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 #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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NEW YORK & LONDON--(BUSINESS WIRE)--Global, the UK's largest Radio and Outdoor media company, has signed an exclusive platform distribution and ad sales deal with iHeartMedia, the No. 1 audio company in the United States. Under the exclusive deal, Global and iHeartMedia will license, distribute and represent each other's chart-topping Podcast portfolios. In the UK iHeartPodcasts, the No. 1 podcast publisher globally according to Podtrac, will be available on Global Player and via DAX, Global's.

iHeartMedia and Global Sign Multi-Year Podcast Partnership Deal in the UK, Ireland and USA

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 Wells Fargo TMT Summit on Wednesday November 29th at 3:45 p.m. ET. A live webcast of the session will be available to the general public at the start of the session through a link on the Investors homepage.

iHeartMedia Chairman and Chief Executive Officer Bob Pittman and President, Chief Operating Officer & Chief Financial Officer Rich Bressler to Participate in the Wells Fargo TMT Summit

iHeartMedia, Inc. (NASDAQ:IHRT ) Q3 2023 Results Conference Call November 9, 2023 8:30 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 Dan Day - B. Riley Securities Operator Good morning.

iHeartMedia, Inc. (IHRT) Q3 2023 Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (Nasdaq: IHRT) today reported financial results for the quarter ended September 30, 2023. Financial Highlights:1 Q3 2023 Consolidated Results Q3 Revenue of $953 million, down 3.6%; slightly better than the guidance range of down mid-single digits Excluding Q3 Political Revenue, Q3 Revenue down 1% GAAP Operating income of $69 million vs. GAAP Operating loss of $211 million in Q3 2022, which included a $302 million non-cash impairment charge Consolidat.

iHeartMedia, Inc. Reports Results for 2023 Third Quarter

IHeartMedia (IHRT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate iHeartMedia (IHRT) to Report a Decline in Earnings: What to Look Out for

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SEATTLE--(BUSINESS WIRE)--Goose Insurance Services Inc., an insurance Super App offering a simple way to instantly buy insurance, announces a new marketing partnership with iHeartMedia and the rollout of nationwide on-air and digital advertising campaigns across iHeartMedia broadcast radio and digital platforms. The partnership aligns with an ongoing initiative by Goose Insurance Services to educate consumers in the U.S. about the importance of having proper insurance coverage, the risks of bei.

Goose Insurance Super App Announces Marketing Partnership with iHeartMedia

NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (NASDAQ: IHRT) announced today that on Thursday November 9th, 2023, it will issue financial results for the quarter ending September 30, 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.com/) beg.

iHeartMedia, Inc. to Report Quarterly Financial Results on November 9, 2023

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NEW YORK--(BUSINESS WIRE)--iHeartMedia announced today the lineup for the seventh annual “iHeartRadio ALTer EGO Presented by Capital One.” The biggest names in Alternative Rock will come together at the Honda Center in Anaheim on January 13, 2024 to celebrate the excitement and thrill of live Alternative Rock in front of music fans. The incredible lineup includes Paramore, The 1975, The Black Keys, Thirty Seconds to Mars, BUSH, Sum 41, Yellowcard, lovelytheband and The Last Dinner Party. iHeart.

iHeartMedia Brings Alternative Rock's Biggest Names Together Live for The 2024 “iHeartRadio ALTer EGO Presented By Capital One”

NEW YORK , Oct. 5, 2023 /PRNewswire/ -- YourTango, a leading publishing platform whose mission is to foster the human connection and whose editorial reaches over 50 million people every month, announces the launch of "Open Relationships: Transforming Together" in collaboration with iHeartMedia, the No. 1 podcast publisher globally.

YourTango Announces Groundbreaking New Podcast, "Open Relationships: Transforming Together" in Collaboration with iHeartMedia

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 iconic live music event, which captures the music and holiday spirit on iHeartRadio stations across America and the iHeartRadio app with performances by this year's biggest artists including Olivia Rodrigo, Usher, Nicki Minaj, SZA, Niall Horan, OneRepublic, AJR, Sabrina Carpenter, Miguel, Jelly Roll, Big Time Rush, NCT DREAM, Flo Rida and more

iHeartMedia Rings in the Holiday Season With Its Iconic 2023 National ‘iHeartRadio Jingle Ball Tour Presented by Capital One' With the Exclusive Broadcast Special Moving to ABC

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NEW YORK--(BUSINESS WIRE)--iHeartMedia, the No. 1 audio company in the United States which reaches nine out of 10 Americans every month, and author and podcaster Malcolm Gladwell's Pushkin Industries, today released the results of a major study conducted by Morning Consult and Advertiser Perceptions, that explores the growing disparity between consumer values and behaviors and marketing priorities in the U.S. The report underscores the increasing urgency for marketers to reset and realign their.

iHeartMedia and Malcolm Gladwell's Pushkin Industries Reveal Growing Consumer-Marketer Disconnect in Landmark Report

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New Podcast Episodes Available on Tuesdays  BURBANK, Calif. , Sept. 8, 2023 /PRNewswire/ -- This week, in celebration of International Day of Charity, Warner Bros.

Warner Bros. Unscripted Television in Collaboration with iHeartPodcasts Debuts "Six Degrees with Kevin Bacon" on International Day of Charity

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 2023 Media, Communications and Entertainment Conference on Wednesday September 13th at 9:40 a.m. ET. A live webcast of the session will be available to the general public at the start of th.

iHeartMedia Chairman and Chief Executive Officer Bob Pittman and President, Chief Operating Officer & Chief Financial Officer Rich Bressler to Participate in the BofA Securities 2023 Media, Communications and Entertainment Conference

iHeartMedia, Inc. is expected to benefit from a rebound in the advertising market and the 2024 U.S. election cycle. Despite a tough ad market, the media company reported strong cash flows and positive free cash flows in Q2 2023. iHeartMedia stock remains cheap due to the EV/S multiples and upside potential from lowering leverage.

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