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.
Heart of America, Anthem Blue Cross and Blue Shield, and iHeartMedia have partnered to combat food insecurity in the College Park community of Atlanta. They will transform a classroom at College Park Elementary School into a food pantry, increasing access to nutritious meals for students and families. With 1 in 5 children in Atlanta facing food insecurity, this initiative aims to provide sustainable food resources. The project will be completed this Fall and includes support from the Atlanta Community Food Bank, benefiting the school and its community significantly.
Anthem Inc. has partnered with iHeartMedia and Heart of America to address food insecurity in schools across Los Angeles, New York, Atlanta, and Indianapolis. This initiative aims to support high-need schools by creating solutions like learning gardens and food pantries, providing essential resources for nutritious meals. The collaboration seeks to raise awareness of hunger challenges faced by children, with Anthem's Dr. Shantanu Agrawal emphasizing the importance of access to healthy food for student well-being. The program targets nearly 1,000 families, transforming educational spaces to enhance food access.
iHeartMedia, the leading podcast publisher, partners with Red Table Talk to establish the Red Table Talk Audio Network. This collaboration will feature co-produced podcasts, including two existing series hosted by Jada Pinkett Smith and others. Over the next two years, five new series will launch, starting with a podcast spinoff hosted by Gloria Estefan on August 25. Red Table Talk, with a significant social media following, is produced by Westbrook Studios, which aims to create impactful content.
NEOU, a live streaming and on-demand fitness marketplace, has partnered with iHeartMedia, the leading audio company in the U.S., to enhance brand awareness and introduce its fitness content to a wider audience. The collaboration will utilize iHeartMedia's extensive audio network, reaching 90% of Americans monthly and promoting NEOU's affordable, diverse fitness offerings. NEOU aims to democratize access to high-quality workouts and has raised over $40 million to date. This partnership is expected to expand NEOU's reach significantly.
iHeartMedia reported Q2 2021 results with revenue of $862 million, a 77% increase YoY, and GAAP operating income of $28 million, reversing a $159 million loss in Q2 2020. Adjusted EBITDA reached $185 million, up from a $(29) million loss last year. Digital Audio Group showed strong growth, with revenue up 112% YoY, led by podcast revenue surging 152%. The company anticipates a 20% revenue increase in Q3 and aims to return to 2019 adjusted EBITDA levels by year-end. Cash balance stood at $583 million as of June 30, 2021.
iHeartMedia, the leading audio company in America, has formed a strategic partnership with French multimedia group NRJ to develop and monetize a selection of iHeartRadio Original podcasts for French listeners. The collaboration will see the first translated podcasts available in the last quarter of 2021, including popular shows like “Stuff You Should Know” and various true-crime podcasts. NRJ will lead monetization efforts in France and distribute select English-language podcasts. This partnership aims to expand podcast offerings while leveraging Triton's technology to enhance revenue streams.
LiveXLive Media (NASDAQ: LIVX) announced its ongoing partnership with iHeartMedia to exclusively stream the 2021 iHeartRadio Fiesta Latina on October 16, 2021, from the Amway Center in Orlando, Florida. This year’s concert features renowned Latin artists like Wisin & Yandel, Prince Royce, and J Balvin. Additionally, Luis Fonsi will receive the iHeartRadio Corazón Latino Award for his contributions to the Latin community. Tickets will be available starting August 5, 2021.
iHeartMedia (IHRT) has partnered with TuneIn to distribute over 850 digital radio stations across TuneIn's platforms. This collaboration will leverage iHeart's extensive advertising resources and Triton Digital's technology for enhanced monetization. iHeartMedia aims to broaden its audience reach by sharing prominent stations like New York’s Z100 and Los Angeles’ KISS FM on TuneIn. The partnership is expected to enable direct and programmatic ad sales, providing advertisers greater targetability and access to a wider listener base.
