Iheartmedia Inc Stock Price, News & Analysis

Catalina has partnered with iHeartMedia to enhance podcast advertising effectiveness by measuring its impact on offline sales for CPG brands. This collaboration aims to provide insights into marketing investments, improving attribution of podcast ads to in-store sales. Brian Dunphy from Catalina highlighted that over 115 million people in the U.S. are expected to listen to podcasts this year, with advertising in this sector projected to double in the next five years. The partnership also extends to audience measurements within iHeartMedia's SmartAudio platform.

iHeartMedia has partnered with the National Women’s Soccer League (NWSL) to launch a dedicated NWSL Radio station on iHeartRadio for the 2021 season. This initiative will provide free live audio streams of two major league games weekly, with replays available throughout the week. This exclusive agreement represents the NWSL's first live audio partnership. The station will debut on May 15, featuring the NJ/NY Gotham FC vs. Houston Dash match. iHeartMedia aims to enhance the visibility of women's professional sports through this partnership.

iHeartMedia and FOX announced Usher as the host and performer for the 2021 iHeartRadio Music Awards on May 27, airing live from The Dolby Theatre in Los Angeles. The event features performances from major artists like The Weeknd, Ariana Grande, and Bruno Mars. Elton John will receive the iHeartRadio Icon Award with a special tribute. The awards celebrate the most-played artists of 2020 and allow fans to vote for various categories. Social voting runs until May 19. The show highlights the importance of fan engagement in the music industry.

iHeartMedia (Nasdaq: IHRT) reported Q1 2021 results showing a revenue decline of 9.5% YoY, totaling $707 million. Excluding political revenue, the drop was 7%. However, the results surpassed expectations, driven by a strong Digital Audio Group that saw a 70% revenue increase. The company reported a GAAP operating loss of $76 million, significantly less than last year’s $1.7 billion loss due to impairment charges. iHeart's cash balance stood at $529 million, with an expectation to return to 2019 Adjusted EBITDA levels by year's end.

iHeartMedia (NASDAQ: IHRT) has launched a pioneering Private Marketplace, enhancing programmatic advertising capabilities across its extensive podcast library. The platform, developed through the acquisition of Voxnest, enables advertisers to create customized marketplaces targeting specific audiences by content, geography, and psychographics. It provides access to a diverse array of podcast categories, including the leading shows like “Stuff You Should Know.” This initiative marks a significant advancement in podcast advertising, allowing brands to optimize their campaigns with targeted inventory across iHeartMedia’s expansive reach.

iHeartMedia, Inc. (NASDAQ: IHRT) will announce its financial results for the quarter ending March 31, 2021, on May 6, 2021. A conference call will follow at 4:30 p.m. ET, accessible via the company's Investors homepage or by phone. The call will include a live audio webcast, with replay available later in the evening. iHeartMedia is recognized as the leading audio media company in America, reaching over 250 million people monthly. It excels in broadcast and digital radio, podcasting, and audio advertising technology.

Big Brothers Big Sisters of America (BBBSA) has partnered with iHeartMedia to enhance outreach for youth mentorship on over 850 radio stations. This initiative is part of the Communities Spotlight Media Grant Program, aiming to combat systemic racism and promote social justice. The program will feature public service announcements from current youth, focusing on the urgent need for mentors, particularly Black men. BBBSA's mission aligns with Justice, Equity, Diversity, and Inclusion (JEDI), addressing the current issue of 30,000 youth awaiting mentors.

iHeartMedia has announced an exclusive partnership with the NFL to launch the NFL Podcast Network, enhancing its position as the leading global podcast publisher. This collaboration will distribute existing NFL podcasts and produce two dozen new original shows, focusing on NFL history and fan engagement. Prominent figures from both organizations emphasized the potential to deliver compelling content to a vast audience, with new podcasts expected to debut by summer 2021. This strategic move positions iHeartMedia to reach millions of NFL fans through diverse audio experiences.

The 2021 iHeartRadio Music Awards nominees were announced by iHeartMedia and FOX, set to air live on May 27 from The Dolby Theatre, Los Angeles. Celebrating the most-played artists and songs on iHeartRadio, the show features multiple awards and live performances. Social voting begins April 7, allowing fans to influence categories including Best Fan Army and Best Lyrics. The event returns after a pandemic-related cancellation in 2020, which honored winners through radio broadcasts.