Iheartmedia Inc Stock Price, News & Analysis

BIN: Black Information Network has announced its first-ever nonprofit collaboration with The Obama Foundation to enhance community engagement with youth. The multi-year partnership combines BIN's mission of providing fact-based news with a Black voice with the Foundation's goal of empowering communities. The collaboration will showcase the Foundation's various programs including the Leaders Program, My Brother's Keeper Alliance, and Girls Opportunity Alliance. BIN will also support the upcoming Obama Presidential Center's 2026 opening by sharing stories about President Obama's legacy and community initiatives. Tony Coles, BIN's President, emphasized the partnership's focus on delivering unbiased information and promoting civic engagement, while Valerie Jarrett, CEO of the Obama Foundation, highlighted their shared goal of inspiring collective action for equity.

iHeartMedia (IHRT) and Bloomberg Media have renewed their podcast partnership, extending iHeartMedia's role as the exclusive distributor of Bloomberg's podcast catalog. Since 2021, the collaboration has produced over 30 podcasts focused on business and finance. The renewed agreement includes the continuation of successful shows like Big Take, In Trust, and Bloomberg Crypto, alongside new launches such as "Levittown" and "Everybody's Business".

The partnership leverages iHeartMedia's position as the #1 global podcast publisher according to Podtrac, combining Bloomberg's high-quality content with iHeart's extensive audience reach. Bloomberg's podcast portfolio covers analysis and insights across business, finance, economics, politics, technology, healthcare, and sports.

iHeartMedia (IHRT) reported Q1 2025 financial results with revenue of $807 million, up 1.0% year-over-year. The company's Digital Audio Group showed strong performance with revenue up 16% to $277 million, driven by podcast revenue growth of 28% to $116 million. However, the Multiplatform Group saw revenue decline 4.2% to $473 million due to decreased broadcast advertising. The company reported a GAAP operating loss of $25 million, improved from $35 million loss in Q1 2024. Adjusted EBITDA remained flat at $105 million. Looking ahead, iHeartMedia expects Q2 consolidated revenue to decline in low-single digits with Adjusted EBITDA projected between $140-160 million. The company maintained a cash balance of $168 million with total available liquidity of $559 million as of March 31, 2025.

iHeartMedia (Nasdaq: IHRT) has appointed David Hillman as Executive Vice President, Chief Legal Officer and Secretary. In his new position, Hillman will manage all legal matters, including compliance, regulatory and corporate governance functions, along with Government Affairs, Business Affairs and Privacy teams.

Hillman brings extensive media experience, most recently serving as Chief Legal Officer at Venu Sports, a sports streaming joint venture between ESPN, FOX and Warner Bros. Discovery. His previous roles include EVP and General Counsel positions at CBS Sports, CBS News & Stations, Simon & Schuster, and Westwood One.

Bob Pittman, Chairman and CEO of iHeartMedia, highlighted Hillman's relevant experience across media businesses and familiarity with the audio industry as key factors in his appointment to help maintain iHeart's position as America's #1 audio company.

iHeartMedia, the global leader in podcasting, has announced plans to launch multi-language podcasts in the Asian market through a partnership with Mammoth Media Asia. The initiative will debut in June 2025, focusing on content from high-profile Asian hosts across music, entertainment, sports, and wellness categories.

The Asia Pacific podcast market, valued at $373.57 million in 2024, is projected to grow at a 30.2% CAGR, reaching $3.1 billion by 2031. The expansion will feature content from various Asian entertainment sectors, including K-pop, Bollywood, and China's hip-hop scene. The partnership also aims to extend iHeartPodcasts' current catalogue of 800+ shows throughout Asia.

The collaboration will be led by Jonathan Serbin, former Warner Music executive, and Jay Faires, head of The Wellness Agency, who recently founded Mammoth Media Asia. The podcasts will be available in Asia and globally through the iHeartRadio app and other podcast platforms.

iHeartMedia (NASDAQ: IHRT) announced that Board member Brad Gerstner, founder and CEO of Altimeter Capital, will not seek re-election to the Board of Directors. Gerstner, who joined the board in 2019, is stepping down to focus on his commitments to Altimeter and philanthropic activities.

The company has nominated Robert Millard to stand for election at the 2025 Annual Meeting on May 13th for the vacant board seat. Millard brings extensive experience as a Director of Evercore, co-founder and former Chairman of L3 Technologies, and Lead Director of L3Harris Technologies. He previously served as Chairman of the MIT and held senior roles at Lehman Brothers.

During his tenure, Gerstner contributed significantly to iHeartMedia's technology transitions and revenue opportunities in the data-focused marketplace. The company aims to leverage its position in audio content, including talk, podcasts, and radio, particularly in the emerging AI landscape.

iHeartMedia and FOX Entertainment have announced the 2025 iHeartRadio Music Awards, scheduled to air LIVE on March 17 from Dolby Theatre in Los Angeles. The event will be hosted by LL COOL J and feature performances by Bad Bunny, Billie Eilish, GloRilla, Gracie Abrams, Kenny Chesney, Muni Long, and Nelly.

Nelly will receive the 2025 iHeartRadio Landmark Award for his cultural impact spanning multiple decades. Lady Gaga will be honored with the 2025 iHeartRadio Innovator Award, while Mariah Carey will receive the 2025 iHeartRadio Icon Award. The show will also feature an exclusive performance from Taylor Swift's Eras Tour opening night.

The 12th annual event will celebrate the most-played artists on iHeartRadio throughout 2024 and include fan voting categories. The awards show will also support wildfire relief efforts through Fireaidla.org.

Kidde, a fire safety leader, has expanded its Cause For Alarm™ program through a collaboration with The Home Depot and iHeartMedia to enhance home safety awareness. The initiative includes local events at Home Depot stores, promotional support, and donations to fire departments.

Since launching in 2022, the program has focused on promoting fire and CO safety education. Kidde has donated over $6.4 million worth of smoke and CO alarms across North America in the past three years. Recently, they announced an additional $400,000 product donation for the greater New York area, while iHeartMedia New York contributed $25,000 to the FDNY Foundation.

The campaign will host safety events in New York, Philadelphia, Los Angeles, and Atlanta, featuring community engagement, safety information, and a new 'Cause For Alarm' pledge. The first event was held on March 1 at The Home Depot in the Bronx, NY, offering giveaways and fire safety activities with FDNY participation.