iHeartMedia, Inc. (IHRT)

NASDAQ: IHRT · Real-Time Price · USD
1.880
-0.040 (-2.08%)
At close: Dec 20, 2024, 4:00 PM
1.990
+0.110 (5.85%)
After-hours: Dec 20, 2024, 5:21 PM EST
-2.08%
Market Cap 285.97M
Revenue (ttm) 3.80B
Net Income (ttm) -1.03B
Shares Out 152.11M
EPS (ttm) -6.83
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 2,363,994
Open 1.880
Previous Close 1.920
Day's Range 1.835 - 2.005
52-Week Range 0.813 - 3.040
Beta 1.71
Analysts Buy
Price Target 3.00 (+59.57%)
Earnings Date Nov 7, 2024

About IHRT

iHeartMedia, Inc. operates as an audio media company in the United States and internationally. It operates through three segments: Multiplatform Group, Digital Audio Group, and Audio & Media Services Group. The Multiplatform Group segment offers broadcast radio stations, sponsorship and events, and live and virtual events; and operates Premiere Networks, a national radio network that produces, distributes, or represents syndicated radio programs and services to radio station affiliates. It also delivers real-time traffic flow and incident infor... [Read more]

Industry Broadcasting
IPO Date Jul 18, 2019
Employees 10,800
Stock Exchange NASDAQ
Ticker Symbol IHRT
Full Company Profile

Financial Performance

In 2023, iHeartMedia's revenue was $3.75 billion, a decrease of -4.12% compared to the previous year's $3.91 billion. Losses were -$1.10 billion, 316.6% more than in 2022.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for IHRT stock is "Buy." The 12-month stock price forecast is $3.0, which is an increase of 59.57% from the latest price.

Price Target
$3.0
(59.57% upside)
Analyst Consensus: Buy
Stock Forecasts

News

iHeartMedia: An Underpriced 'Call Option'

iHeartMedia's recent debt exchange and partial restructuring significantly increase equity value, presenting an undervalued "call option" with a potential upside of 30-50%. The company faces challenge...

1 day ago - Seeking Alpha

iHeartMedia Unveils the Next-Generation iHeartRadio App

NEW YORK--(BUSINESS WIRE)--iHeartMedia, the No. 1 audio company in America by reach, today announced the debut of its next-generation iHeartRadio app, redesigned with industry-first mobile features an...

9 days ago - Business Wire

iHeartMedia Announces Adoption of Unified ID 2.0 Through Integration with The Trade Desk to Enhance Audio Advertising

NEW YORK--(BUSINESS WIRE)--iHeartMedia, the leading audio company in the United States, today announced its adoption of Unified ID 2.0 (UID2), a privacy-focused, open-source identity framework pioneer...

10 days ago - Business Wire

iHeartMedia Announces Early Results and Modification of the Terms of the Offers and Consent Solicitations for Existing Notes and Term Loans

NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (NASDAQ: IHRT) (“iHeartMedia”, the “Company” or “we”) today announced that, as of 5:00 p.m., New York City time, on November 29, 2024, $750,585,122 aggrega...

17 days ago - Business Wire

iHeartMedia Los Angeles' Ellen K Morning Show on KOST 103.5 and KTLA Join Children's Hospital Los Angeles to Launch Ninth Annual Season of Giving Fundraising Campaign on Tuesday, Dec. 3

LOS ANGELES--(BUSINESS WIRE)--iHeartMedia Los Angeles' Ellen K Morning Show on KOST 103.5 and KTLA will join Children's Hospital Los Angeles (CHLA) on Giving Tuesday, Dec. 3, to celebrate the global d...

18 days ago - Business Wire

iHeartMedia Announces Exchange Offers and Consent Solicitations for Existing Notes and Term Loans

NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (NASDAQ: IHRT) (“iHeartMedia”, the “Company” or “we”) announced the November 15, 2024 commencement of (i) exchange offers (the “Exchange Offers”) for iHear...

4 weeks ago - Business Wire

iHeartMedia Celebrates the Holiday Season with Annual Holiday Music Flip Across Broadcast Stations Nationwide and the Return of the “iHeartRadio Holiday Special”

NEW YORK--(BUSINESS WIRE)--iHeartMedia announced that the annual station flip to holiday music kicks off today with more than 85 stations across the country broadcasting the season's festive music fro...

5 weeks ago - Business Wire

iHeartMedia, Inc. (IHRT) Q3 2024 Earnings Call Transcript

iHeartMedia, Inc. (NASDAQ:IHRT) Q3 2024 Results Conference Call November 7, 2024 8:30 AM ET Company Participants Mike McGuinness - Head, Investor Relations Bob Pittman - Chairman and CEO Rich Bressle...

6 weeks ago - Seeking Alpha

iHeartMedia, Inc. Reports Results for 2024 Third Quarter

NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (Nasdaq: IHRT) today reported financial results for the quarter ended September 30, 2024. Financial Highlights:1 Announced Debt Exchange Transactions and C...

6 weeks ago - Business Wire

iHeartMedia Enters into Transaction Support Agreement to Strengthen Balance Sheet

NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (NASDAQ: IHRT) (“iHeartMedia” or the “Company”) today announced that it and certain of its subsidiaries (collectively with the Company, the “iHeartMedia Pa...

6 weeks ago - Business Wire

Radio giant iHeart Media slashes hundreds of jobs amid industry struggles

IHeart Media is slashing hundreds of jobs as the debt-ridden radio and podcast giant has been crushed by music streaming, The Post has learned.

6 weeks ago - New York Post

iHeartMedia, Inc. to Report Quarterly Financial Results on November 7, 2024

NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (NASDAQ: IHRT) announced today that on Thursday November 7th, 2024, it will issue financial results for the quarter ending September 30, 2024. The company ...

2 months ago - Business Wire

iHeartMedia Brings Alternative Rock's Biggest Names Together Live for the 2025 “iHeartRadio ALTer EGO Presented by Capital One”

NEW YORK--(BUSINESS WIRE)--iHeartMedia announced today the lineup for the eighth annual “iHeartRadio ALTer EGO Presented by Capital One.” The biggest names in Alternative Rock will come together inclu...

2 months ago - Business Wire

iHeartMedia and Whalar Group Announce Partnership to Expand Opportunities for Creators and Marketers and Build Scale Through iHeart's Industry-Leading Audio Platforms

NEW YORK--(BUSINESS WIRE)--iHeartMedia, the #1 audio company in America by reach, and Whalar Group, the leading global Creator Company on a mission to liberate creative voices , today announced a uniq...

2 months ago - Business Wire

iHeartMedia Rings in the Holiday Season with Its Iconic 2024 National ‘iHeartRadio Jingle Ball Tour 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 iconic holiday music e...

3 months ago - Business Wire

iHeartMedia: Beneficiary Of 2 Big Cycles

iHeartMedia, Inc. benefits from political ad spending and interest rate cuts, generating positive cash flows to repay debt despite debt concerns. The company forecasts 2024 political ad revenue to ris...

3 months ago - Seeking Alpha

New Study From iHeartMedia and Malcolm Gladwell's Pushkin Industries Finds Consumers Feel Increasingly Ignored By Advertisers – And Provides Key Insights to Help Marketers Reach the 44 Percent of Consumers Who Feel Unserved

NEW YORK--(BUSINESS WIRE)--iHeartMedia, the No. 1 audio company in the United States with 9 out of 10 Americans listening to iHeart broadcast radio every month, in partnership with bestselling author ...

3 months ago - Business Wire

Airtasker Turbocharges U.S. Expansion with $9.75 Million Strategic Media Partnerships with iHeartMedia and TelevisaUnivision

LOS ANGELES--(BUSINESS WIRE)--Airtasker (ASX: ART), the global marketplace for local services, today announced strategic media partnerships with leading U.S. media giants iHeartMedia (iHeart) and Tele...

3 months ago - Business Wire

iHeartMedia, Inc. (IHRT) Q2 2024 Earnings Call Transcript

iHeartMedia, Inc. (IHRT) Q2 2024 Earnings Call Transcript

4 months ago - Seeking Alpha

iHeartMedia, Inc. Reports Results for 2024 Second Quarter

NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (Nasdaq: IHRT) today reported financial results for the quarter ended June 30, 2024. Financial Highlights:1 Q2 2024 Consolidated Results Q2 Revenue of $929...

4 months ago - Business Wire

iHeartMedia, Inc. to Report Quarterly Financial Results on August 8, 2024

NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (NASDAQ: IHRT) announced today that on Thursday August 8th, 2024, it will issue financial results for the quarter ending June 30, 2024. The company will co...

5 months ago - Business Wire

Women's Sports Audio Network Announces Slate of Original Shows Across a Range of Sports, Adding Capital One and e.l.f as Founding Partners

NEW YORK--(BUSINESS WIRE)--Today, iHeartMedia and Deep Blue Sports + Entertainment announced the inaugural lineup of original podcast shows for WSAN, the first-ever audio platform dedicated exclusivel...

6 months ago - Business Wire

Undercovered Dozen June 7-13: TeraWulf, Luckin Coffee, iHeartMedia And More

The 'Undercovered' Dozen highlights twelve ideas from the previous week on stocks with limited coverage. Aehr Test Systems, Rentokil, and first-time coverage for AI-focused Brand Engagement Network ar...

Other symbols: WULF
6 months ago - Seeking Alpha

EasyKnock Launches Marketing Partnership With iHeartMedia

NEW YORK--(BUSINESS WIRE)--EasyKnock, the first home equity solution platform, has entered into an expansive marketing partnership with iHeartMedia which will include nationwide on-air and digital adv...

7 months ago - Business Wire

Allison Russell, Billy Porter, Ben Platt, David Archuleta, Meghan Trainor, Melissa Etheridge, Orville Peck, RAYE, Victoria Monét and More Join P&G and iHeartMedia's Fifth Annual Can't Cancel Pride 2024 on June 12

NEW YORK--(BUSINESS WIRE)--iHeartMedia and P&G will once again join forces during Pride Month for the return of Can't Cancel Pride - an evening recognizing the impact of both music and LGBTQ+ organiza...

7 months ago - Business Wire