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, the No. 1 audio company in the United States, announced today that it has renewed its relationship with CMA and ACM Award-winning radio personality Bobby Bones, host of the hit national Country radio program The Bobby Bones Show. Bones will also continue to serve as Vice President, Creative Director of iHeartCountry. Bones, who reaches nearly 10 million people monthly as host of The Bobby Bones Show and Country Top 30 with Bobby Bones, in addition to more.

iHeartMedia and Top Country Radio Host Bobby Bones Extend Relationship as Hit Show Eclipses 10-Year Mark

iHeartMedia, Inc. (NASDAQ:IHRT ) Q2 2023 Earnings Conference Call August 8, 2023 8:00 AM ET Company Participants Mike McGuinness - Head of Investor Relations Bob Pittman - Chairman & Chief Executive Officer Rich Bressler - President, Chief Operating Officer & Chief Financial Officer Conference Call Participants Steven Cahall - Wells Fargo Jim Goss - Barrington Research Operator Good morning. My name is Rob and I'll be your conference operator today.

iHeartMedia, Inc. (IHRT) Q2 2023 Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (Nasdaq: IHRT) today reported financial results for the quarter ended June 30, 2023. Financial Highlights:1 Q2 2023 Consolidated Results Q2 Revenue of $920 million, down 3.6%; slightly better than the guidance range of down mid-single digits Excluding Q2 Political Revenue, Q2 Revenue down 1.8% GAAP Operating loss of $897 million vs. GAAP Operating income of $83 million in Q2 2022, which includes $961 million of non-cash intangible impairment charges.

iHeartMedia, Inc. Reports Results for 2023 Second Quarter

NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (NASDAQ: IHRT) announced today that on Tuesday August 8th, 2023, it will issue financial results for the quarter ending June 30, 2023. 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 August 8, 2023

SAN FRANCISCO & NEW YORK--(BUSINESS WIRE)--iHeartMedia, the No. 1 podcast publisher globally according to Podtrac, and LinkedIn, the world's largest professional network, have announced a strategic partnership that will leverage iHeartMedia's leading infrastructure and distribution capabilities and LinkedIn's global community of more than 930 million members, to introduce new offerings to the business podcast space. LinkedIn also offers a space for communities to continue the conversation and e.

iHeartMedia and LinkedIn Announce Strategic Partnership to Help Voices Build, Launch and Scale Podcast Content to Audiences

Clear Channel Outdoor Holdings

Winning High School and College Students Will Have TV, Radio and Billboards Distributed Nationally NEW YORK , June 30, 2023 /PRNewswire/ -- Today, the Ad Council and Project Yellow Light announced the winners of the 12th annual Project Yellow Light scholarship competition, a unique opportunity in which students create TV, radio and billboard PSAs to educate their peers about the dangers of distracted driving, specifically the dangers of using your phone while driving. The winning PSAs will be showcased on June 30 on a digital billboard in New York City's Times Square, in space donated by Clear Channel Outdoor.

Annual "Project Yellow Light" Scholarship Contest Announces the Newest Class of Student Winners to Raise Awareness of Dangers of Distracted Driving

iHeartMedia, Inc. reported a weak Q1 2023, but the key adjusted EBITDA number beat guidance. The media company grew crucial podcast revenue at a 12% clip despite the tough ad market. iHeartMedia stock is priced for an economic collapse, while the company has been busy buying their debt at a discount.

iHeartMedia: Thesis Intact

"We're not competitive with the music services – we're synergistic. The consumer uses us both," says the iHeartMedia CEO.

iHeartMedia CEO Bob Pittman sings radio's praises

NEW YORK--(BUSINESS WIRE)--On the first-ever Access Day, June 1, 2023, iHeartMedia, the No. 1 audio company in the United States which reaches nine out of 10 Americans every month, will provide unprecedented access to the hottest music, artists, one-of-a-kind experiences and unmissable deals across the U.S. The 24-hour broadcast radio takeover event is iHeartMedia's way of saying thank you to the hundreds of millions of listeners who tune into the company's 860+ radio stations across the U.S. e.

iHeartMedia Launches Access Day, With 24 Hours of Once-in-a-Lifetime Experiences and Exclusive Deals Available Across the U.S.

Sizzle Reel Link Hi Res Photos Link NEW YORK , May 23, 2023 /PRNewswire/ -- iHeartMedia's My Cultura, a podcast network dedicated to elevating Latinx voices and creators, while also sharing the Latinx experience with millions of listeners, and MoonFlower Productions have announced the second season of "In Our Own World" podcast, created and co-hosted by Grammy-nominated songwriter and stylist Gemeny Hernandez and Grammy- and Emmy-nominated musician and TV host, Emily Estefan. The new season of the podcast will debut May 31 with new episodes posting weekly on Wednesdays.

iHeartMedia's My Cultura Announces Second Season of "In Our Own World," a Podcast by Emily Estefan and Gemeny Hernandez

NEW YORK--(BUSINESS WIRE)--This June, Procter & Gamble® (P&G) and iHeartMedia invite people everywhere to join “Can't Cancel Pride 2023 – The Future Starts Now,” an evening recognizing the LGBTQ+ community and celebrating organizations creating a more inclusive and equal world. The special event will feature performances from some of today's hottest artists and appearances from influential voices in the LGBTQ+ community including Elton John Impact Award Recipient Brandi Carlile, Adam La.

Brandi Carlile, Adam Lambert, Big Freedia, Ciara, Billy Porter, Hayley Kiyoko, Kesha, Kelsea Ballerini and More Join P&G and iHeartMedia's “Can't Cancel Pride 2023 – The Future Starts Now” Hosted by JoJo Siwa on June 15

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?

News for iHeartMedia Stock (IHRT)