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iHeartMedia, Inc. reports developments across its U.S. audio media business, including broadcast radio, podcasting, digital audio advertising, live events and audio technology. The company operates through the Multiplatform Group, Digital Audio Group, and Audio & Media Services Group, with recurring updates tied to advertising products, audience research, partnerships, music events and financial results.
Company news commonly covers iHeartRadio programming and awards shows, podcast and digital audio monetization, broadcast-radio attribution tools, consumer and advertiser studies, and quarterly earnings releases that discuss segment revenue, Adjusted EBITDA, liquidity and business outlook.
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.
iHeartMedia and FOX Entertainment announced that the 2022 iHeartRadio Music Awards will air live on March 22 from The Shrine Auditorium in Los Angeles. The show will feature performances from notable artists including Jennifer Lopez, who will receive the Icon Award, and various other top performers. The awards celebrate the most-played artists and songs on iHeartRadio stations in 2021, with fan voting for several categories ongoing until March 15. iHeartMedia continues to solidify its leading position in the audio media landscape.
iHeartMedia (Nasdaq: IHRT) announced that Chairman and CEO Bob Pittman and President Rich Bressler will participate in a Q&A session at Deutsche Bank’s 30th Annual Media, Internet & Telecom Conference. This event is scheduled for March 15th at 2:50 p.m. ET in Palm Beach, Florida. A live webcast will be accessible to the public via iHeartMedia’s Investors homepage, with a replay available afterward. iHeartMedia is a leading audio media company, reaching over 250 million people monthly, excelling in broadcast, digital streaming, and podcasting.
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iHeartMedia and FOX Entertainment announced that LL COOL J will host and perform at the 2022 iHeartRadio Music Awards live from The Shrine Auditorium, Los Angeles on March 22. Jennifer Lopez will receive the iHeartRadio Icon Award for her cultural impact and success, including over $3 billion in box-office gross and 75 million records sold. The awards will feature performances and celebrate the most-played artists from 2021, with fan voting for several categories open until March 15.
iHeartMedia (Nasdaq: IHRT) reported its Q4 and full-year 2021 financial results, highlighting a 14% YoY revenue increase to $1,062 million. Noteworthy growth was seen in the Digital Audio Group, with revenue soaring 59% YoY and podcast revenue up 130% YoY. Adjusted EBITDA rose 11% YoY to $294 million, while free cash flow stood at $52 million. The company reduced its term loan by $250 million in July and repurchased $60 million in preferred stock in October. iHeartMedia anticipates 18.3% revenue growth in Q1 2022, driven by robust advertising demand.
Veritone (NASDAQ: VERI) and iHeartMedia (NASDAQ: IHRT) announced a collaboration to utilize Veritone’s synthetic voice solution for podcast content. This technology enables iHeartMedia to create verified synthetic voices, transforming them into various languages and accents. Initially, popular podcasts will be translated for Spanish-speaking audiences, aiming to expand iHeartMedia's reach in the podcast market. The solution promises to lower production costs while retaining the authenticity of the original voice talent, thus unlocking new revenue streams for both companies.
iHeartMedia, the largest audio media company in the U.S., has announced a partnership with Sounder, an audio intelligence platform. This collaboration aims to enhance monetization, brand safety, and content discoverability for podcasts. By utilizing Sounder’s Audio Data Cloud, iHeartMedia will provide creators with AI and Machine Learning tools for insights to boost growth. iHeartMedia has also invested in Sounder’s Series A round. The initiative is set to improve targeted advertising, ensuring a safe environment for advertisers across iHeart's extensive podcast network, which boasts over 392 million downloads monthly.
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