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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect iHeartMedia's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of iHeartMedia's position in the market.
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.