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iHeartMedia, Inc. reports developments across its U.S. audio media business, including broadcast radio, podcasting, digital audio advertising, live events and audio technology. The company operates through the Multiplatform Group, Digital Audio Group, and Audio & Media Services Group, with recurring updates tied to advertising products, audience research, partnerships, music events and financial results.
Company news commonly covers iHeartRadio programming and awards shows, podcast and digital audio monetization, broadcast-radio attribution tools, consumer and advertiser studies, and quarterly earnings releases that discuss segment revenue, Adjusted EBITDA, liquidity and business outlook.
iHeartMedia reported Q3 2022 financial results, showcasing revenues of $989 million, up 7% year-over-year. However, GAAP operating loss reached $211 million, attributed to a $302 million non-cash impairment charge due to rising interest rates. Adjusted EBITDA increased 10% to $252 million, with a margin of 25.5%. The Digital Audio Group experienced significant growth, with revenues up 23%, while the Multiplatform Group remained stable at $660 million. Guidance for Q4 projects revenue growth of 2%-6% year-over-year.
iHeartMedia, Inc. (NASDAQ: IHRT) will release its financial results for Q3 2022 on November 3, 2022, at 4:30 p.m. (ET). A conference call will follow to discuss the results and business outlook. Investors can access a live webcast on iHeartMedia’s website. The audio replay will be available starting at 7:30 p.m. (ET) on the same day for 30 days. iHeartMedia is a leading audio media company, reaching over 250 million people monthly and excelling in broadcast, digital streaming, and podcasting.
iHeartMedia and the NFL announce a new fall programming lineup for the NFL Podcast Network, enhancing listener access to football insights. New shows include The Season with Peter Schrager featuring NFL personalities and El Huddle, aimed at Latino fans. The lineup also sees NFL legends like Emmanuel Sanders joining later. iHeartMedia’s partnership with the NFL aims to broaden its podcast offerings and reach new audiences, showcasing a strong commitment to delivering exclusive football content.
iHeartMedia has announced the lineup for the sixth annual iHeartRadio ALTer EGO, taking place on January 14, 2023, at the Kia Forum in Los Angeles. The event will feature top Alternative Rock artists including Red Hot Chili Peppers, Jack White, Muse, and Fall Out Boy. Fans can win trips to the show before ticket sales begin, with pre-sale availability starting on October 25 for Capital One cardholders. General ticket sales open on October 28. The event will be broadcast live on various iHeartRadio stations.
iHeartMedia has launched the "MEternal – Because Pregnancy Is About Mom Too" campaign to address the Black maternal mortality crisis in New York City. This initiative, in collaboration with MetroPlusHealth and Thinx, features on-air announcements, a dedicated podcast, and an online resource portal (MEternal.info). The initiative aims to reach over 1.6 million women of color and provide vital information to help reduce risks during pregnancy, responding to statistics indicating Black women are three times more likely to die from pregnancy-related causes than white women.
The iHeartRadio Jingle Ball Tour, presented by Capital One, celebrates the holiday season with top artists including Dua Lipa, Lizzo, and Jack Harlow across major U.S. cities. The tour kicks off on November 29 in Dallas and concludes in Miami on December 18. A live broadcast will air on The CW Network on December 17 at 8 p.m. EST. Capital One cardholders will have exclusive pre-sale access for tickets. Portions of ticket sales will benefit the Ryan Seacrest Foundation, supporting youth initiatives. The event promises a star-studded lineup across various cities.
On September 30, 2022, Mattress Firm announced the launch of a new podcast series titled "Chasing Sleep", produced in collaboration with iHeartMedia. Hosted by wellness expert Anahad O'Connor, the eight-episode series will feature stories from various individuals including ultra-marathon runners and astronauts, focusing on their unique sleep challenges. The podcast aims to combat Junk Sleep and promote better sleep habits, aligning with Mattress Firm's mission to help individuals improve their rest for better living.
Neustar, a TransUnion company, announced a partnership with iHeartMedia to enhance marketing attribution by integrating broadcast radio data into Neustar's Unified Measurement Solution. This new offering allows advertisers to measure the impact of radio alongside other channels, improving insights into consumer behavior. With radio reaching over 90% of Americans monthly, this collaboration aims to optimize marketing strategies for brands, offering a comprehensive view of advertising effectiveness across platforms.
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iHeartMedia has launched iHeartLand on Roblox, a metaverse destination merging gaming, live events, music, and entertainment. Users can collect sound energy to power custom music studios and engage in daily quests in the State Farm Neighborhood featuring Jake from State Farm. The launch includes performances by artist Lauv on September 16 and Charlie Puth on October 7, among 20 planned events. The Intel House of Wonder will enhance user experiences with unique installations. iHeartMedia aims to leverage its extensive reach to attract younger audiences through this innovative platform.