iHeartMedia(IHRT)

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iHeartMedia(IHRT) - 2021 Q3 - Earnings Call Transcript
2021-11-07 04:57
iHeartMedia, Inc. (NASDAQ:IHRT) Q3 2021 Earnings Conference Call November 4, 2021 4:30 PM ET Company Participants Mike McGuinness - Executive Vice President, Deputy Chief Financial Officer & Head of Investor Relations Bob Pittman - Chairman & Chief Executive Officer Rich Bressler - President, Chief Operating Officer & Chief Financial Officer Conference Call Participants Jessica Ehrlich - Bank of America Securities Steve Cahall - Wells Fargo Securities Dan Day - B. Riley Securities Operator Good day and than ...
iHeartMedia(IHRT) - 2021 Q3 - Earnings Call Presentation
2021-11-05 19:57
Third Quarter 2021 Investor Presentation November 4, 2021 NASDAQ: IHRT Safe Harbor Statement 2 Forward Looking Language 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 ...
iHeartMedia(IHRT) - 2021 Q3 - Quarterly Report
2021-11-03 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) - 2021 Q2 - Earnings Call Transcript
2021-08-07 20:22
iHeartMedia, Inc. (NASDAQ:IHRT) Q2 2021 Earnings Conference Call August 5, 2021 4:30 PM ET Company Participants Michael McGuinness - EVP, Deputy CFO & Head, IR Robert Pittman - Chairman & CEO Richard Bressler - President, COO, CFO & Director Conference Call Participants Jessica Reif Ehrlich - Bank of America Merrill Lynch Steven Cahall - Wells Fargo Securities Sebastiano Petti - JPMorgan Chase & Co. James Goss - Barrington Research Associates Benjamin Swinburne - Morgan Stanley Stephen Laszczyk - Goldman Sa ...
iHeartMedia(IHRT) - 2021 Q2 - Quarterly Report
2021-08-04 16:00
(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 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q Commission File Number 001-38987 IHEARTMEDIA, INC. (Registrant's telephone number, including area code) Securities registered pursuant to S ...
iHeartMedia(IHRT) - 2021 Q1 - Earnings Call Transcript
2021-05-10 03:45
iHeartMedia, Inc. (NASDAQ:IHRT) Q1 2021 Earnings Conference Call May 6, 2021 4:30 PM ET Company Participants Michael McGuinness - Deputy CFO, Head of IR Richard Bressler - President, COO, CFO, Director Robert Pittman - Chairman & CEO Conference Call Participants Jessica Ehrlich - Bank of America Steven Cahall - Wells Fargo Jim Goss - Barrington Research Sebastiano Petti - JP Morgan Operator Ladies and gentlemen welcome to the iHeartMedia Q1 2021 Earnings Call. My name is _ and I will be coordinating your c ...
iHeartMedia(IHRT) - 2021 Q1 - Earnings Call Presentation
2021-05-07 16:40
First Quarter 2021 Investor Presentation May 6, 2021 Safe Harbor Statement Forward Looking Language 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 ...
iHeartMedia(IHRT) - 2021 Q1 - Quarterly Report
2021-05-05 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) Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Common Stock IHRT The Nasdaq Stock Market LLC 20880 Stone Oak Parkway San Antonio, Texas 78258 (Address of principal executive offices) (Zip Code) Delaware 26-0241222 (I.R.S ...
iHeartMedia(IHRT) - 2020 Q4 - Earnings Call Transcript
2021-02-28 17:30
Financial Data and Key Metrics Changes - Reported revenues decreased by 9% year-over-year in Q4 2020, showing sequential improvement from a 22% decline in Q3 and a 47% decline in Q2 [17][43] - Adjusted EBITDA for Q4 was $266 million, down 13% from $306 million in the prior year [24][46] - Free cash flow generated in Q4 was $53 million, indicating a recovery from negative free cash flow in Q2 2020 [50][103] Business Line Data and Key Metrics Changes - Digital revenues grew by 53% year-over-year, with podcasting revenue increasing by 100% in Q4 [22][47] - Broadcast revenues declined by 19% in Q4, while Networks revenue decreased by 16% year-over-year [18][47] - The new reportable segments include the iHeartMedia Multiplatform Group and the iHeartMedia Digital Audio Group, which will provide better visibility into performance and margins [10][25] Market Data and Key Metrics Changes - Political revenue reached $168 million in 2020, an increase of 81% over the last presidential cycle in 2016 [20] - Broadcast radio usage in cars is returning to pre-COVID levels, while usage of iHeartRadio on digital devices remains elevated [18] Company Strategy and Development Direction - The company is focused on innovation and adaptation, particularly in digital audio and podcasting, to mitigate advertising revenue downturns [7][10] - The acquisition of Triton Digital aims to establish a complete ad tech solution for all forms of audio, enhancing the company's competitive position [14][36] - The company expects to return to 2019 performance levels by the end of 2021, driven by pent-up consumer demand and the rollout of COVID-19 vaccines [15][63] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the challenges posed by COVID-19 but expresses optimism about recovery and growth in 2021 [15][64] - The company plans to maintain cost savings initiatives and expects to achieve a $100 million run rate from modernization efforts by mid-2021 [51][63] - Management believes the decisions made during the pandemic position the company well for future growth in the advertising ecosystem [65] Other Important Information - The company achieved $250 million in cost savings in 2020, with plans to replicate a significant portion of these savings in 2021 [23][52] - The company ended Q4 with approximately $5.3 billion in net debt, down from $5.4 billion in the previous year [49] Q&A Session Summary Question: Can you quantify how Triton accelerates growth? - Management believes Triton will enhance the company's financial structure and complete the ad tech stack, allowing for unified audio advertising solutions [68][70] Question: Is the growth rate of podcasting sustainable? - Management is confident in the podcasting business's growth, noting a 100% increase in Q4 and a 126% increase in January [81][82] Question: How do you view the mix between the Multiplatform and Digital Audio Groups? - Management expects the Digital Audio Group to grow at a higher rate, becoming a larger proportion of overall revenue and earnings [111] Question: When do you expect to return to live events? - Management anticipates that live events may not resume until summer at the earliest, but virtual events will continue to be part of the strategy [114]
iHeartMedia(IHRT) - 2020 Q4 - Earnings Call Presentation
2021-02-26 20:29
Fourth Quarter 2020 Investor Presentation February 25, 2021 Safe Harbor Statement Forward Looking Language 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 fr ...