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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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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Goldman Sachs analyst Stephen Laszczyk initiated coverage of  iHeartMedia Inc (NASDAQ: IHRT) with a Buy rating and $32 price target, implying a 30.7% upside.  iHeartMedia appears well-positioned to shift from a legacy terrestrial radio broadcast to a digitally-driven audio-media company, Laszczyk noted.

Goldman Sachs Initiates Coverage On iHeartMedia With A Buy, Sees, 31% Upside

NEW YORK--(BUSINESS WIRE)--iHeartMedia today announced it will join its longtime partner, international advocacy organization Global Citizen, as the exclusive audio partner in the U.S. of Global Citizen Live, broadcasting performances from six continents to millions of listeners on iHeartRadio stations across America and the iHeartRadio app. The global event being held to defend the planet and defeat poverty will feature music performances from concert venues in Africa, Asia, Australia, Europe,

iHeartRadio to Broadcast “Global Citizen Live” Multi-Continent Event Across America on September 25 as the Exclusive U.S. Audio Partner

Audio media company iHeartMedia Inc's (NASDAQ: IHRT) subsidiary, iHeartCommunications, Inc., will prepay a portion of its $2.1 billion term loan and its $447 million incremental term loan from cash on hand while simultaneously repricing the incremental term loan. It will prepay $250 million of its term loan facilities.

iHeartMedia To Prepay $250M Term Loan Facilities, Reprice Incremental Term Loan

NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (Nasdaq: IHRT) (“iHeartMedia”) announced today that its indirect, wholly-owned subsidiary, iHeartCommunications, Inc., will voluntarily prepay a portion of both its $2,075 million Term Loan and its $447 million Incremental Term Loan, utilizing cash on hand, while concurrently repricing the Incremental Term Loan. “We are pleased to announce that we will voluntarily pay down $250 million of our Term Loan facilities, demonstrating the encouraging moment

iHeartMedia, Inc. Announces Voluntary $250 Million Prepayment of Term Loan Facilities and Repricing of Incremental Term Loan

LONDON, June 4, 2021 /PRNewswire/ -- Celsius, the global industry-leading cryptocurrency yield-earning platform and iHeartMedia, the No. 1 audio company in America and No.

Celsius Partners With iHeartMedia In New Podcast Deal

NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (NASDAQ: IHRT), the leading audio company in America, today announced that it has named Graciela Monteagudo to its Board of Directors effective immediately. Monteagudo, who most recently served as CEO and President of Lala U.S., a producer and distributor of dairy-based products focused on Hispanic/Millennial consumers, is an internationally-respected executive who, over her 30-year career, has held leadership roles at a variety of multinational Fort

iHeartMedia Names Graciela Monteagudo to Its Board of Directors

iHeartMedia easily beat Q1 targets and is set to return to pre-virus EBITDA targets.

iHeartMedia: Still Heading Higher

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LOS ANGELES, May 24, 2021 /PRNewswire/ -- iHeartMedia and KIIS FM will kick off the Summer celebrating the history of Pop music's legendary Summer festival, "iHeartRadio KIIS FM Wango Tango," hosted by Ryan Seacrest on Wednesday, June 30 at 7 p.m. PT/10 p ET.

iHeartMedia Announces Lineup For The Virtual 2021 "iHeartRadio KIIS FM Wango Tango" Hosted By Ryan Seacrest On June 30

EXCLUSIVE: Bloomberg Media is ramping up its podcast business. The company has struck an exclusive deal to co-produce and distribute audio series with iHeartMedia. The agreement will see the two companies team up on a dozen new original podcasts over the next three years. It will also include the distribution Bloomberg Media's existing slate of...

Bloomberg Strikes Exclusive Podcast Deal With iHeartMedia, Plans To Co-Produce A Dozen New Series

NEW YORK--(BUSINESS WIRE)--Bloomberg Media and iHeartMedia, the No. 1 podcast publisher globally according to Podtrac, today announced an exclusive multiyear agreement to co-produce and distribute more than a dozen new original podcasts, and will also include the distribution of Bloomberg Media's existing slate of over 20 podcasts through the iHeartPodcast Network. The new agreement will build on the success of Bloomberg Media's lineup of business-related podcasts including the incredibly popul

Bloomberg Media and iHeartMedia Team Up to Launch Slate of Original Podcasts

NEW YORK--(BUSINESS WIRE)--iHeartMedia, the leading audio company in America and No. 1 podcast publisher, announced today that it will launch a new, standalone podcast venture – My Cultura, dedicated to elevating Latinx voices and creators, and sharing the Latinx experience with millions of listeners. In partnership with Enrique Santos, iHeartMedia's top-rated on-air personality and President and Chief Creative Officer of iHeartLatino, My Cultura will offer creators a platform to share stories

iHeartMedia To Launch New Podcast Network ‘My Cultura' Elevating Latinx Voices and Stories

ST. PETERSBURG, Fla., May 13, 2021 /PRNewswire/ -- Catalina, a leader in shopper intelligence and omni-channel media solutions that personalize the shopper journey, has formed a groundbreaking partnership with leading audio company and the No.

Catalina and iHeartMedia Partnership is First to Deliver Podcast Measurement & Sales Attribution at Scale for CPG Brands

NEW YORK--(BUSINESS WIRE)--iHeartMedia today announced a partnership with the National Women's Soccer League (NWSL) that will make live game day play-by-play audio streams available for free on an all new iHeartRadio digital NWSL Radio station during the 2021 season. The station will feature two of the biggest league games each week live, with replay available throughout the week leading up to the next live stream. The exclusive deal marks the first live audio partnership in the NWSL's history.

National Women's Soccer League and iHeartMedia Kick Off the 2021 Season With First-Ever Live Audio Streaming Coverage of League Games

Analysts have provided the following ratings for iHeartMedia (NASDAQ:IHRT) within the last quarter: Last 30 Days 1 Month Ago 2 Months Ago 3 Months Ago Bullish 0 1 0 0 Somewhat Bullish 1 0 1 0 Indifferent 1 0 2 2 Somewhat Bearish 0 0 0 0 Bearish 0 0 0 0 In the last 3 months, 8 analysts have offered 12-month price targets for iHeartMedia. The company has an average price target of $20.75 with a high of $29.00 and a low of $14.00.

Where iHeartMedia Stands With Analysts

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) Stock Jumps 14%: Will It Continue to Soar?

iHeartMedia, Inc. (IHRT) CEO Robert Pittman on Q1 2021 Results - Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (Nasdaq: IHRT) today reported financial results for the quarter ended March 31, 2021. Financial Highlights: Q1 Results Q1 Revenue of $707 million down 9.5% YoY; excluding the impact of Political, Q1 Revenue was down 7% YoY Surpassing the Company's guidance of down 11-13% YoY, with Digital driving the out performance GAAP Operating loss of $76 million compared to $1.7 billion in prior-year, which included $1.7 billion of impairment charges Consolidate

iHeartMedia, Inc. Reports Results for 2021 First Quarter

NEW YORK--(BUSINESS WIRE)--iHeartMedia (NASDAQ: IHRT) today announced the launch of a new, first-of-its-kind Private Marketplace. The new Private Marketplace will provide advertisers with programmatic buying access to distribute their marketing to audiences across the most diverse and comprehensive library of shows in the world from the iHeartPodcast Network - the No. 1 podcast publisher globally - which has more than 30 million US monthly uniques and 257 million global downloads and streams. T

Largest Podcast Publisher iHeartMedia Launches First-of-its-Kind Private Podcast Marketplace for Brands

NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (NASDAQ: IHRT) announced today that on Thursday May 6th, 2021, it will issue financial results for the quarter ending March 31, 2021. 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 May 6th. The conference call can als

iHeartMedia, Inc. to Report Quarterly Financial Results on May 6, 2021

NEW YORK--(BUSINESS WIRE)--iHeartMedia, the No. 1 podcast publisher globally according to Podtrac and the National Football League (NFL) today announced an exclusive podcast partnership to launch the NFL's podcast network, which will include the distribution of NFL Media's existing podcasts, (Around the NFL, Move the Sticks, NFL Fantasy Football, Huddle and Flow, NFL Total Access: The Locker Room, Good Morning Football and NFL Legends) as well as the co-production and distribution of two dozen

iHeartMedia and NFL Team Up to Launch the NFL's Podcast Network

Shares of iHeartMedia Inc. were pumped up 8.8% into record territory in midday trading Tuesday, after BofA Securities analyst Jessica Reif Ehrlich swung to bullish from bearish on the media and entertainment services company, citing expectations that advertising trends "will come roaring back" over the next several months. The stock, which was trading above its March 17 record close of $18.97, has sored 46.6% year to date, while the S&P 500 has gained 10.0%.

IHeartMedia stock surges into record territory after double upgrade at BofA

IHeartMedia Inc's (NASDAQ: IHRT) results for the first quarter of 2021 are likely to reflect a significant sequential improvement in advertising trends, healthy savings on modernization and restructuring initiatives and strong digital growth, according to BofA Securities. The iHeartMedia Analyst: Jessica Reif Ehrlich upgraded the rating for iHeartMedia from Underperform to Buy, while raising the price target from $10 to $26.

6 Reasons To Be Bullish On iHeartMedia Stock

BOZEMAN, MT / ACCESSWIRE / April 5, 2021 / Leading outdoors lifestyle brand MeatEater, Inc. and iHeartMedia  (NASDAQ:IHRT), the No. 1 podcast publisher globally according to Podtrac , announced today they have entered a major production and distribution partnership, the first of its kind in the outdoor category.

MeatEater and iHeartMedia Announce Production and Distribution Partnership

E. W. Scripps

CINCINNATI, March 31, 2021 /PRNewswire/ -- The E.W. Scripps Company (NASDAQ: SSP) closed today on its sale of Triton to iHeartMedia (NASDAQ: IHRT) for $230 million.

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