Workflow
iHeartMedia(IHRT)
icon
Search documents
iHeartMedia and Magnite Unify Access to Broadcast and Digital Audio, Providing Advertisers with a Direct Path to Premium Inventory
Newsfilter· 2024-01-09 13:00
NEW YORK, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the largest independent sell-side advertising company, and iHeartMedia, the number one audio company in the United States, today announced the launch of a first-of-its-kind marketplace that brings together iHeartMedia's broadcast radio, streaming radio and podcast assets for inclusion in omnichannel programmatic media buys, providing the reach and efficiency that advertisers are seeking from audio.   Built from a custom implementation of Mag ...
iHeartMedia(IHRT) - 2023 Q3 - Quarterly Report
2023-11-08 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q Commission File Number 001-38987 IHEARTMEDIA, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) 20880 Stone Oak Parkway San Antonio, Texas 78258 (Address of principal executive offices) (Zip Code) Delaware 26-0241222 (I.R.S. Employer Identification No.) (210) 822-2828 (Registrant's telephone number, including area code) Securities registered pursuant to S ...
iHeartMedia(IHRT) - 2023 Q2 - Earnings Call Transcript
2023-08-08 18:11
iHeartMedia, Inc. (NASDAQ:IHRT) Q2 2023 Earnings Conference Call August 8, 2023 8:00 AM ET Company Participants Mike McGuinness - Head of Investor Relations Bob Pittman - Chairman & Chief Executive Officer Rich Bressler - President, Chief Operating Officer & Chief Financial Officer Conference Call Participants Steven Cahall - Wells Fargo Jim Goss - Barrington Research Operator Good morning. My name is Rob and I'll be your conference operator today. At this time I would like to welcome everyone to the iHeart ...
iHeartMedia(IHRT) - 2023 Q2 - Quarterly Report
2023-08-07 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q Commission File Number 001-38987 IHEARTMEDIA, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) 20880 Stone Oak Parkway San Antonio, Texas 78258 (Address of principal executive offices) (Zip Code) Delaware 26-0241222 (I.R.S. Employer Identification No.) Indicate by check mark whether the registrant has submitted electronically every Interactive Data File ...
iHeartMedia(IHRT) - 2023 Q1 - Earnings Call Transcript
2023-05-02 19:13
iHeartMedia, Inc. (NASDAQ:IHRT) Q1 2023 Earnings Conference Call May 2, 2023 8:30 AM ET Company Participants Mike McGuinness – Head of Investor Relations Bob Pittman – Chairman and Chief Executive Officer Rich Bressler – President, Chief Operating Officer and Chief Financial Officer Conference Call Participants Jessica Reif Ehrlich – Bank of America Securities Steven Cahall – Wells Fargo Dan Day – B. Riley Securities Ben Swinburne – Morgan Stanley Sebastiano Petti – JPMorgan Jim Goss – Barrington Research S ...
iHeartMedia(IHRT) - 2023 Q1 - Earnings Call Presentation
2023-05-02 13:49
Q1 2023 Financial Performance - iHeartMedia's Q1 2023 revenue was $811 million, a decrease of 38% year-over-year, but above the guidance range[7] - The company's consolidated Adjusted EBITDA for Q1 2023 was $93 million, exceeding the guidance range of $80 million to $90 million, but lower than the $145 million reported in Q1 2022[7] - Digital Audio Group revenue increased by 4% to $223 million, with podcast revenue up by 12% to $77 million[7] - Multiplatform Group revenue decreased by 7% to $529 million[8] Capital Structure and Liquidity - As of March 31, 2023, iHeartMedia had a cash balance of $188 million and total available liquidity of $601 million[8] - The company repurchased $20 million in principal balance of Senior Unsecured Notes for $15 million in cash during Q1 2023, expecting approximately $2 million in annualized interest savings[8, 40] - Total repurchases of notes reached $350 million for $315 million cash, expected to generate approximately $30 million of annualized interest savings[8, 57] Podcast Performance and Market Trends - iHeartPodcast Network's monthly downloads have grown more than the next two publishers combined since 2019[14] - Podcast reach is accelerating across every age group, hitting an all-time high in 2023[19] - Weekly podcast listeners in the U S now exceed Netflix subscribers, with 89 million weekly podcast listeners[25, 31] Q2 2023 Guidance - iHeartMedia expects Q2 2023 consolidated revenue to decline in the mid-single digits, and consolidated revenue excluding political impact to decline in the low-single digits[9] - The company anticipates Q2 2023 consolidated Adjusted EBITDA to be between $180 million and $200 million[9]
iHeartMedia(IHRT) - 2023 Q1 - Quarterly Report
2023-05-01 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q Commission File Number 001-38987 IHEARTMEDIA, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) 20880 Stone Oak Parkway San Antonio, Texas 78258 (Address of principal executive offices) (Zip Code) Delaware 26-0241222 (I.R.S. Employer Identification No.) (210) 822-2828 (Registrant's telephone number, including area code) Securities registered pursuant to S ...
iHeartMedia(IHRT) - 2022 Q4 - Earnings Call Transcript
2023-03-01 01:20
iHeartMedia, Inc. (NASDAQ:IHRT) Q4 2022 Earnings Conference Call February 28, 2023 4:30 PM ET Company Participants Mike McGuinness – Head-Investor Relations Bob Pittman – Chairman and Chief Executive Officer Rich Bressler – President, Chief Operating Officer and Chief Financial Officer Conference Call Participants Steven Cahall – Wells Fargo Dan Day – B. Riley Securities Jim Goss – Barrington Sebastiano Petti – JPMorgan Operator Good day, everyone. My name is Kelly, and I’ll be your conference operator for ...
iHeartMedia(IHRT) - 2022 Q4 - Earnings Call Presentation
2023-02-28 23:31
2 This presentation includes information that does not conform to U.S. generally accepted accounting principles (GAAP), such as (i) Adjusted EBITDA and Adjusted EBITDA margin, (ii) Free cash flow, (iii) Free cash flow including net proceeds from real estate sales, (iv) net debt and net leverage, and (v) revenue excluding the effects of political revenue. Since these non-GAAP financial measures are not calculated in accordance with GAAP, they should not be considered in isolation of, or as a substitute for, ...
iHeartMedia(IHRT) - 2022 Q4 - Annual Report
2023-02-27 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2022, or ☐ 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. Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Sec ...