iHeartMedia, Inc. (NASDAQ:IHRT ) Q4 2024 Earnings Call February 27, 2025 4:30 PM ET Company Participants Mike McGuinness - Head, Investor Relations Bob Pittman - Chairman and Chief Executive Officer Rich Bressler - President, Chief Operating Officer and Chief Financial Officer Conference Call Participants Jessica Reif Ehrlich - Bank of America Patrick Sholl - Barrington Research Stephen Laszczyk - Goldman Sachs Operator Good afternoon, and welcome to the iHeartMedia Q4 2024 Earnings Call. [Operator Instructions] As a reminder, this conference call is being recorded.
IHeartMedia (IHRT) came out with quarterly earnings of $0.76 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.09 per share a year ago.
SEATTLE--(BUSINESS WIRE)--The Museum of Pop Culture (MOPOP), in collaboration with iHeartMedia, is proud to present Empower Her, Acknowledge Her, Celebrate Her: International Women's Day, taking place on Wednesday, March 5, 2025, from 1:00–4:30 PM at MOPOP. This special event will bring together a diverse group of accomplished women leaders for an inspiring afternoon of storytelling, insights, and connection, reinforcing the importance of women's contributions across industries. “We are thrille.
NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (NASDAQ: IHRT) (“iHeartMedia” or the “Company”) today announced the successful completion of its previously announced comprehensive exchange transactions of iHeartCommunications, Inc.'s (“iHeartCommunications”) outstanding 6.375% Senior Secured Notes due 2026 (the “2026 Secured Notes”), 5.25% Senior Secured Notes due 2027 (the “2027 Secured Notes”), 4.75% Senior Secured Notes due 2028 (the “2028 Secured Notes”), 8.375% Senior Notes due 2027 (the “Uns.
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 challenges from a declining radio broadcasting sector and high leverage, but digital diversification shows promise. The restructuring plan extends debt maturities to 2029-2031, reducing debt by $500 million and buying 2-3 more years for equity.
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 pioneered by The Trade Desk. Designed to meet the evolving needs of audio advertising, UID2 empowers iHeartMedia's advertising partners with advanced tools for more effective targeting, precise measurement, and accurate attribution. With its unparalleled reach including 860 live broadcast and streaming ra.
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 aggregate principal amount (93.8%) of iHeartCommunications, Inc.'s (“Communications”) outstanding 6.375% Senior Secured Notes due 2026 (the “Existing 2026 Secured Notes”), $743,023,000 aggregate principal amount (99.1%) of Communications' outstanding 5.25% Senior Secured Notes due 2027 (the “Existing 2027.
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 iHeartCommunications, Inc.'s (“Communications”) outstanding 6.375% Senior Secured Notes due 2026 (the “Existing 2026 Secured Notes”), 5.250% Senior Secured Notes due 2027 (the “Existing 2027 Secured Notes”), 4.750% Senior Secured Notes due 2028 (the “Existing 2028 Secured Notes” and together with the Ex.
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 from today's biggest artists as well as Christmas classics from Bing Crosby, Dean Martin, Frank Sinatra and more 24/7. Continuing the celebration of the holiday season, the iHeartRadio Holiday Special returns this year hosted by Mario Lopez, the event will feature interviews with Dan + Shay, Jennifer.
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 Bressler - President, Chief Operating Officer and CFO Conference Call Participants Stephen Laszquez - Goldman Sachs Jim Goss - Barrington Research David Hamburger - Morgan Stanley Operator Thank you for standing by. My name is Rebecca, and I will be your conference operator today.