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.
News about iHeartMedia, Inc. (IHRT) reflects its role as a large audio media company active across broadcast radio, digital audio, podcasts and live events. Company announcements frequently highlight programming, partnerships and events that involve both its radio networks and its broader audio platforms.
Recent press releases describe the iHeartPodcast Awards, which honor podcasters across multiple categories and are presented in partnership with South by Southwest (SXSW). The event is staged at ACL Live at the Moody Theater in Austin, Texas and is broadcast on select iHeartMedia radio stations and through the iHeartRadio app. iHeartMedia also reports on its iHeartCountry Festival, a live country music event in Austin that is presented with brand partners and carried across iHeartCountry stations and digital channels.
iHeartMedia news also covers the iHeartRadio Music Awards, an annual show produced with FOX Entertainment that recognizes the most‑played artists and songs on iHeartRadio stations and the iHeartRadio app. These announcements include details on nominees, fan‑voted categories and broadcast plans from venues such as the Dolby Theatre in Los Angeles.
Beyond events, the company issues news about partnerships and platform developments. Examples include an expanded relationship with Amazon Ads to make iHeart’s streaming audio inventory available through Amazon DSP, a multiplatform collaboration with TikTok to launch the TikTok Podcast Network and TikTok Radio, and an exclusive video podcast partnership with Netflix for selected iHeartPodcasts. Additional releases highlight creator‑focused initiatives, such as a new video podcast distribution capability within iHeartRadio and new podcast launches with high‑profile hosts.
Investors and followers of IHRT can use this news feed to review company communications on awards shows, festivals, creator partnerships, advertising relationships and financial results, all of which provide insight into how iHeartMedia presents its activities and priorities.
iHeartMedia is expanding into web3 and the metaverse, launching new events on Roblox (NYSE: RBLX) and creating tokenized communities. This initiative aims to harness its reach of over 90% of Americans monthly to raise awareness for new platforms. CEO Bob Pittman emphasized the company's unique position to drive demand for emerging technologies, aiming for a new growth layer. iHeart plans to engage 47 million daily Roblox users through immersive musical experiences and a new token that rewards creators and fans with exclusive access and NFTs.
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iHeartMedia Los Angeles partners with Children's Hospital Los Angeles for the sixth consecutive year on Giving Tuesday, November 30, raising funds to support pediatric care. Notable sponsors like DaVinci Baby and CBS Studios pledged $125,000 in matching donations. Over the past five years, the event generated more than $1 million. The campaign promotes community involvement through donations and partnerships with local businesses like Porto’s Bakery.
Listeners can donate via kost1035.com/chla or call 1-800-909-CHLA.
iHeartMedia reported Q3 2021 revenue of $928 million, a 25% increase YoY. Digital Audio Group revenue surged 77% to $205.8 million, with podcast revenue up 184%. Operating income rose to $80 million, doubling from $39 million in Q3 2020. Adjusted EBITDA reached $230 million, reflecting a 42% YoY increase. Free cash flow was $45 million. Despite political ad revenue declines, the company expects Q4 revenue growth of 10% YoY. iHeart maintains strong liquidity with $369 million in cash.
iHeartMedia has announced a multi-year partnership with DraftKings, designating DraftKings as the official odds supplier for iHeartMedia's platforms across over 160 markets in the U.S. This collaboration allows DraftKings to co-create content, access iHeartMedia's diverse personalities, and enhance audience engagement. iHeartMedia's reach includes 270 million consumers monthly, positioning DraftKings for significant exposure in digital and live sports broadcasts. Both companies anticipate innovative opportunities in experiential content and data-driven advertising.
Big Brothers Big Sisters of America (BBBSA) has appointed Tony Coles, iHeartMedia's division president, as a new board member. Coles brings significant media expertise and a commitment to mentorship, particularly in communities of color. His experience includes launching the Black Information Network, which focuses on news for the Black community. BBBSA aims to enhance equity in mentorship experiences nationwide. The board includes executives from various Fortune 500 companies, ensuring a strong leadership dynamic for advancing the organization's mission.
iHeartMedia, Inc. (NASDAQ:IHRT) has successfully repurchased and canceled all 60,000 shares of its Series A Perpetual Preferred Stock for
iHeartMedia, Inc. (NASDAQ: IHRT) will announce its financial results for Q3 2021 on November 4th, 2021. The earnings release will be followed by a conference call at 4:30 p.m. ET to discuss the results and future outlook. Investors can access the live audio webcast on iHeartMedia’s investor website. An audio replay will be available from 7:30 p.m. ET the same day for thirty days. iHeartMedia is a leading audio media company in the U.S., reaching over 250 million people monthly.
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Mattel, Warner Music Group, and iHeartMedia launched Barbie Radio, a 24-hour digital station available exclusively on iHeartRadio. The station features Barbie acting as a DJ, playing songs from her extensive catalog, including music from her latest album Barbie: Big City, Big Dreams. This initiative aims to engage children and families while promoting girl empowerment through its content. Barbie Radio can be accessed on various devices, providing an interactive musical experience for fans worldwide.