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 announced today the return of the iHeartCountry Festival Presented by Capital One on Saturday, May 7. Now in its ninth year, the 2022 lineup will feature Country music's hottest artists including Thomas Rhett, Carrie Underwood, Zac Brown Band, Maren Morris, Dustin Lynch, Jimmie Allen, Scotty McCreery, Cody Johnson and more performing live at the new “Moody Center” in Austin, hosted once again by iHeartMedia's nationally-syndicated top on-air Country person

Thomas Rhett, Carrie Underwood, Zac Brown Band, Maren Morris, Dustin Lynch, Jimmie Allen, Scotty Mccreery, Cody Johnson and More Lead the Lineup for the 2022 ‘iHeartCountry Festival Presented by Capital One'

NEW YORK--(BUSINESS WIRE)--iHeartMedia, the number one audio company in the U.S., today announced the second annual “iHeartRadio Living Black! Empowered by AT&T” a month-long on-air celebration that will culminate with a special event featuring performances by Big Sean, H.E.R., Moneybagg Yo, Ari Lennox and more, plus a special moment from Lizzo at the iHeartRadio Theater Los Angeles and Black-owned businesses across the country. The event will also feature special appearances from J. Cole,

Big Sean, H.E.R., Moneybagg Yo, Ari Lennox to Perform Plus A Special Moment from Lizzo During “iHeartRadio Living Black!

The average of price targets set by Wall Street analysts indicates a potential upside of 53.4% in iHeartMedia (IHRT). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Predict a 53% Upside in iHeartMedia (IHRT): Here's What You Should Know

LOS ANGELES--(BUSINESS WIRE)--For the sixth consecutive year, iHeartMedia Los Angeles' KOST 103.5, will join Children's Hospital Los Angeles on Giving Tuesday, Nov. 30, for its Season of Giving fundraising campaign. Giving Tuesday is the international day of charitable giving that takes place on the first Tuesday after Thanksgiving. The Season of Giving campaign, which runs through the end of the year, appeals to the community to donate funds that will directly support the pediatric medical car

iHeartMedia Los Angeles' KOST 103.5 and Children's Hospital Los Angeles to Launch Season of Giving Fundraising Campaign on Tuesday, Nov. 30

iHeartMedia reported another strong quarter, soaring past analyst estimates. The media company continues to make huge progress in shifting to digital media with Digital Audio revenues growing over 77%.

iHeartMedia: Look Past Tough Political Comps

iHeartMedia, Inc. (IHRT) CEO Bob Pittman on Q3 2021 Results - Earnings Call Transcript

iHeartMedia (IHRT) delivered earnings and revenue surprises of -9.09% and 2.17%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

IHeartMedia (IHRT) Lags Q3 Earnings Estimates

NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (Nasdaq: IHRT) today reported financial results for the quarter ended September 30, 2021. Financial Highlights: Q3 2021 Consolidated Results Q3 Revenue of $928 million up 25% YoY; exceeding prior guidance of up approximately 20% Excluding the impact of Political, Q3 revenue was up 31% YoY Q3 2021 down 2% vs. Q3 2019 -- continuing sequential quarterly improvement vs. 2019 GAAP Operating income of $80 million vs. $39 million in Q3 2020 Consolidated Adj

iHeartMedia, Inc. Reports Results for 2021 Third Quarter

DraftKings

NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. [Nasdaq: IHRT] and DraftKings Inc. [Nasdaq: DKNG] announced today a multi-year strategic relationship, making DraftKings the official odds supplier for iHeartMedia's broadcast, digital, podcast and social platforms. Additionally, as part of the agreement DraftKings is now able to co-create and distribute long-form content with iHeartMedia and will receive preferred access to iHeartMedia's full roster of diverse personalities. Furthermore, DraftKings

iHeartMedia and DraftKings Ink Multifaceted Strategic Agreement

TAMPA, Fla., Oct. 28, 2021 /PRNewswire/ -- Big Brothers Big Sisters of America (BBBSA), the country's preeminent leader in one-to-one youth mentoring, has announced Tony Coles, iHeartMedia's division president of Metro Markets, and president of Black Information Network (BIN), as its newest board member.

Big Brothers Big Sisters of America Appoints Tony Coles of iHeartMedia as Newest Board Member

NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (NASDAQ:IHRT) announced today that its subsidiary, iHeart Operations, Inc., repurchased and cancelled all of its 60,000 outstanding shares of Series A Perpetual Preferred Stock, utilizing cash on hand. “We are pleased to have voluntarily repurchased the full balance of our $60 million preferred stock, demonstrating our commitment to strengthening our balance sheet and increasing free cash flow, while still maintaining ample liquidity,” said Bob Pittm

iHeartMedia, Inc. Announces Voluntary Repurchase of All Series A Perpetual Preferred Stock

NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (NASDAQ: IHRT) announced today that on Thursday, November 4th, 2021, it will issue financial results for the quarter ending September 30, 2021. 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. A live audio webcast of the call will be available on the Investors homepage of iHeartMedia's website (https://investors.iheartmedia.com/) beg

iHeartMedia, Inc. to Report Quarterly Financial Results on November 4, 2021

Mattel

Mattel Inc (NASDAQ: MAT) and Warner Music Group's (NASDAQ: WMG) Arts Music division are partnering with iHeartMedia Inc (NASDAQ: IHRT) to launch Barbie Radio exclusively on iHeartRadio. The financial terms of the deal were not disclosed.

Mattel, Warner Music Group Partner With iHeartMedia To launch 'Barbie Radio'

Warner Music Group

NEW YORK & EL SEGUNDO, Calif.--(BUSINESS WIRE)--Mattel, Inc. (NASDAQ: MAT) and Warner Music Group's (NASDAQ: WMG) Arts Music division announced they are partnering with iHeartMedia (NASDAQ: IHRT) to launch Barbie Radio today exclusively on iHeartRadio, iHeartMedia's free all-in-one digital music, podcasting and live streaming radio service, and iHeartRadio Family, a stand-alone app featuring music, stories and radio stations perfect for kids. Barbie Radio, the first branded radio channel from M

Mattel and Warner Music Group's Arts Music Division Partner With iHeartMedia to Bring Barbie to the Airwaves

NEW YORK--(BUSINESS WIRE)--iHeartMedia announced today the lineup for the fifth annual iHeartRadio ALTer EGO Presented by Capital One. The biggest names in Alternative Rock will come together at the historic Forum in Los Angeles on January 15, 2022 to celebrate everything Alternative Rock LIVE in front of music fans. The extraordinary lineup includes All Time Low, Coldplay, Imagine Dragons, Kings of Leon, twenty one pilots, Willow and more. iHeartRadio ALTer EGO will be hosted by Woody of iHear

iHeartMedia Brings Alternative Rock's Biggest Names Together Live for the 2022 “iHeartRadio ALTer EGO Presented by Capital One”

NEW YORK--(BUSINESS WIRE)--iHeartMedia will celebrate the holiday season across the nation with its annual “iHeartRadio Jingle Ball Tour Presented by Capital One” – the season's spectacular music event, which captures the music and holiday spirit of the iHeartRadio app with performances by this year's biggest artists including Ed Sheeran, Dua Lipa, Jonas Brothers, Doja Cat, Lil Nas X, Megan Thee Stallion and more. The 2021 iHeartRadio Jingle Ball Tour Presented by Capital One is back live in fr

iHeartMedia Rings in the Holiday Season With the Return of Its Iconic 2021 National “iHeartRadio Jingle Ball Tour Presented by Capital One”

NEW YORK & LOS ANGELES--(BUSINESS WIRE)--iHeartMedia announced today that it has signed a new contract with Ryan Seacrest, the nationally-celebrated media and entertainment entrepreneur, radio personality, television host and producer and unmatched creative talent. The three-year contract extends through December 31, 2025, during which time Seacrest will celebrate 30 years as one of the most recognized and respected names not just within iHeartMedia, but throughout the entire media and entertai

Ryan Seacrest Signs New Contract With iHeartMedia to Continue Through 2025

LONDON & NEW YORK--(BUSINESS WIRE)--WARC, the global authority on marketing intelligence, unveiled today the results of a study conducted in collaboration with iHeartMedia, the leading audio media company in America (NASDAQ: IHRT), on media consumption and audio investment in the US. “The Investment Gap: Understanding the Value of Audio” highlights a divergence between consumption and investment. While 31% of the average consumer's media consumption is now audio, only 8.8% of the average media

New Study From WARC and iHeartMedia Reveals Major Audio Investment Gap for Marketers

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 Goldman Sachs 30th Annual Communacopia Conference on Wednesday, September 22, 2021 at 2:05 p.m. ET. A live webcast of the session will be available to the general public at the start of the session through

iHeartMedia Chairman and Chief Executive Officer Bob Pittman and President, Chief Operating Officer & Chief Financial Officer Rich Bressler to Participate in the Goldman Sachs 30th Annual Communacopia Conference

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 BofA Securities “2021 Media, Communications and Entertainment Conference” on Monday, September 13, 2021 at 2:20 p.m. ET. A live webcast of the session will be available to the general public at the start o

iHeartMedia Chairman and Chief Executive Officer Bob Pittman and President, Chief Operating Officer & Chief Financial Officer Rich Bressler to Participate in the BofA Securities 2021 Media, Communications and Entertainment Conference

NFL Media's existing podcast lineup includes: Move the Sticks with Daniel Jeremiah and Bucky Brooks – Former NFL scouts Daniel Jeremiah and Bucky Brooks break down the latest news and action from a scout's perspective.

NFL And iHeartMedia Announce Upcoming Podcast Lineup

LOS ANGELES--(BUSINESS WIRE)--Anthem Blue Cross Launches Partnership with Heart of America and iHeartMedia to Impact Food Insecurity at Manual Arts High School in Los Angeles.

Anthem Blue Cross Launches Local Partnership with Heart of America and iHeartMedia to Impact Food Insecurity at Manual Arts High School

ATLANTA--(BUSINESS WIRE)-- #AnthemCares--Anthem Blue Cross and Blue Shield partners with Heart of America and iHeartMedia to impact food insecurity at College Park Elementary School, Atlanta

Anthem Blue Cross and Blue Shield Launches Local Partnership with Heart of America and iHeartMedia to Impact Food Insecurity at College Park Elementary School

CINCINNATI--(BUSINESS WIRE)--Today, P&G Studios and the team at Harder Than You Think launch a new podcast series, “Equal Too: Achieving Disability Equality,” to shine a light on the biggest challenges faced by the disabled community and start a conversation about what is needed to drive equality. The podcast, hosted by UK television presenter and disability advocate Sophie Morgan, will focus on challenging perceptions, celebrating successes, and exploring how to transform the world for tho

P&G Studios and Harder Than You Think Foster Game Changing Conversations in New Podcast Series “Equal Too: Achieving Disability Equality”

NEOU, the live streaming and on-demand fitness and wellness marketplace today announced a marketing partnership with iHeartMedia, the number one audio company in the United States, to help build awareness and introduce NEOU's inspiring fitness content and experiences from over 100 studios and ins.

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