Profile
Sector:
Communication ServicesIndustry:
BroadcastingCountry:
United StatesIPO:
01 July 2019Website:
http://www.iheartmedia.comNext earnings report:
08 August 2024Last dividends:
N/ANext dividends:
N/APrice
after hours | 98 min agoDividend
Analysts recommendations
Institutional Ownership
IHRT Latest News
iHeartMedia, Inc. anticipates a significant increase in advertising revenue during the 2024 U.S. Presidential election cycle. The company has experienced growth in its Digital Audio Group and Podcast division, offering potential for sustained expansion. iHeartMedia stock is currently trading at approximately 5.5 times EV/EBITDA targets.
IHeartMedia (IHRT) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.54 per share a year ago.
Radio has leaned on loyal local audiences over the years. It also has the appeal of offering tickets and other prizes in call-in contests.
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.
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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.
iHeartMedia's (IHRT) new podcast, The Whistleblowers: Inside The Trump Administration, uncovers the individuals who played a pivotal role in the government revelations that had a seismic impact on America.
iHeartMedia, Inc. reported a weak Q1 2023, but the key adjusted EBITDA number beat guidance. The media company grew crucial podcast revenue at a 12% clip despite the tough ad market. iHeartMedia stock is priced for an economic collapse, while the company has been busy buying their debt at a discount.
"We're not competitive with the music services – we're synergistic. The consumer uses us both," says the iHeartMedia CEO.
What type of business is iHeartMedia?
iHeartMedia, Inc. operates as a media and entertainment company worldwide. 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 live and virtual events; and operates Premiere Networks, a national radio network that produces, distributes, or represents approximately 120 syndicated radio programs and services to approximately 6,400 radio station affiliates. It also delivers real-time traffic flow and incident information, and weather updates, sports, and news through approximately 2,100 radio stations and 170 television affiliates, and Internet and mobile partnerships. As of December 31, 2021, this segment owned 863 radio stations, which included 249 AM and 614 FM radio stations. The Digital Audio Group segment provides podcasting, digital sites, newsletters, digital services, and programs; and iHeartRadio, a mobile app and web-based service for radio stations, digital-only stations, custom artist stations, and podcasts. The Audio and Media Services Group segment engages in the media representation business. This segment also provides cloud and on-premises broadcast software, such as radio and television automation, music scheduling, newsroom automation, advertising sales management, disaster recovery solutions; and real-time audio recognition technology to approximately 10,000 radio and television stations, cable channels, record labels, advertisers, and agencies, as well as media streaming and research services. The company was formerly known as CC Media Holdings, Inc. and changed its name to iHeartMedia, Inc. in September 2014. iHeartMedia, Inc. is headquartered in San Antonio, Texas.
What sector is iHeartMedia in?
iHeartMedia is in the Communication Services sector
What industry is iHeartMedia in?
iHeartMedia is in the Broadcasting industry
What country is iHeartMedia from?
iHeartMedia is headquartered in United States
When did iHeartMedia go public?
iHeartMedia initial public offering (IPO) was on 01 July 2019
What is iHeartMedia website?
https://www.iheartmedia.com
Is iHeartMedia in the S&P 500?
No, iHeartMedia is not included in the S&P 500 index
Is iHeartMedia in the NASDAQ 100?
No, iHeartMedia is not included in the NASDAQ 100 index
Is iHeartMedia in the Dow Jones?
No, iHeartMedia is not included in the Dow Jones index
When does iHeartMedia report earnings?
The next expected earnings date for iHeartMedia is 08 August 2024