iHeartMedia (IHRT) Stock News, Apr-Jun 2025

iHeartMedia (IHRT), the global leader in podcast publishing, announced the translation of 10 popular podcasts into 6 new languages: Spanish, French, Arabic, Portuguese, Hindi, and Mandarin. The initiative includes hit shows like 'On Purpose with Jay Shetty' and 'Revisionist History with Malcolm Gladwell.' This expansion responds to growing global podcast listenership, particularly in Latin America, Europe, India, and Asia. The move aligns with iHeartPodcasts' mission to increase accessibility and inclusivity, following other initiatives like iHeart Women's Sports platform and the Black Effect Podcast Festival. The translated content is available on iHeartRadio and major podcast platforms, with plans to expand to more shows and languages in the future.

iHeartMedia's My Cultura podcast network announced an expanded partnership with Eva Longoria, with her Hyphenate Media Group acquiring an equity stake and joining the Board of Advisors. The deal includes executive production of new original podcasts, building on Longoria's existing shows like 'Hungry for History.' My Cultura, celebrating its fourth anniversary, has shown significant growth with downloads up 48% and listeners up 59% year-over-year. The network, which launched in 2021 in collaboration with Enrique Santos, now hosts over 55 podcasts. This expansion follows Wilmer Valderrama becoming a stakeholder in September 2024. The partnership aims to elevate Latino voices, with Hispanic American podcast listenership growing at nearly triple the rate of the U.S. population, reaching 43% monthly listeners.

iHeartMedia has announced the star-studded lineup for its 2025 iHeartRadio Music Festival, scheduled for September 19-20 at T-Mobile Arena in Las Vegas. The festival, presented by Capital One, will feature performances by major artists including Ed Sheeran, Mariah Carey, Maroon 5, Lil Wayne, and Tim McGraw. Ryan Seacrest will host the two-day event, which will be broadcast live on iHeartMedia radio stations across 150+ markets. Hulu will serve as the Official Streaming Destination, offering exclusive livestreams to subscribers. Capital One cardholders get priority presale access from June 11-13, with special Access Pass options for exclusive pre-show parties. General public tickets will be available on AXS.com starting June 13.

iHeartMedia and BIG3 have announced a major multiplatform partnership making iHeartRadio the exclusive audio home for BIG3's eighth season basketball games. The partnership includes live game streaming on iHeartRadio, cross-marketing collaboration across iHeartMedia's platforms, and significant branding elements including national jersey patches for all eight city-based teams. The season begins June 14, 2025, in Chicago, featuring notable players like Dwight Howard and Kemba Walker. iHeartMedia will provide comprehensive coverage through broadcast radio, podcasts, digital, social, and live events, with focused promotion in key markets including Los Angeles, Miami, Chicago, and Dallas.

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.

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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.