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.
iHeartMedia, Inc. (NASDAQ: IHRT) will announce its financial results for Q2 2022 on August 4, 2022, at 4:30 p.m. ET. A conference call will follow to discuss the earnings and business outlook. Investors can access a live audio webcast through the company's investor homepage. An audio replay will also be available starting at 7:30 p.m. ET on the same day for 30 days. iHeartMedia reaches over 250 million people monthly and leads in audio media segments, including broadcasting and digital streaming.
Curiosity Inc. has partnered with iHeartMedia to launch the Curiosity Audio Network, aiming to develop and release various podcasts throughout the year. This network will feature original content alongside existing programming from Curiosity's documentary library. The first podcast series, One Day University, is currently live, with plans for additional projects, including a co-produced original podcast on the life of Dean Reed. Curiosity has around 24 million subscribers globally across its video platforms, enhancing its position in factual media.
iHeartMedia has partnered with Happy Money to enhance consumer awareness and access to funding solutions. This collaboration targets U.S. consumers, leveraging iHeartMedia's reach to promote Happy Money's unsecured lending through credit unions. The partnership aims to assist those misrepresented by standard credit scoring methods, while increasing access to affordable loans. Happy Money, valued at over $1.1B, has facilitated $4.5 billion in loans for nearly 250,000 members as of July 1, 2022. The initiative is designed to drive growth and innovation in the fintech space.
iHeartMedia and Charlamagne Tha God announced the inaugural Black Effect Podcast Festival on
iHeartMedia has partnered with Martha Stewart to launch a new original podcast titled ‘The Martha Stewart Podcast,’ premiering on June 22. The podcast will feature in-depth interviews with influential personalities, including Snoop Dogg and Kris Jenner, exploring their journeys and insights. Martha will also share personal audio diary segments, offering listeners a glimpse into her life. This partnership highlights iHeartMedia's position as the leading podcast publisher with unmatched reach, aiming to provide valuable brand-building and leadership advice for its audience.
iHeartMedia and State Farm have partnered to redefine entertainment in the metaverse, launching iHeartLand to celebrate State Farm's 100th anniversary. This innovative platform will merge major album releases, hit podcasts, and interactive gaming. CEO Conal Byrne stated that iHeartLand aims to connect artists, brands, and fans in unprecedented ways. Rand Harbert from State Farm emphasized their commitment to creating unique, engaging experiences for consumers. The launch will feature performances, music drops, and interactive podcasts, making it a dynamic entertainment destination.
iHeartMedia announced the 2022 iHeartRadio Music Festival, taking place on September 23-24 at T-Mobile Arena in Las Vegas. The festival features performances from a star-studded lineup including Avril Lavigne, Black Eyed Peas, Halsey, and more. The event will be hosted by Ryan Seacrest and will also include a Daytime Stage on September 24 at AREA15 featuring various artists. The festival will be broadcast on The CW Network and livestreamed through its app. General tickets go on sale from June 17.
iHeartMedia, Inc. (Nasdaq: IHRT) will participate in J.P. Morgan’s 50th Annual Global Technology, Media and Communications Conference in Boston on May 24 at 3:30 p.m. ET. The session will feature CEO Bob Pittman and President Rich Bressler. A live webcast will be accessible through iHeartMedia’s investors homepage. iHeartMedia is a leading audio media company, reaching over 250 million people monthly, excelling in broadcast and digital streaming radio, podcasting, and audio ad tech.
The "Can’t Cancel Pride - Proud AND Together" event, hosted by Procter & Gamble and iHeartMedia, will honor Elton John with the inaugural Impact Award for his humanitarian efforts through the Elton John AIDS Foundation, which celebrates its 30th anniversary. This year's event, live-streamed on June 14, features performances by top artists such as Katy Perry and Lizzo, aiming to raise visibility and funds for LGBTQ+ organizations. In previous years, the event raised over $8.3 million and reached 6.3 million viewers in 2021 alone.
iHeartMedia reported Q1 2022 financial results, with revenues of $843 million, marking a 19.4% increase year-over-year. The company achieved a GAAP operating income of $12 million, a turnaround from a $76 million loss in Q1 2021. Adjusted EBITDA rose 42% to $145 million, with a margin of 17.2%. Digital Audio Group revenues increased 36%, and podcast revenues surged 79%. Despite cash flows from operating activities at $(52 million) and free cash flow at $(75 million), the outlook remains positive with Q2 revenue expected to rise by 10%-14%.
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