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.
iHeartMedia Inc (IHRT) stands as a leader in multiplatform audio entertainment, combining broadcast radio dominance with digital streaming innovation. This dedicated news hub provides investors and industry professionals with essential updates on corporate developments, financial milestones, and strategic initiatives shaping the evolving audio media landscape.
Access real-time announcements including quarterly earnings reports, content partnership expansions, and technological advancements across iHeartMedia's three core segments: broadcast networks, digital platforms like iHeartRadio, and media services infrastructure. Our curated collection simplifies tracking of regulatory filings, leadership changes, and market positioning moves critical for informed analysis.
Key coverage areas include advertising revenue trends, podcasting ecosystem growth, live event sponsorships, and broadcast technology upgrades. Bookmark this page for streamlined access to press releases, SEC filings, and expert analyses that matter most for understanding IHRT's performance in competitive media markets.
EasyKnock, a home equity solution platform, has announced an extensive marketing partnership with iHeartMedia, focusing on nationwide on-air and digital advertising. This collaboration aims to raise awareness about EasyKnock's unique service that enables homeowners to convert home equity into cash while staying in their homes, irrespective of their credit scores or lender requirements. CEO Jarred Kessler emphasized the significant opportunity presented by iHeartMedia's widespread and engaged audience. Joe Robinson, President of Corporate Development and Ventures for iHeartMedia, expressed optimism about the value this partnership will bring to listeners.
Can't Cancel Pride, now in its fifth year, will air on June 12 at 8 p.m. ET / 5 p.m. PT. The event includes performances by Billy Porter, Allison Russell, Ben Platt, Meghan Trainor, and others. Hosted by Billy Porter, who will also receive the Elton John Impact Award, the event aims to raise funds and visibility for LGBTQ+ organizations like GLAAD and The Trevor Project. The benefit has raised over $14 million since its inception and reached 23 million viewers in 2023 alone. Streaming platforms include iHeartRadio’s YouTube and Facebook pages, Hulu, Revry, and The Advocate Channel.
iHeartMedia awarded Every Mother Counts with its Spotlight Media Grant to raise awareness about the maternal health crisis in the United States. The campaign aims to address the rising maternal mortality rate, particularly among Black women, through a series of PSAs airing on 840 iHeart radio stations and digital campaigns. The partnership underscores the importance of safe and equitable pregnancy and childbirth for all.
iHeartMedia, Inc. reported Q1 2024 revenue of $799 million, down 1.5%. Adjusted EBITDA was $105 million, within guidance. Digital Audio Group revenue rose 7%, Podcast revenue up 18%. Multiplatform Group revenue down 7%. Cash balance of $361 million with $788 million liquidity. Q2 revenue expected flat, Adjusted EBITDA $140-160 million. Positive EBITDA growth, confident in 2024 recovery.
NBCUniversal has chosen iHeartMedia as its exclusive audio partner for the Olympic Games Paris 2024. iHeartRadio will provide 24/7 play-by-play audio channels of select NBCU linear coverage, create an original Olympic iHeartPodcast, produce Olympic-specific episodes from top podcasts, and promote tune-in for NBCU’s coverage. The partnership aims to engage Olympic fans through various audio platforms and podcasts.
FAQ
What is the current stock price of Iheartmedia (IHRT)?
What is the market cap of Iheartmedia (IHRT)?
