iHeartMediaIHRT
IHRT
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
0
Funds holding %
of 6,831 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
250% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 4
70% more capital invested
Capital invested by funds: $100M [Q2] → $170M (+$69.9M) [Q3]
17% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 30
8% more funds holding
Funds holding: 104 [Q2] → 112 (+8) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 5 [Q2] → 5 (+0) [Q3]
1.29% less ownership
Funds ownership: 74.64% [Q2] → 73.35% (-1.29%) [Q3]
55% less call options, than puts
Call options by funds: $107K | Put options by funds: $236K
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$3
35%
upside
Avg. target
$4
80%
upside
High target
$5
125%
upside
2 analyst ratings
1 positive
50%
1 neutral
50%
0 negative
0%
Guggenheim Curry Baker 50% 1-year accuracy 13 / 26 met price target | 125%upside $5 | Buy Maintained | 19 Nov 2024 |
B of A Securities Jessica Reif Cohen 25% 1-year accuracy 1 / 4 met price target | 35%upside $3 | Neutral Upgraded | 12 Nov 2024 |
Financial journalist opinion
Based on 4 articles about IHRT published over the past 30 days
Neutral
Business Wire
2 days ago
BBC Studios Expands Strategic Partnership With iHeartMedia to Become the Exclusive Third-party Sales Partner for BBC Podcasts in the U.S.
NEW YORK--(BUSINESS WIRE)--BBC Studios, producer and global distributor of innovative and world-class audio content from the BBC, and iHeartMedia, the leading audio company in the United States, today announced a multi-year deal that will make iHeartMedia the exclusive third-party advertising reseller of BBC podcasts to the U.S. market. The partnership will see iHeartMedia's leading audio sales force work closely with BBC Studios to represent its extensive slate of premium podcasts and to ampli.
Neutral
Business Wire
3 days ago
iHeartMedia Teams Up with Qatar's Government Communications Office to Announce ‘iHeartPodcasts' at Web Summit Qatar 2025
DOHA, Qatar & NEW YORK--(BUSINESS WIRE)--iHeartMedia, the No. 1 podcast publisher globally and the Government Communications Office of the State of Qatar (GCO) announced that iHeartPodcasts will be the official podcast partner for the 2025 Web Summit Qatar. The second edition of Web Summit Qatar is set to gather more than 20,000 technology and business leaders, founders, world-leading investors, media and a record 1,250 startups at the Doha Exhibition and Convention Centre (DECC) from February.
Neutral
PRNewsWire
2 weeks ago
iHeartMedia Teams Up With The Martin Luther King III Foundation and Legacy+ To Launch New Groundbreaking "My Legacy" Podcast Highlighting Iconic Changemakers
Hosted by Martin Luther King III, Arndrea Waters King, Craig Kielburger and Marc Kielburger, the podcast explores the defining moments and untold struggles shaping the legacies of extraordinary leaders Launching on MLK Day, podcast guests include Mel Robbins, Dr. Sanjay Gupta, David Oyelowo, Billy Porter, Martin Sheen, and many more In celebration of Dr. Martin Luther King, Jr.'s legacy, iHeartMedia will award a $5 Million Spotlight Media Grant to 'Realize the Dream' NEW YORK , Jan. 16, 2025 /PRNewswire/ -- iHeartMedia, The Martin Luther King III Foundation and Legacy+ today announced " My Legacy ," a groundbreaking new iHeartPodcast series that will offer listeners an intimate look into the stories behind the personas of beloved public figures and influential leaders. Hosted by Martin Luther King III, human rights activist Arndrea Waters King, Legacy+ Founder Craig Kielburger and social entrepreneur Marc Kielburger, "My Legacy" will premiere on Monday, January 20, 2025 and will join iHeart's Sunday Night Podcasts programming lineup which airs highly-anticipated iHeartPodcasts across select broadcast radio stations nationwide in the US each Sunday.
Neutral
Business Wire
3 weeks ago
iHeartMedia and the National Football League Extend Their Multi-Year NFL Podcast Network Partnership
NEW YORK--(BUSINESS WIRE)--iHeartMedia, the No. 1 podcast publisher globally, and the National Football League (NFL) today announced an extension to the exclusive partnership that first launched the NFL Podcast Network in 2021. As part of the deal, new original podcasts and NFL Club shows will debut each year, and existing favorites will continue to be available on the NFL Podcast Network. Additionally, iHeart will identify other existing podcasts to join the NFL Podcast Network during the deal.
Neutral
Business Wire
1 month ago
iHeartMedia Completes Comprehensive Exchange Transactions
NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (NASDAQ: IHRT) (“iHeartMedia” or the “Company”) today announced the successful completion of its previously announced comprehensive exchange transactions of iHeartCommunications, Inc.'s (“iHeartCommunications”) outstanding 6.375% Senior Secured Notes due 2026 (the “2026 Secured Notes”), 5.25% Senior Secured Notes due 2027 (the “2027 Secured Notes”), 4.75% Senior Secured Notes due 2028 (the “2028 Secured Notes”), 8.375% Senior Notes due 2027 (the “Uns.
Positive
Seeking Alpha
1 month ago
iHeartMedia: An Underpriced 'Call Option'
iHeartMedia's recent debt exchange and partial restructuring significantly increase equity value, presenting an undervalued "call option" with a potential upside of 30-50%. The company faces challenges from a declining radio broadcasting sector and high leverage, but digital diversification shows promise. The restructuring plan extends debt maturities to 2029-2031, reducing debt by $500 million and buying 2-3 more years for equity.
Neutral
Business Wire
1 month ago
iHeartMedia Unveils the Next-Generation iHeartRadio App
NEW YORK--(BUSINESS WIRE)--iHeartMedia, the No. 1 audio company in America by reach, today announced the debut of its next-generation iHeartRadio app, redesigned with industry-first mobile features and access to exclusive content. The new app interface — iHeartRadio's most significant product update since its initial launch in 2011 — embraces the ease and simplicity that listeners want and have come to expect with broadcast radio in the car -- bridging the gap between the traditional car radio.
Neutral
Business Wire
1 month ago
iHeartMedia Announces Adoption of Unified ID 2.0 Through Integration with The Trade Desk to Enhance Audio Advertising
NEW YORK--(BUSINESS WIRE)--iHeartMedia, the leading audio company in the United States, today announced its adoption of Unified ID 2.0 (UID2), a privacy-focused, open-source identity framework pioneered by The Trade Desk. Designed to meet the evolving needs of audio advertising, UID2 empowers iHeartMedia's advertising partners with advanced tools for more effective targeting, precise measurement, and accurate attribution. With its unparalleled reach including 860 live broadcast and streaming ra.
Neutral
Business Wire
1 month ago
iHeartMedia Announces Early Results and Modification of the Terms of the Offers and Consent Solicitations for Existing Notes and Term Loans
NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (NASDAQ: IHRT) (“iHeartMedia”, the “Company” or “we”) today announced that, as of 5:00 p.m., New York City time, on November 29, 2024, $750,585,122 aggregate principal amount (93.8%) of iHeartCommunications, Inc.'s (“Communications”) outstanding 6.375% Senior Secured Notes due 2026 (the “Existing 2026 Secured Notes”), $743,023,000 aggregate principal amount (99.1%) of Communications' outstanding 5.25% Senior Secured Notes due 2027 (the “Existing 2027.
Neutral
Business Wire
1 month ago
iHeartMedia Los Angeles' Ellen K Morning Show on KOST 103.5 and KTLA Join Children's Hospital Los Angeles to Launch Ninth Annual Season of Giving Fundraising Campaign on Tuesday, Dec. 3
LOS ANGELES--(BUSINESS WIRE)--iHeartMedia Los Angeles' Ellen K Morning Show on KOST 103.5 and KTLA will join Children's Hospital Los Angeles (CHLA) on Giving Tuesday, Dec. 3, to celebrate the global day of giving that takes place the first Tuesday after Thanksgiving. Giving Tuesday also kicks off CHLA's annual Season of Giving campaign, which runs through the end of the year and appeals to the community and corporate partners to donate funds to support the leading pediatric care the hospital pr.
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