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.
News about iHeartMedia, Inc. (IHRT) reflects its role as a large audio media company active across broadcast radio, digital audio, podcasts and live events. Company announcements frequently highlight programming, partnerships and events that involve both its radio networks and its broader audio platforms.
Recent press releases describe the iHeartPodcast Awards, which honor podcasters across multiple categories and are presented in partnership with South by Southwest (SXSW). The event is staged at ACL Live at the Moody Theater in Austin, Texas and is broadcast on select iHeartMedia radio stations and through the iHeartRadio app. iHeartMedia also reports on its iHeartCountry Festival, a live country music event in Austin that is presented with brand partners and carried across iHeartCountry stations and digital channels.
iHeartMedia news also covers the iHeartRadio Music Awards, an annual show produced with FOX Entertainment that recognizes the most‑played artists and songs on iHeartRadio stations and the iHeartRadio app. These announcements include details on nominees, fan‑voted categories and broadcast plans from venues such as the Dolby Theatre in Los Angeles.
Beyond events, the company issues news about partnerships and platform developments. Examples include an expanded relationship with Amazon Ads to make iHeart’s streaming audio inventory available through Amazon DSP, a multiplatform collaboration with TikTok to launch the TikTok Podcast Network and TikTok Radio, and an exclusive video podcast partnership with Netflix for selected iHeartPodcasts. Additional releases highlight creator‑focused initiatives, such as a new video podcast distribution capability within iHeartRadio and new podcast launches with high‑profile hosts.
Investors and followers of IHRT can use this news feed to review company communications on awards shows, festivals, creator partnerships, advertising relationships and financial results, all of which provide insight into how iHeartMedia presents its activities and priorities.
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%.
iHeartMedia (NASDAQ:IHRT) and P&G are collaborating for the third annual "Can’t Cancel Pride 2022 – Proud AND Together" event this June. Set for June 14 at 8 p.m. ET, the fundraiser celebrates LGBTQ+ visibility and activism. The previous events have raised over $8.3 million for organizations like GLAAD and The Trevor Project, with 2021 attracting 6.3 million viewers. The event will stream on iHeartRadio platforms and emphasizes themes of community and strength amidst challenges faced by the LGBTQ+ community.
iHeartMedia has appointed Sarah van Mosel as Executive Vice President of the iHeart Audience Network (iAN). This new service aims to simplify audio advertising by utilizing iHeartRadio's extensive database and premium publishers, enhancing brand targeting across channels. Van Mosel, formerly Chief Revenue Officer at Stitcher, will oversee sales operations and partnerships, reporting to CEO Conal Byrne. The iAN is poised to unify audio advertising and leverage innovative technology for brand safety, positioning iHeart as a leader in the evolving audio landscape.
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