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 is expanding into web3 and the metaverse, launching new events on Roblox (NYSE: RBLX) and creating tokenized communities. This initiative aims to harness its reach of over 90% of Americans monthly to raise awareness for new platforms. CEO Bob Pittman emphasized the company's unique position to drive demand for emerging technologies, aiming for a new growth layer. iHeart plans to engage 47 million daily Roblox users through immersive musical experiences and a new token that rewards creators and fans with exclusive access and NFTs.
iHeartMedia Los Angeles partners with Children's Hospital Los Angeles for the sixth consecutive year on Giving Tuesday, November 30, raising funds to support pediatric care. Notable sponsors like DaVinci Baby and CBS Studios pledged $125,000 in matching donations. Over the past five years, the event generated more than $1 million. The campaign promotes community involvement through donations and partnerships with local businesses like Porto’s Bakery.
Listeners can donate via kost1035.com/chla or call 1-800-909-CHLA.
iHeartMedia reported Q3 2021 revenue of $928 million, a 25% increase YoY. Digital Audio Group revenue surged 77% to $205.8 million, with podcast revenue up 184%. Operating income rose to $80 million, doubling from $39 million in Q3 2020. Adjusted EBITDA reached $230 million, reflecting a 42% YoY increase. Free cash flow was $45 million. Despite political ad revenue declines, the company expects Q4 revenue growth of 10% YoY. iHeart maintains strong liquidity with $369 million in cash.
iHeartMedia has announced a multi-year partnership with DraftKings, designating DraftKings as the official odds supplier for iHeartMedia's platforms across over 160 markets in the U.S. This collaboration allows DraftKings to co-create content, access iHeartMedia's diverse personalities, and enhance audience engagement. iHeartMedia's reach includes 270 million consumers monthly, positioning DraftKings for significant exposure in digital and live sports broadcasts. Both companies anticipate innovative opportunities in experiential content and data-driven advertising.
Big Brothers Big Sisters of America (BBBSA) has appointed Tony Coles, iHeartMedia's division president, as a new board member. Coles brings significant media expertise and a commitment to mentorship, particularly in communities of color. His experience includes launching the Black Information Network, which focuses on news for the Black community. BBBSA aims to enhance equity in mentorship experiences nationwide. The board includes executives from various Fortune 500 companies, ensuring a strong leadership dynamic for advancing the organization's mission.
iHeartMedia, Inc. (NASDAQ:IHRT) has successfully repurchased and canceled all 60,000 shares of its Series A Perpetual Preferred Stock for
iHeartMedia, Inc. (NASDAQ: IHRT) will announce its financial results for Q3 2021 on November 4th, 2021. The earnings release will be followed by a conference call at 4:30 p.m. ET to discuss the results and future outlook. Investors can access the live audio webcast on iHeartMedia’s investor website. An audio replay will be available from 7:30 p.m. ET the same day for thirty days. iHeartMedia is a leading audio media company in the U.S., reaching over 250 million people monthly.
