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