iHeartMedia Inc is a prominent media and entertainment company primarily known for its extensive audio content offerings, including broadcast radio, digital streaming, and podcasting
The company owns and operates a vast network of radio stations across the United States and leverages its platform to provide a diverse range of music, talk shows, and news programming. In addition to traditional radio, iHeartMedia focuses on digital platforms, catering to the growing demand for on-demand audio content through podcasts and streaming services. The company also engages in advertising and marketing solutions, helping brands connect with audiences through targeted, innovative campaigns across its media assets.
Shares of global media and entertainment company iHeartMedia (NASDAQIHRT)
fell 25.8% in the afternoon session after the company reported weak fourth quarter 2024 results: its Digital Audio revenue missed and its revenue fell short of Wall Street's estimates. On the other hand, iHeartMedia provided optimistic revenue guidance for next quarter, which blew past analysts' expectations. Its full-year EBITDA guidance also slightly exceeded Wall Street's estimates. Though first-quarter revenue is expected to decline in the low single digits, management remains confident in achieving long-term cost savings of $150 million following its debt restructuring efforts, and this is supporting the stron profit guidance. Overall, this was a weaker quarter, with the revenue shortfall weighing on results, even as the company's improved cost structure provides some optimism for the future.
Global media and entertainment company iHeartMedia (NASDAQIHRT) missed Wall Street’s revenue expectations in Q4 CY2024 as sales rose 4.8% year on year to $1.12 billion. On the other hand, next quarter’s outlook exceeded expectations with revenue guided to $1.10 billion at the midpoint, or 33.7% above analysts’ estimates.
What a time it’s been for iHeartMedia. In the past six months alone, the company’s stock price has increased by a massive 52.9%, reaching $2.14 per share. This performance may have investors wondering how to approach the situation.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how iHeartMedia (NASDAQIHRT) and the rest of the broadcasting stocks fared in Q3.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the broadcasting industry, including Gray Television (NYSEGTN) and its peers.
Shares of global media and entertainment company iHeartMedia (NASDAQIHRT)
jumped 41.1% in the morning session after the company reported strong third quarter earnings that blew past analysts' EPS expectations. In addition, its revenue narrowly outperformed Wall Street's estimates. On the other hand, its EBITDA forecast for next quarter was underwhelming and its EBITDA guidance for the full year fell short of Wall Street's estimates. Overall, this was a mixed quarter.
Global media and entertainment company iHeartMedia (NASDAQIHRT) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 5.8% year on year to $1.01 billion. Its GAAP profit of $0.27 per share was 3,283% above analysts’ consensus estimates.
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For the third straight year, serial entrepreneur and VeeFriends founder Gary Vaynerchuk (aka Gary Vee) will host an annual conference that combines elements of business, pop culture
