Iheartmedia Inc - IHRT STOCK NEWS

iHeartMedia announced the return of the 2024 iHeartRadio Fiesta Latina on October 26 at Kaseya Center in Miami, Florida. The event, presented by Nissan, will feature performances by Feid, Sebastián Yatra, Wisin, Chencho Corleone, Manuel Turizo, Maria Becerra, and more. Enrique Santos will host the eleventh annual celebration of Latin music.

Feid will receive the iHeartRadio Corazón Latino Award for his impact as a singer, songwriter, and producer. Tickets go on sale on July 23 via Ticketmaster.com. The event will be broadcast live on iHeartMedia's Spanish-language radio stations and the iHeartRadio app. Partners include Nissan, Goya Foods, M&M'S®, and State Farm®.

iHeartMedia and Deep Blue Sports + Entertainment have launched the Women's Sports Audio Network (WSAN), the first audio platform dedicated solely to women's sports. The network features podcasts hosted by prominent athletes like Madison Packer, Sheryl Swoopes, and Sarah Spain. On June 18, WSAN will begin broadcasting “Women’s Sports Reports” on over 500 iHeartMedia radio stations, promising greater media coverage for women's sports. Capital One and e.l.f Cosmetics are founding partners. The new network aims to tap into the growing market for women’s sports, which is expected to become a $1 billion industry this year.

iHeartMedia announced the 2024 iHeartRadio Music Festival lineup, presented by Capital One, to be held on September 20 and 21 at T-Mobile Arena in Las Vegas. The event will feature performances by Big Sean, Camila Cabello, Doja Cat, Gwen Stefani, and more, hosted by Ryan Seacrest. Hulu will stream the festival live. Capital One cardholders get presale access starting June 12, and general ticket sales begin June 14 on AXS.com. The festival will also be broadcast across iHeartMedia's radio stations.

EasyKnock, a home equity solution platform, has announced an extensive marketing partnership with iHeartMedia, focusing on nationwide on-air and digital advertising. This collaboration aims to raise awareness about EasyKnock's unique service that enables homeowners to convert home equity into cash while staying in their homes, irrespective of their credit scores or lender requirements. CEO Jarred Kessler emphasized the significant opportunity presented by iHeartMedia's widespread and engaged audience. Joe Robinson, President of Corporate Development and Ventures for iHeartMedia, expressed optimism about the value this partnership will bring to listeners.

Can't Cancel Pride, now in its fifth year, will air on June 12 at 8 p.m. ET / 5 p.m. PT. The event includes performances by Billy Porter, Allison Russell, Ben Platt, Meghan Trainor, and others. Hosted by Billy Porter, who will also receive the Elton John Impact Award, the event aims to raise funds and visibility for LGBTQ+ organizations like GLAAD and The Trevor Project. The benefit has raised over $14 million since its inception and reached 23 million viewers in 2023 alone. Streaming platforms include iHeartRadio’s YouTube and Facebook pages, Hulu, Revry, and The Advocate Channel.

iHeartMedia awarded Every Mother Counts with its Spotlight Media Grant to raise awareness about the maternal health crisis in the United States. The campaign aims to address the rising maternal mortality rate, particularly among Black women, through a series of PSAs airing on 840 iHeart radio stations and digital campaigns. The partnership underscores the importance of safe and equitable pregnancy and childbirth for all.

iHeartMedia, Inc. reported Q1 2024 revenue of $799 million, down 1.5%. Adjusted EBITDA was $105 million, within guidance. Digital Audio Group revenue rose 7%, Podcast revenue up 18%. Multiplatform Group revenue down 7%. Cash balance of $361 million with $788 million liquidity. Q2 revenue expected flat, Adjusted EBITDA $140-160 million. Positive EBITDA growth, confident in 2024 recovery.

NBCUniversal has chosen iHeartMedia as its exclusive audio partner for the Olympic Games Paris 2024. iHeartRadio will provide 24/7 play-by-play audio channels of select NBCU linear coverage, create an original Olympic iHeartPodcast, produce Olympic-specific episodes from top podcasts, and promote tune-in for NBCU’s coverage. The partnership aims to engage Olympic fans through various audio platforms and podcasts.

iHeartMedia and Deep Blue Sports + Entertainment have partnered to launch the Women’s Sports Audio Network (WSAN), the first-ever audio platform dedicated to women’s sports. Featuring top sports champions like Sarah Spain and Sheryl Swoopes, WSAN aims to amplify women’s sports coverage and programming across various platforms. This partnership reflects iHeartMedia’s commitment to growing women’s sports by increasing equity in coverage and representation. The launch of WSAN coincides with the rising investment and viewership in women’s sports, with the industry expected to reach $1 billion this year, showcasing a 300% increase in three years. By providing fans with more access to athletes and stories, iHeartMedia and Deep Blue intend to engage millions of listeners and offer opportunities for brands to connect with an emerging market in women’s sports.