Hundreds of jobs will be slashed at iHeart Media as the debt-ridden radio and podcast giant has been crushed by music streaming, The Post has learned.The company headed by CEO Bob Pittman has cut less than 5% of a workforce of more than 10,000 employees, a source with knowledge said, amounting to hundreds of job losses as the company streamlines its business and eliminates redundancies.Wendy Goldberg, an iHeart spokeswoman, confirmed the layoffs. She noted that the company has focused on expanding its Gen Z ...

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Investors in iHeartMedia, Inc. (IHRT) need to pay close attention to the stock based on moves in the options market lately. That is because the Oct 18, 2024 $5.00 Put had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could als ...

iHeartMedia, Inc. (NASDAQ:IHRT) Q2 2024 Results Conference Call August 8, 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 Jim Goss - Barrington Research Jessica Reif Ehrlich - Bank of America Securities Stephen Laszczyk - Goldman Sachs David Hamburger - Morgan Stanley Marlane Pereiro - Bank of America Securities Operator Good morning, and welcome to the iHear ...

IHeartMedia (IHRT) came out with a quarterly loss of $0.23 per share versus the Zacks Consensus Estimate of a loss of $0.31. This compares to loss of $5.93 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 25.81%. A quarter ago, it was expected that this radio company would post a loss of $0.55 per share when it actually produced a loss of $0.12, delivering a surprise of 78.18%. Over the last four quarters, the company has surp ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _________ TO __________ Commission File Number 001-38987 IHEARTMEDIA, INC. (Exact name of registrant as specified in its charter) Delaware 26-0241222 (State or other jurisdi ...

Exhibit 99.1 rtMEDIA IHEARTMEDIA, INC. REPORTS RESULTS FOR 2024 SECOND QUARTER New York, NY, August 8, 2024 – iHeartMedia, Inc. (Nasdaq: IHRT) today reported financial results for the quarter ended June 30, 2024. Financial Highlights: 1 Q2 2024 Consolidated Results ▪ Q2 Revenue of $929 million, up 1.0%; above guidance of approximately flat • Excluding Q2 Political Revenue, Q2 Revenue flat ▪ GAAP Operating loss of $910 million vs. $897 million in Q2 2023, including non-cash impairment charges of $920 million ...

First Quarter 2024 Investor Presentation May 9, 2024 NASDAQ: IHRT 2 Certain statements in this presentation constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of iHeartMedia, Inc. and its subsidiaries (the "Company"), to be materially different from any future results, performance or a ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 78.18%. A quarter ago, it was expected that this radio company would post earnings of $0.05 per share when it actually produced earnings of $0.09, delivering a surprise of 80%.Over the last four quarters, the company has surpa ...

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. My name is Sarah, and I will be your conference operator today. At this time, I would like to welcome everyone to the iHeartMedia Q1 2024 Earnings Call. All lines have been placed on mute to prevent ...