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 and Pushkin Industries released a study revealing that 44% of Americans feel ignored by advertisers. The research, conducted by Morning Consult, Advertiser Perceptions, and Critical Mass Media, highlights a disconnect between marketers' perceptions and consumers' realities. Key findings include:
1. 72% of consumers don't want to buy from brands ignoring them, while 75% would pay more for brands sharing their values.
2. Consumers are increasingly uncomfortable with hyper-targeting, with 67% disliking targeted ads.
3. Consumers prioritize religion and law and order twice as much as marketers do.
4. Consumers define luxury differently, focusing on practical indulgences rather than designer labels.
The study aims to help marketers better understand and serve key audience segments, emphasizing the importance of aligning marketing strategies with consumers' real values and priorities.
Airtasker (ASX: ART), a global marketplace for local services, has announced strategic media partnerships with iHeartMedia and TelevisaUnivision to accelerate its U.S. expansion. These partnerships, valued at $9.75 million, aim to boost brand recognition and growth across the country. TelevisaUnivision will receive a minority equity stake in Airtasker USA, while iHeartMedia will leverage its extensive audio advertising network.
The collaborations build on Airtasker's successful international growth strategy, replicating its Australian success where a similar partnership led to over 60% brand awareness and 20x revenue growth. These partnerships will enable Airtasker to reach diverse audiences, including the influential Hispanic demographic, through various media channels including radio, digital platforms, and podcasts.
iHeartMedia announces the return of the House of Music at the 2024 iHeartRadio Music Festival, a mixed-reality immersive experience inspired by main stage artists. The free event, open to the public on September 20 and 21 from 4 p.m. to 1 a.m. at Toshiba Plaza outside T-Mobile Arena, features over 12 interactive rooms showcasing artists like Camila Cabello, Doja Cat, and Gwen Stefani.
Guests can explore artist-inspired spaces, engage with brand experiences, and earn digital points for prizes. The festival itself, hosted by Ryan Seacrest, will feature performances by A$AP Rocky, Dua Lipa, The Weeknd, and more. Tickets are available on AXS.com, and the event will be broadcast live on iHeartMedia radio stations and streamed exclusively on Hulu.
e.l.f. Beauty (NYSE: ELF) has announced a multi-year global partnership with the Billie Jean King Cup (BJKC), the women's world cup of tennis. As the exclusive skin and cosmetic partner, e.l.f. aims to promote equality and inclusivity in women's sports. The company will co-host the inaugural Power of Women's Sports Summit on November 20, 2024, in Málaga, Spain, alongside the BJKC finals.
Additionally, e.l.f. has become a founding partner of iHeartMedia's Women's Sports Audio Network, the first audio platform dedicated to women's sports. This partnership includes hosting a live recording of 'The Rennae Stubbs Tennis Podcast' at the summit. These initiatives align with e.l.f.'s commitment to empowering women in sports and addressing the disparity in media coverage of women's sports.
iHeartPodcasts, Universal Television, and Wolf Entertainment have partnered to create 'Law & Order: Criminal Justice System', a new investigative true crime podcast. This four-season deal marks the first venture into investigative journalism for the 'Law & Order' brand. The podcast will premiere on August 22, 2024, with each season consisting of 12 episodes.
Hosted by former Brooklyn homicide prosecutor Anna-Sigga Nicolazzi, the first season will explore the downfall of the American Mafia in New York City. It begins with the 1979 assassination of Carmine Galante, a Bonanno crime family boss, and chronicles how local police and prosecutors dismantled the Mafia's control over the city.
Executive Producer Elliot Wolf, co-creator of Amazon Prime's 'On Call' and EVP of Digital for Wolf Entertainment, will lead the project. The podcast aims to blend the dramatic storytelling of the 'Law & Order' franchise with real-life criminal justice narratives.
iHeartMedia reported Q2 2024 financial results with consolidated revenue up 1.0% to $929 million. The Digital Audio Group saw strong growth, with revenue up 10% to $286 million, including an 8% increase in podcast revenue to $105 million. However, the Multiplatform Group revenue declined 3% to $576 million. The company reported a GAAP operating loss of $910 million, including non-cash impairment charges of $920 million. Adjusted EBITDA was $150 million, down from $191 million in Q2 2023. iHeartMedia expects full-year 2024 revenue to increase in the mid-single digits and Adjusted EBITDA to be between $760-$800 million. The company remains committed to its long-term target of approximately 4x Net Debt to Adjusted EBITDA.
iHeartMedia, Inc. (NASDAQ: IHRT) has announced its plans to release financial results for the quarter ending June 30, 2024, on Thursday, August 8th, 2024. The company will host a conference call at 8:30 a.m. ET to discuss its financial performance and business outlook. Investors can access a live audio webcast of the call on iHeartMedia's Investors homepage or dial in using the provided numbers. An audio replay will be available for 30 days following the call. This announcement provides shareholders and analysts with a scheduled opportunity to review and discuss iHeartMedia's quarterly performance, potentially impacting the stock's valuation and investor sentiment.
iHeartMedia announced the return of the 2024 iHeartRadio Fiesta Latina on October 26 at Kaseya Center in Miami, Florida. The event, presented by Nissan, will feature performances by Feid, Sebastián Yatra, Wisin, Chencho Corleone, Manuel Turizo, Maria Becerra, and more. Enrique Santos will host the eleventh annual celebration of Latin music.
Feid will receive the iHeartRadio Corazón Latino Award for his impact as a singer, songwriter, and producer. Tickets go on sale on July 23 via Ticketmaster.com. The event will be broadcast live on iHeartMedia's Spanish-language radio stations and the iHeartRadio app. Partners include Nissan, Goya Foods, M&M'S®, and State Farm®.
iHeartMedia and Deep Blue Sports + Entertainment have launched the Women's Sports Audio Network (WSAN), the first audio platform dedicated solely to women's sports. The network features podcasts hosted by prominent athletes like Madison Packer, Sheryl Swoopes, and Sarah Spain. On June 18, WSAN will begin broadcasting “Women’s Sports Reports” on over 500 iHeartMedia radio stations, promising greater media coverage for women's sports. Capital One and e.l.f Cosmetics are founding partners. The new network aims to tap into the growing market for women’s sports, which is expected to become a $1 billion industry this year.
iHeartMedia announced the 2024 iHeartRadio Music Festival lineup, presented by Capital One, to be held on September 20 and 21 at T-Mobile Arena in Las Vegas. The event will feature performances by Big Sean, Camila Cabello, Doja Cat, Gwen Stefani, and more, hosted by Ryan Seacrest. Hulu will stream the festival live. Capital One cardholders get presale access starting June 12, and general ticket sales begin June 14 on AXS.com. The festival will also be broadcast across iHeartMedia's radio stations.