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 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
133% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 6
69% more capital invested
Capital invested by funds: $98.3M [Q2] → $166M (+$68.2M) [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]
1.32% less ownership
Funds ownership: 73.03% [Q2] → 71.71% (-1.32%) [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
60%
upside
Avg. target
$4
113%
upside
High target
$5
166%
upside
2 analyst ratings
1 positive
50%
1 neutral
50%
0 negative
0%
Guggenheim Curry Baker 38% 1-year accuracy 8 / 21 met price target | 166%upside $5 | Buy Maintained | 19 Nov 2024 |
B of A Securities Jessica Reif Cohen 25% 1-year accuracy 1 / 4 met price target | 60%upside $3 | Neutral Upgraded | 12 Nov 2024 |
Financial journalist opinion
Based on 5 articles about IHRT published over the past 30 days
Positive
Seeking Alpha
1 day 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 week 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 week 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
2 weeks 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
2 weeks 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.
Neutral
Business Wire
1 month ago
iHeartMedia Announces Exchange Offers and Consent Solicitations for Existing Notes and Term Loans
NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (NASDAQ: IHRT) (“iHeartMedia”, the “Company” or “we”) announced the November 15, 2024 commencement of (i) exchange offers (the “Exchange Offers”) for iHeartCommunications, Inc.'s (“Communications”) outstanding 6.375% Senior Secured Notes due 2026 (the “Existing 2026 Secured Notes”), 5.250% Senior Secured Notes due 2027 (the “Existing 2027 Secured Notes”), 4.750% Senior Secured Notes due 2028 (the “Existing 2028 Secured Notes” and together with the Ex.
Neutral
Business Wire
1 month ago
iHeartMedia Celebrates the Holiday Season with Annual Holiday Music Flip Across Broadcast Stations Nationwide and the Return of the “iHeartRadio Holiday Special”
NEW YORK--(BUSINESS WIRE)--iHeartMedia announced that the annual station flip to holiday music kicks off today with more than 85 stations across the country broadcasting the season's festive music from today's biggest artists as well as Christmas classics from Bing Crosby, Dean Martin, Frank Sinatra and more 24/7. Continuing the celebration of the holiday season, the iHeartRadio Holiday Special returns this year hosted by Mario Lopez, the event will feature interviews with Dan + Shay, Jennifer.
Neutral
Seeking Alpha
1 month ago
iHeartMedia, Inc. (IHRT) Q3 2024 Earnings Call Transcript
iHeartMedia, Inc. (NASDAQ:IHRT ) Q3 2024 Results Conference Call November 7, 2024 8:30 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 Stephen Laszquez - Goldman Sachs Jim Goss - Barrington Research David Hamburger - Morgan Stanley Operator Thank you for standing by. My name is Rebecca, and I will be your conference operator today.
Positive
The Motley Fool
1 month ago
Why iHeartMedia Stock Is Soaring Today
Why is iHeartMedia's stock soaring despite mixed earnings results? The headline numbers don't tell the whole story.
Negative
Zacks Investment Research
1 month ago
IHeartMedia (IHRT) Reports Q3 Loss, Tops Revenue Estimates
IHeartMedia (IHRT) came out with a quarterly loss of $0.16 per share versus the Zacks Consensus Estimate of $0.02. This compares to loss of $0.06 per share a year ago.
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