Iheartmedia Inc Stock Price, News & Analysis

iHeartMedia and FOX Entertainment announced that LL COOL J will host and perform at the 2022 iHeartRadio Music Awards live from The Shrine Auditorium, Los Angeles on March 22. Jennifer Lopez will receive the iHeartRadio Icon Award for her cultural impact and success, including over $3 billion in box-office gross and 75 million records sold. The awards will feature performances and celebrate the most-played artists from 2021, with fan voting for several categories open until March 15.

iHeartMedia (Nasdaq: IHRT) reported its Q4 and full-year 2021 financial results, highlighting a 14% YoY revenue increase to $1,062 million. Noteworthy growth was seen in the Digital Audio Group, with revenue soaring 59% YoY and podcast revenue up 130% YoY. Adjusted EBITDA rose 11% YoY to $294 million, while free cash flow stood at $52 million. The company reduced its term loan by $250 million in July and repurchased $60 million in preferred stock in October. iHeartMedia anticipates 18.3% revenue growth in Q1 2022, driven by robust advertising demand.

Veritone (NASDAQ: VERI) and iHeartMedia (NASDAQ: IHRT) announced a collaboration to utilize Veritone’s synthetic voice solution for podcast content. This technology enables iHeartMedia to create verified synthetic voices, transforming them into various languages and accents. Initially, popular podcasts will be translated for Spanish-speaking audiences, aiming to expand iHeartMedia's reach in the podcast market. The solution promises to lower production costs while retaining the authenticity of the original voice talent, thus unlocking new revenue streams for both companies.

iHeartMedia, the largest audio media company in the U.S., has announced a partnership with Sounder, an audio intelligence platform. This collaboration aims to enhance monetization, brand safety, and content discoverability for podcasts. By utilizing Sounder’s Audio Data Cloud, iHeartMedia will provide creators with AI and Machine Learning tools for insights to boost growth. iHeartMedia has also invested in Sounder’s Series A round. The initiative is set to improve targeted advertising, ensuring a safe environment for advertisers across iHeart's extensive podcast network, which boasts over 392 million downloads monthly.

iHeartMedia, Inc. (NASDAQ: IHRT) will announce its financial results for the quarter and year ending December 31, 2021, on February 23, 2022, at 8:30 a.m. ET. A conference call will follow to discuss the results and future business outlook. Interested parties can access the call via the company's Investors homepage or by calling 833-350-1328 (domestic) or +1 236-389-2425 (international). An audio replay will be available starting at 11:30 a.m. ET on the same day for 30 days.

iHeartMedia is the leading audio media company in America, reaching over 250 million people monthly.

The 2022 iHeartRadio Music Awards, airing live on March 22 from Los Angeles, will honor the most-played artists and songs from iHeartRadio stations. Nominees include Ariana Grande, Bruno Mars, and Olivia Rodrigo, among others. The show features categories voted by fans, including Best Fan Army and Best Lyrics, with voting open until March 15. iHeartMedia emphasizes its vast reach, claiming to connect with over 90% of Americans monthly, underscoring its position as a leading audio media company in the U.S.

iHeartMedia announced the return of the iHeartCountry Festival on May 7, 2022, hosted by Bobby Bones at the new Moody Center in Austin, Texas. The ninth edition features top artists including Thomas Rhett, Carrie Underwood, and Zac Brown Band, broadcast live across iHeartMedia’s Country stations. With over 150 country stations, iHeartCountry reaches more than 110 million listeners monthly, making it the largest country radio group in the U.S. Capital One Cardholders can access exclusive pre-sale tickets starting February 1.