Iheartmedia Inc Stock Price, News & Analysis

iHeartMedia (Nasdaq: IHRT) announced participation in the Goldman Sachs 30th Annual Communacopia Conference on September 22, 2021, at 2:05 p.m. ET. The session will feature Bob Pittman, Chairman and CEO, and Rich Bressler, President and CFO, in a question and answer format.

A live webcast will be accessible to the public via iHeartMedia’s Investors homepage, with a replay available post-event.

iHeartMedia (Nasdaq: IHRT) will participate in the BofA Securities 2021 Media, Communications and Entertainment Conference on Monday, September 13, 2021, at 2:20 p.m. ET. CEO Bob Pittman and COO/CFO Rich Bressler will engage in a Q&A session, which can be accessed via a live webcast on the iHeartMedia Investors homepage. The session will also be available for replay afterwards. iHeartMedia is a leading audio media company in the U.S., reaching over 250 million people monthly, and excels in broadcasting, digital streaming, and podcasting.

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.