Secured Bonds

IHRT is a deleveraging story that we think could hit an inflection point in the next 12-24 months. Management's decision to focus on repurchasing the unsecured debt increases FCF now and provides flexibility, and potentially lower interest rates, moving forward.

iHeartMedia: Deleveraging Story Underway

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News for iHeartMedia Stock (IHRT)