iHeartMedia
IHRT

$1.71

6.72%

Market Cap: 248M

About: iHeartMedia Inc is a United States-based diversified media and entertainment company. The company operates through the segments of the Multiplatform Group, the Digital Audio Group, and the Audio & Media Services Group. The company derives prime revenue from the Multiplatform Group segment which includes the company's Broadcast radio, Networks and Sponsorships, and Events businesses. The Digital Audio Group segment includes all of the company's digital businesses, including podcasting; and the Audio & Media Services Group includes Katz Media Group, a full-service media representation business, and RCS Sound Software, a provider of scheduling and broadcast software and services.

Employees: 10,800

Communication Services Radio Broadcasting Stations

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 4 analysts

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

2.18% less ownership

Funds ownership: 74.99% [Q4 2023] → 72.8% (-2.18%) [Q1 2024]

17% less funds holding

Funds holding: 147 [Q4 2023] → 122 (-25) [Q1 2024]

20% less funds holding in top 10

Funds holding in top 10: 5 [Q4 2023] → 4 (-1) [Q1 2024]

24% less capital invested

Capital invested by funds: $247M [Q4 2023] → $188M (-$59.1M) [Q1 2024]

33% less repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 48

41% less call options, than puts

Call options by funds: $274K | Put options by funds: $467K

71% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 35

See Fund Rankings

Research analyst outlook

4 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$1

42%

downside

Avg. target

$2.50

46%

upside

High target

$5

192%

upside

4 analyst ratings

2 positive

50%

1 neutral

25%

1 negative

25%

B of A Securities Jessica Reif Cohen	42%downside $1	Underperform Maintained	3 Jun 2024
Guggenheim Curry Baker	75%upside $3	Buy Maintained	16 May 2024
Goldman Sachs Stephen Laws	42%downside $1	Neutral Maintained	13 May 2024
Guggenheim Curry Baker	192%upside $5	Buy Maintained	4 Mar 2024

See Analyst Rankings

Financial journalist opinion

iHeartMedia, Inc. to Report Quarterly Financial Results on August 8, 2024

NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (NASDAQ: IHRT) announced today that on Thursday August 8th, 2024, it will issue financial results for the quarter ending June 30, 2024. The company will conduct a conference call at 8:30 a.m. (ET), following the release of its earnings announcement, to discuss its financial results and business outlook. A live audio webcast of the call will be available on the Investors homepage of iHeartMedia's website (https://investors.iheartmedia.com/) beginning.

iHeartMedia, Inc. to Report Quarterly Financial Results on August 8, 2024

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Women's Sports Audio Network Announces Slate of Original Shows Across a Range of Sports, Adding Capital One and e.l.f as Founding Partners

NEW YORK--(BUSINESS WIRE)--Today, iHeartMedia and Deep Blue Sports + Entertainment announced the inaugural lineup of original podcast shows for WSAN, the first-ever audio platform dedicated exclusively to women's sports – from soccer and basketball to tennis, golf, volleyball and more – featuring top athletes and personalities at the helm. Additionally, Capital One, e.l.f Cosmetics and e.l.f SKIN join as the founding partners of the new network. As a free, ad-supported network available across.

Women's Sports Audio Network Announces Slate of Original Shows Across a Range of Sports, Adding Capital One and e.l.f as Founding Partners

Undercovered Dozen June 7-13: TeraWulf, Luckin Coffee, iHeartMedia And More

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Undercovered Dozen June 7-13: TeraWulf, Luckin Coffee, iHeartMedia And More

EasyKnock Launches Marketing Partnership With iHeartMedia

NEW YORK--(BUSINESS WIRE)--EasyKnock, the first home equity solution platform, has entered into an expansive marketing partnership with iHeartMedia which will include nationwide on-air and digital advertising campaigns across iHeartMedia broadcast radio and digital platforms. Additional terms were not disclosed. EasyKnock exists to help the millions of Americans* facing barriers in accessing their own home equity. For the first time, there is a way for them to convert their home equity into cas.

EasyKnock Launches Marketing Partnership With iHeartMedia

Allison Russell, Billy Porter, Ben Platt, David Archuleta, Meghan Trainor, Melissa Etheridge, Orville Peck, RAYE, Victoria Monét and More Join P&G and iHeartMedia's Fifth Annual Can't Cancel Pride 2024 on June 12

NEW YORK--(BUSINESS WIRE)--iHeartMedia and P&G will once again join forces during Pride Month for the return of Can't Cancel Pride - an evening recognizing the impact of both music and LGBTQ+ organizations have on the community. The fifth annual special event will feature performances by Elton John Impact Award Recipient and host Billy Porter, Allison Russell, Ben Platt, David Archuleta, Meghan Trainor, Melissa Etheridge, Orville Peck, RAYE, Victoria Monét and more on June 12 from the iHear.

Allison Russell, Billy Porter, Ben Platt, David Archuleta, Meghan Trainor, Melissa Etheridge, Orville Peck, RAYE, Victoria Monét and More Join P&G and iHeartMedia's Fifth Annual Can't Cancel Pride 2024 on June 12

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Zacks Investment Research

IHeartMedia (IHRT) Reports Q1 Loss, Misses Revenue Estimates

IHeartMedia (IHRT) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.55. This compares to loss of $1.50 per share a year ago.

IHeartMedia (IHRT) Reports Q1 Loss, Misses Revenue Estimates

iHeartMedia, Inc. (IHRT) Q1 2024 Earnings Call Transcript

iHeartMedia, Inc. (NASDAQ:IHRT ) Q1 2024 Earnings Conference Call May 9, 2024 8:00 AM ET Company Participants Mike McGuinness - Head, Investor Relations Bob Pittman - Chairman and CEO Rich Bressler - President, Chief Operating Officer and CFO Conference Call Participants Operator Hello. Thank you for standing by.

iHeartMedia, Inc. (IHRT) Q1 2024 Earnings Call Transcript

iHeartMedia, Inc. Reports Results for 2024 First Quarter

NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (Nasdaq: IHRT) today reported financial results for the quarter ended March 31, 2024. Financial Highlights:1 Q1 2024 Consolidated Results Q1 Revenue of $799 million, down 1.5%; in line with guidance range of flat to down 2% Excluding Q1 Political Revenue, Q1 Revenue down 2.5% GAAP Operating loss of $35 million vs. $49 million in Q1 2023 Consolidated Adjusted EBITDA of $105 million, within previously disclosed guidance range of $100 million to $110 mi.

iHeartMedia, Inc. Reports Results for 2024 First Quarter

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