Iheartmedia Inc Stock Price, News & Analysis

iHeartMedia reported Q1 2022 financial results, with revenues of $843 million, marking a 19.4% increase year-over-year. The company achieved a GAAP operating income of $12 million, a turnaround from a $76 million loss in Q1 2021. Adjusted EBITDA rose 42% to $145 million, with a margin of 17.2%. Digital Audio Group revenues increased 36%, and podcast revenues surged 79%. Despite cash flows from operating activities at $(52 million) and free cash flow at $(75 million), the outlook remains positive with Q2 revenue expected to rise by 10%-14%.

iHeartMedia (NASDAQ:IHRT) and P&G are collaborating for the third annual "Can’t Cancel Pride 2022 – Proud AND Together" event this June. Set for June 14 at 8 p.m. ET, the fundraiser celebrates LGBTQ+ visibility and activism. The previous events have raised over $8.3 million for organizations like GLAAD and The Trevor Project, with 2021 attracting 6.3 million viewers. The event will stream on iHeartRadio platforms and emphasizes themes of community and strength amidst challenges faced by the LGBTQ+ community.

iHeartMedia has appointed Sarah van Mosel as Executive Vice President of the iHeart Audience Network (iAN). This new service aims to simplify audio advertising by utilizing iHeartRadio's extensive database and premium publishers, enhancing brand targeting across channels. Van Mosel, formerly Chief Revenue Officer at Stitcher, will oversee sales operations and partnerships, reporting to CEO Conal Byrne. The iAN is poised to unify audio advertising and leverage innovative technology for brand safety, positioning iHeart as a leader in the evolving audio landscape.

iHeartMedia, the leading podcast publisher globally, collaborates with Seneca Women to launch the inaugural Seneca Women Podcast Academy. This six-week program, starting in May, aims to empower ten female podcasters selected from their initiative, “Seneca Women to Hear”. Participants will receive mentorship from industry veterans, stipends, and audio equipment. iHeartMedia's recent report indicates that 50% of their new shows are hosted by women, highlighting their commitment to diversifying podcast content. The winners will produce shows for the Seneca Women Podcast Network.

iHeartMedia, Inc. (NASDAQ: IHRT) will release its financial results for Q1 2022 on May 5, 2022, at 4:30 p.m. ET. A conference call will follow, discussing the results and business outlook. Interested parties can access the call via iHeartMedia's Investors homepage or by phone at (833) 350-1328 domestically.

An audio replay will be available after 7:30 p.m. ET on the same day, lasting for 30 days. iHeartMedia reaches over 250 million individuals monthly and leads in various audio media segments.

iHeartMedia has launched a groundbreaking NFT-based media franchise called the Non-Fun Squad, integrating characters from various NFT collections into a unified audio universe. This initiative includes the creation of the Non-Fun Podcast Network, designed around these characters, enhancing audience engagement with innovative storytelling. Collaborating with Anchorage Digital, iHeart aims to leverage its extensive reach to promote Web3 products, marking a significant step in audio content innovation. The first phase will feature NFTs from renowned collections like CryptoPunk and Mutant Ape.

iHeartMedia D.C. and the Washington Commanders have entered a three-year partnership to become the exclusive radio broadcast partner for the team starting in the 2022 season. This collaboration includes live gameday broadcasts on BIG 100.3 FM and on the iHeartRadio App, significantly expanding the team's reach in the DMV area. The partnership will also provide exclusive programming and access to archived games for fans. iHeartMedia's strong market presence as a leading audio media company supports this initiative.

iHeartMedia announces the 2022 iHeartRadio KIIS FM Wango Tango summer festival, set for June 4 at Dignity Health Sports Park, Los Angeles.

Hosted by Ryan Seacrest, the event features performances from major artists including Shawn Mendes, The Chainsmokers, Camila Cabello, and more. It will be broadcast live across iHeartMedia radio stations in 94 markets.

VIP Pre-Sale begins on April 7, with general ticket sales on April 8.

iHeartMedia (NASDAQ: IHRT) announced the appointment of Sam Englebardt, General Partner of Galaxy Interactive, to its Board of Directors. Englebardt is renowned for his expertise in media, technology, and the metaverse, making him a valuable addition as iHeart expands into web3 and emerging tech platforms. His background includes significant roles at Galaxy Digital and Lambert Media Group. iHeartMedia remains the largest audio media company in the U.S., reaching over 90% of Americans monthly with leading podcast and radio assets.