Welcome to our dedicated page for Iheartmedia news (Ticker: IHRT), a resource for investors and traders seeking the latest updates and insights on Iheartmedia stock.
iHeartMedia Inc (IHRT) stands as a leader in multiplatform audio entertainment, combining broadcast radio dominance with digital streaming innovation. This dedicated news hub provides investors and industry professionals with essential updates on corporate developments, financial milestones, and strategic initiatives shaping the evolving audio media landscape.
Access real-time announcements including quarterly earnings reports, content partnership expansions, and technological advancements across iHeartMedia's three core segments: broadcast networks, digital platforms like iHeartRadio, and media services infrastructure. Our curated collection simplifies tracking of regulatory filings, leadership changes, and market positioning moves critical for informed analysis.
Key coverage areas include advertising revenue trends, podcasting ecosystem growth, live event sponsorships, and broadcast technology upgrades. Bookmark this page for streamlined access to press releases, SEC filings, and expert analyses that matter most for understanding IHRT's performance in competitive media markets.
On September 30, 2022, Mattress Firm announced the launch of a new podcast series titled "Chasing Sleep", produced in collaboration with iHeartMedia. Hosted by wellness expert Anahad O'Connor, the eight-episode series will feature stories from various individuals including ultra-marathon runners and astronauts, focusing on their unique sleep challenges. The podcast aims to combat Junk Sleep and promote better sleep habits, aligning with Mattress Firm's mission to help individuals improve their rest for better living.
Neustar, a TransUnion company, announced a partnership with iHeartMedia to enhance marketing attribution by integrating broadcast radio data into Neustar's Unified Measurement Solution. This new offering allows advertisers to measure the impact of radio alongside other channels, improving insights into consumer behavior. With radio reaching over 90% of Americans monthly, this collaboration aims to optimize marketing strategies for brands, offering a comprehensive view of advertising effectiveness across platforms.
iHeartMedia has launched iHeartLand on Roblox, a metaverse destination merging gaming, live events, music, and entertainment. Users can collect sound energy to power custom music studios and engage in daily quests in the State Farm Neighborhood featuring Jake from State Farm. The launch includes performances by artist Lauv on September 16 and Charlie Puth on October 7, among 20 planned events. The Intel House of Wonder will enhance user experiences with unique installations. iHeartMedia aims to leverage its extensive reach to attract younger audiences through this innovative platform.
iHeartMedia and Warner Music Group have announced a multi-year partnership to co-produce a variety of podcasts under iHeart's leading podcast network. This collaboration aims to include both weekly shows and special limited-run series, beginning this fall. Warner's new podcast network, Interval Presents, launched in April 2022, intends to deliver culture-forward content featuring popular artists. The partnership will leverage iHeartMedia's robust distribution and advertising capabilities, aiming to expand the reach and launch new podcasts that amplify diverse voices.
iHeartMedia (Nasdaq: IHRT) announced that CEO Bob Pittman and CFO Rich Bressler will engage in a Q&A session at the Goldman Sachs Communacopia + Technology Conference on September 13 at 1:45 p.m. ET. The session will be webcast live, accessible via the iHeartMedia Investors homepage, with a replay available afterward. iHeartMedia is a leading audio media company in the U.S., reaching over 250 million people monthly and excelling in both broadcast and digital streaming radio, podcasting, and audio advertising technology.
iHeartMedia, Inc. (Nasdaq: IHRT) announced that its CEO Bob Pittman and CFO Rich Bressler will participate in a Q&A session at the BofA Securities 2022 Media, Communications and Entertainment Conference on Thursday, September 8th at 4:10 p.m. ET. A live webcast will be accessible to the public via iHeartMedia’s investor homepage. iHeartMedia is a leading audio media company in the U.S., reaching over 250 million people monthly, excelling in both broadcast and digital streaming radio, podcasting, and audio ad tech.
iHeartMedia has launched iHeartLand, a unique entertainment space within Fortnite, which will host 20 major events at State Farm Park over the next year. The opening event features Charlie Puth's first concert in the metaverse on September 9. This innovative venue aims to merge music, gaming, and fan interaction, offering events like album release parties and interactive performances. Additionally, iHeartLand will include minigames and immersive experiences designed to enhance fan engagement.
iHeartMedia announces the launch of a new weekday radio show, “Way Up with Angela Yee,” hosted by the award-winning media personality Angela Yee. The show is set to air across more than 30 iHeartMedia stations, including New York’s Power 105.1, starting Fall 2022. Yee, a veteran in the media landscape, will engage listeners with interactive content covering relationships, culture, and news. Angela Yee will depart from her role in “The Breakfast Club” to focus on this new venture, solidifying her influence in the audio media industry.
iHeartMedia reported Q2 2022 results with consolidated revenues of $954 million, an 11% increase year-over-year, aligning with guidance. GAAP operating income reached $83 million, significantly up from $28 million in Q2 2021. Adjusted EBITDA climbed 29% YoY to $237 million, with a margin of 24.9%. Digital Audio revenue surged 28% to $253 million, driven by podcast growth of 60%. Free Cash Flow was $106 million, reflecting strong cash generation and proactive capital management strategies.
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