Major Estimate Revision • 20h
Consensus EPS estimates fall by 99% The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -US$0.104 to -US$0.207 per share. Revenue forecast unchanged at US$4.15b. Media industry in the US expected to see average net income growth of 45% next year. Consensus price target up from US$3.13 to US$4.13. Share price fell 13% to US$4.79 over the past week. Price Target Changed • May 13
Price target increased by 32% to US$4.13 Up from US$3.13, the current price target is an average from 2 analysts. New target price is 21% below last closing price of US$5.21. Stock is up 349% over the past year. The company is forecast to post a net loss per share of US$0.21 next year compared to a net loss per share of US$3.06 last year. Reported Earnings • May 12
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: US$0.61 loss per share (improved from US$1.84 loss in 1Q 2025). Revenue: US$884.2m (up 9.6% from 1Q 2025). Net loss: US$95.2m (loss narrowed 66% from 1Q 2025). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Media industry in the US. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 25% per year. Announcement • May 12
iHeartMedia, Inc. Provides Earnings Guidance for Second Quarter Ending June 30, 2026 iHeartMedia, Inc. provided earnings guidance for second quarter ending June 30, 2026. For the period, the company expects consolidated revenue to increase low-single digits. Announcement • Apr 28
iHeartMedia and SiriusXM Reportedly Enter Merger Talks iHeartMedia, Inc. (NasdaqGS:IHRT) shares soared by more than 35% after news broke that the audio titan has entered early-stage discussions to combine with satellite radio leader Sirius XM Holdings Inc. (NasdaqGS:SIRI). The surge comes in the wake of a report from Bloomberg, which indicated that the two industry behemoths are exploring a potential merger to consolidate their footprints in the evolving audio market. However, the report cautioned that these discussions are currently in the preliminary phases. There is no guarantee that a formal agreement will be signed or that a deal will eventually materialize. New Risk • Apr 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.5x net interest cover). Negative equity (-US$1.8b). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Announcement • Apr 23
iHeartMedia, Inc. to Report Q1, 2026 Results on May 11, 2026 iHeartMedia, Inc. announced that they will report Q1, 2026 results After-Market on May 11, 2026 Announcement • Apr 21
iHeartMedia, Inc., Annual General Meeting, Jun 04, 2026 iHeartMedia, Inc., Annual General Meeting, Jun 04, 2026. Breakeven Date Change • Mar 06
Forecast breakeven date pushed back to 2028 The 4 analysts covering iHeartMedia previously expected the company to break even in 2026. New consensus forecast suggests losses will reduce by 84% per year to 2027. The company is expected to make a profit of US$44.7m in 2028. Average annual earnings growth of 140% is required to achieve expected profit on schedule. Price Target Changed • Mar 03
Price target decreased by 31% to US$3.13 Down from US$4.50, the current price target is an average from 2 analysts. New target price is 6.1% above last closing price of US$2.95. Stock is up 88% over the past year. The company is forecast to post earnings per share of US$0.36 next year compared to a net loss per share of US$3.05 last year. Announcement • Mar 03
iHeartMedia, Inc. Provides Earnings Guidance for the First Quarter 2026 iHeartMedia, Inc. provided earnings guidance for the first quarter 2026. For the quarter, Consolidated Revenue is expected to increase high-single digits. Recent Insider Transactions Derivative • Feb 24
President exercised options and sold US$1.1m worth of stock On the 20th of February, Richard Bressler exercised options to acquire 303k shares at no cost and sold these for an average price of US$3.61 per share. This trade did not impact their existing holding. Since March 2025, Richard's direct individual holding has increased from 1.58m shares to 2.51m. Company insiders have collectively sold US$2.9m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Feb 12
iHeartMedia, Inc. to Report Q4, 2025 Results on Mar 02, 2026 iHeartMedia, Inc. announced that they will report Q4, 2025 results on Mar 02, 2026 Announcement • Dec 24
iHeartMedia Offers Creators and Publishers Unique New Video Podcast Platform iHeartMedia announced that it will be extending its 'Creators First' mission by expanding its podcast platform offerings to seamlessly support both audio and video distribution within both the app and web versions of iHeartRadio -- at no cost to creators. In early 2026, iHeart will give creators the ability to distribute full-length video directly into iHeartRadio - for free - in addition to their existing audio distribution. When this video feature launches, creators will be able to upload their podcast episodes, including full-length video versions, through their standard RSS feeds for seamless distribution in iHeartRadio, the #1 digital radio service which also includes access to millions of podcasts. This new feature will deliver on three important factors: Creative Integrity: Podcasters will control how their content is presented: If they want to offer a full-length video version of their podcast, it will be supported - and if a creator prefers distribute as audio-only, that will be supported too. iHeart will provide the tools; creators will maintain creative ownership. Monetization Strategy Consistent with Podcasting: Creators will retain control over their monetization, with no revenue share required to iHeart. By offering this distribution for free, consistent with audio podcast distribution platforms to date, iHeart will offer creators the most cost-effective strategy for launching and expanding their podcasts -- without compromising either their creative integrity or their financial autonomy. Creator Control Over Where Content is Hosted: iHeart will not require creators to have their videos hosted and served from an iHeart-owned hosting provider in order to make video available on iHeart. Just as they do in audio, creators can decide where they want their videos to be hosted and served. Announcement • Dec 03
Iheart Management Services, Inc. Announces That Mcguinness’S Title Will Become Chief Financial Officer On November 25, 2025, iHeart Management Services, Inc., a subsidiary of iHeartMedia, Inc., entered into the Third Amendment to the Employment Agreement, effective September 5, 2019, between the Company and Michael McGuinness (the “Amendment”). Pursuant to the Amendment, effective January 1, 2026 (the “Effective Date”), Mr. McGuinness’s title will become Chief Financial Officer, reporting to the Company’s President & Chief Operating Officer, Richard Bressler. The Amendment extends the term of the Employment Agreement through June 30, 2030. In addition, effective on the Effective Date. Major Estimate Revision • Nov 17
Consensus EPS estimates fall by 23%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$3.79b to US$3.84b. Forecast EPS reduced from -US$2.19 to -US$2.70 per share. Media industry in the US expected to see average net income growth of 46% next year. Consensus price target up from US$2.13 to US$4.50. Share price fell 11% to US$4.07 over the past week. New Risk • Nov 12
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 182% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (1.0% operating cash flow to total debt). Negative equity (-US$1.8b). Earnings are forecast to decline by an average of 182% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Large one-off items impacting financial results. Reported Earnings • Nov 12
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: US$427 loss per share (further deteriorated from US$0.27 loss in 3Q 2024). Revenue: US$997.0b (up US$996.0b from 3Q 2024). Net loss: US$66.3b (loss widened US$66.2b from 3Q 2024). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates significantly. Revenue is expected to decline by 8.7% p.a. on average during the next 3 years, while revenues in the Media industry in the US are expected to grow by 2.7%. Over the last 3 years on average, earnings per share has increased by 168% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • Nov 11
iHeartMedia, Inc. Provides Consolidated Earnings Guidance for the Fourth Quarter Ending December 31, 2025 iHeartMedia, Inc. provided consolidated earnings guidance for the fourth quarter ending December 31, 2025. For the quarter, the company's Revenue expected to decline low-single digits, Fourth Quarter Consolidated Revenue excluding the impact of Political expected to increase in the mid-single digits. Announcement • Oct 23
iHeartMedia, Inc. to Report Q3, 2025 Results on Nov 10, 2025 iHeartMedia, Inc. announced that they will report Q3, 2025 results on Nov 10, 2025 Recent Insider Transactions • Aug 20
Chairman & CEO recently bought US$257k worth of stock On the 14th of August, Robert Pittman bought around 117k shares on-market at roughly US$2.19 per share. This transaction amounted to 3.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Robert has been a buyer over the last 12 months, purchasing a net total of US$821k worth in shares. Major Estimate Revision • Aug 18
Consensus EPS estimates fall by 17% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -US$1.86 to -US$2.18 per share. Revenue forecast unchanged at US$3.79b. Media industry in the US expected to see average net income growth of 20% next year. Consensus price target of US$1.58 unchanged from last update. Share price rose 38% to US$2.25 over the past week. New Risk • Aug 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 9.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.5x net interest cover). Negative equity (-US$1.7b). Minor Risk Share price has been volatile over the past 3 months (9.3% average weekly change). Reported Earnings • Aug 12
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: US$0.55 loss per share (improved from US$6.50 loss in 2Q 2024). Revenue: US$933.7m (flat on 2Q 2024). Net loss: US$83.5m (loss narrowed 92% from 2Q 2024). Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 98%. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Media industry in the US. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has fallen by 42% per year, which means it is performing significantly worse than earnings. Announcement • Jul 24
iHeartMedia, Inc. to Report Q2, 2025 Results on Aug 11, 2025 iHeartMedia, Inc. announced that they will report Q2, 2025 results on Aug 11, 2025 Announcement • Jun 24
iHeartMedia Brings Hit Podcasts to a Global Audience, Now Streaming in New Languages iHeartMedia announced that some of the world's most popular podcasts are now available in multiple languages to listeners in new regions around the globe on iHeartRadio, Apple Podcasts and other major podcast platforms. Newly translated iHeartMedia-produced shows include "On Purpose with Jay Shetty," "Revisionist History with Malcolm Gladwell," "Stuff You Missed in History Class," "Stuff You Missing in History Class," "Before Breakfast with Laura Vanderkam," "How to Money," "Stuff to Blow Your Mind," "Betrayal," "The Girlfriends" and "Murder 101." A selection of translated episodes will begin rolling out and will become available in six widely spoken languages including Spanish, French, Arabic, Portuguese, Hindi and Mandarin, with plans to expand to even more shows and languages in the future. Podcast translations mark another step forward in iHeartPodcasts' mission to make podcasting more accessible and inclusive. Earlier this year iHeart Women's Sports, the first platform dedicated exclusively to highlighting women's sports, announced eight new shows; and iHeartMedia and Charlamagne the God also announced the lineup for its annual Black Effect Podcast Festival - an event focused on storytelling, collaboration and live experiences as Black voices continue to shape culture and drive conversations. And, most recently iHeartMedia announced a partnership with the Government Communications Office of the State of Qatar to bring podcasting infrastructure, including a podcast studio, to Qatar and a lineup of original shows to Arab-listeners in the Middle East and North Africa. All translated shows in each language are available to listen on iHeartRadio and most major podcast platforms. For clients and advertisers seeking media plans outside of North America they can reach out to. Announcement • Jun 11
iHeartMedia and Charlamagne Tha God Announce the Drink Champs Podcast Network in Partnership with the Black Effect iHeartMedia and Charlamagne Tha God's The Black Effect Podcast Network announced the launch of The Drink Champs Podcast Network in Partnership with The Black Effect, a new home for culture-shifting conversations and original content rooted in hip-hop and beyond. All content on the new network will be executive produced by Drink Champs' hosts N.O.R.E. and DJ EFN, known for their captivating storytelling and dynamic interviews. From debuting their show nine years ago to amassing nearly 100 million downloads, legendary Queens rapper N.O.R. E and Miami Hip Hop pioneer DJ EFN have firmly established themselves as ones-to-watch in the podcasting space with "Drink Champs." Now, with the launch of The Drink Champ Podcast Network in Partnership with TheBlack Effect, they are set to amplify new voices, elevate untold stories and expand the legacy of culturally impactful storytelling rooted in hip-hop. The network will debut with, "ROC Solid," a new original podcast series hosted by hip-hop icon and Roc-A-Fella Records legend Memphis Bleek. After decades of making waves in the music industry, Bleek is shipping the script in "ROC Solid," and now he's the one asking the questions. The new original series will highlight voices from Bleek's Roc-A-Fella past including N.O. ROC SOLID with Memphis Bleek. This isn't just a Roc-A-Fella retrospective, it's a platform for culture-shapers across music, business, sports, and beyond who've made a lasting impact. 'ROC SOLID' is about more than music. It's about the mind, the moves, and the moments that define excellence. Announcement • Jun 06
iHeartmedia, Inc. Designates Scott Hamilton as Principal Accounting Officer, Effective June 2, 2025 iHeartMedia, Inc. transitioned Scott Hamilton from his role as the Company’s principal accounting officer to a consulting arrangement, effective June 2, 2025. On June 5, 2025, Michael B. McGuinness, the Company’s Executive Vice President, Deputy Chief Financial Officer, was designated as the Company’s principal accounting officer. Mr. Hamilton’s change in status is not the result of any dispute or disagreement with the Company, including with respect to any matters relating to the Company’s accounting practices or financial reporting. Recent Insider Transactions Derivative • May 22
Chairman & CEO exercised options and sold US$740k worth of stock On the 18th of May, Robert Pittman exercised 398k options at a strike price of around US$1.24 and sold these shares for an average price of US$3.10 per share. This trade did not impact their existing holding. For the year to December 2018, Robert's total compensation was 14% salary and 86% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2025, Robert's direct individual holding has increased from 2.19m shares to 2.83m. Company insiders have collectively sold US$897k more than they bought, via options and on-market transactions in the last 12 months. Announcement • May 22
iHeartMedia, Inc. Elects Robert Millard as Director iHeartMedia, Inc. held its 2025 Annual Meeting of Stockholders on May 13, 2025, approved to elect Robert Millard as director. Recent Insider Transactions • May 21
Chairman & CEO recently bought US$244k worth of stock On the 15th of May, Robert Pittman bought around 200k shares on-market at roughly US$1.22 per share. This transaction amounted to 7.6% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth US$320k. Robert has been a buyer over the last 12 months, purchasing a net total of US$564k worth in shares. Major Estimate Revision • May 19
Consensus EPS estimates fall by 238% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -US$0.55 to -US$1.86 per share. Revenue forecast unchanged at US$3.76b. Media industry in the US expected to see average net income growth of 8.5% next year. Consensus price target down from US$2.83 to US$1.43. Share price fell 3.9% to US$1.24 over the past week. Reported Earnings • May 13
First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2025 results: US$1.84 loss per share (further deteriorated from US$0.12 loss in 1Q 2024). Revenue: US$807.1m (up 1.0% from 1Q 2024). Net loss: US$281.2m (loss widened US$262.7m from 1Q 2024). Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Media industry in the US. Over the last 3 years on average, earnings per share has fallen by 56% per year whereas the company’s share price has fallen by 54% per year. Announcement • May 13
Iheartmedia, Inc. Provides Earning Guidance for the Quarter Ending June 30, 2025 iHeartMedia, Inc. provides earning guidance for the quarter ending June 30, 2025. For the quarter, the company expects Revenue to decline low-single digits. Announcement • Apr 29
iHeartMedia, Inc. to Report Q1, 2025 Results on May 12, 2025 iHeartMedia, Inc. announced that they will report Q1, 2025 results on May 12, 2025 Announcement • Apr 25
iHeartMedia, Inc. Names David Hillman as Executive Vice President, Chief Legal Officer and Secretary iHeartMedia, Inc. announced that David Hillman has been named its Executive Vice President, Chief Legal Officer and Secretary. In his new role, Hillman will oversee all legal matters for the company, including the compliance, regulatory and corporate governance functions, as well as the company’s Government Affairs, Business Affairs and Privacy teams. Hillman comes to iHeart with broad media experience. Most recently he served as Chief Legal Officer and member of the founding leadership team of Venu Sports, a sports streaming joint venture between ESPN, FOX and Warner Bros. Discovery. Prior to Venu, Hillman worked at Paramount Global, last serving as EVP and General Counsel of CBS Sports and CBS News & Stations. He also served as General Counsel at both Simon & Schuster and Westwood One. Major Estimate Revision • Apr 24
Consensus EPS estimates fall by 28% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -US$0.43 to -US$0.55 per share. Revenue forecast unchanged at US$3.78b. Media industry in the US expected to see average net income growth of 21% next year. Consensus price target down from US$3.33 to US$2.83. Share price rose 3.7% to US$1.02 over the past week. Announcement • Apr 24
Kaleidoscope and iHeartPodcasts Announces the Launch of "Kill Switch" Kaleidoscope and iHeartPodcasts announced the launch of "Kill Switch," a new, boundary-pushing podcast that will dive into the technology shaping world right now, hosted by Emmy-winning journalist Dexter Thomas, Ph.D. The first episode of "Kill Switch" will debut April 23, with new episodes dropping weekly every Wednesday. Listen now HERE. Kill Switch is a technology survival guide to modern culture, pulling back the curtain on the systems listeners rely on daily, from AI and privacy to the strange and impractical corners of the internet. Host Dexter Thomas will answer questions big and small--like who's behind Shrimp Jesus, and could get arrested by a computer? Ep episodes of "Kill Switch" will also feature "How to Now" segments, bringing the DIY back into technology and offering listeners practical steps to better utilize it, ranging from topics like how to run their own large language model (LLM) to keeping their data safe. The podcast will combat the difficulty of understanding increasingly user-friendly technology and aims to help listeners reclaim their agency and tech literacy in a world increasingly run by algorithms and automation. "Kill Switch" is hosted by media veteran Dexter Thomas, a three-time Emmy-winning journalist from San Bernardino, CA. Thomas began his reporting tenure as a culture and technology reporter for the Los Angeles Times, where his coverage contributed to a Pulitzer Prize and has since written for other major outlets including WIRED, The Guardian, VICE, and NPR. Thomas also is a former on-air correspondent for VICE News Tonight, airing across HBO MAX, Showtime and VICE TV, covering topics from drugs and videogames in the US to politics in South Africa. Thomas hosted and produced RESET, a 10-episode TV series covering the dark side of video games. A former Fulbright scholar, Thomas holds a doctoral degree in Asian Studies from Cornell University, where he wrote his PhD on Japanese hip-hop and served as a postdoctoral research associate at Princeton University. Also a musician and DJ, Thomas has written music appearing on various projects for HBO and VICE TV. With "Kill Switch," Kaleidoscope continues expanding its mission to spotlight today's most interesting, urgent and important topics in science and technology. 'Kill Switch' is a powerful addition to Kaleidoscope's mission of telling thrilling, consequential stories that bring today's scientific renaissance to life," said Oz Woloshyn, CEO of Kaleidoscope. "Dexter Thomas brings a rare combination of journalistic rigor, cultural insight, and approachability to this series that makes the most complex tech feel personal and accessible. As the premiere destination for science and technology storytelling, 'Kill Switch' is a natural progression of that vision". Announcement • Apr 09
iHeartPodcasts and the National Basketball Association Debut New Narrative Series "Dub Dynasty" iHeartMedia, Inc. debuted "Dub Dynasty," a new co-produced limited-series podcast from the NBA Podcast Network that will cover the behind-the-scenes story of the Golden State Warriors' (GSW) four championship run over the last ten years and look ahead to the next chapter in their incredible journey as the team pushes for success during the 2025 season. Hosted by Israel Gutierrez, the show will chronicle GSW's indelible impact on basketball and the challenges the franchise has overcome in order to become one of the great dynasties in modern sports. In the first episode, Gutierrez will discuss his introduction to NBA basketball as a kid and how the Golden State Warriors franchise - that last won a title in 1975 - begins to put the pieces together to form one of the great teams ever. He will also dive deep into the 2009 NBA Draft Day drama that nearly resulted in Stephen Curry never becoming a Warrior and the inside take on why many felt he would never reach Super-Star level success. Dub Dynasty adds to iHeartMedia's existing shows in partnership with the NBA including " NBA DNA with Hannah Storm," " Four Years of Heat," " Miles and Jack Got Mad Boosties" and more. Announcement • Apr 03
iHeartMedia, Inc., Annual General Meeting, May 13, 2025 iHeartMedia, Inc., Annual General Meeting, May 13, 2025. Board Change • Apr 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 3 highly experienced directors. Independent Director Sam Englebardt was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Mar 18
Black Information Network and iHeartMedia, Inc. Announce "To Altadena, with Love" A New Five-Part Podcast Series Focused on the Disruptive Impact of the Eaton Fire on the Historic Black Middle-Class Community of Altadena Black Information Network and iHeartMedia announced "To Alt Pasadena, With Love" a new five-part podcast series focused on the devastating impact of the Eaton fires on the historic Black middle-class community of Alt Pasadena. This series will explore the significance of Alt Pasadena, its legacy and the personal stories of survivors and community members who lived through one of the region's most destructive natural disasters. The first episode will be available on March 24 with new episodes available weekly. Hosted by BIN: Black Information Network journalist Mimi Brown, "To Alt Pasadena, With love" will blend history, education, and firsthand survivor accounts to offer listeners an in-depth perspective on the fires. The podcast will showcase how the fire devastated homes and families while also highlighting the courage and determination of Alt Pasadena's residents as they fight to rebuild their community, not just structures, but a spirit of survival against all odds. Recent Insider Transactions • Mar 11
Chairman & CEO recently bought US$320k worth of stock On the 4th of March, Robert Pittman bought around 200k shares on-market at roughly US$1.60 per share. This transaction amounted to 9.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Robert's only on-market trade for the last 12 months. Major Estimate Revision • Mar 09
Consensus EPS estimates fall by 57% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -US$0.315 to -US$0.493 per share. Revenue forecast unchanged at US$3.84b. Media industry in the US expected to see average net income growth of 21% next year. Consensus price target down from US$3.58 to US$3.33. Share price rose 3.4% to US$1.83 over the past week. Announcement • Mar 08
iHeartMedia, Inc. Announces Resignation of Jordan R. Fasbender, the Executive Vice President, Chief Legal Officer and Secretary, Effective April 1, 2025 On March 3, 2025, Jordan R. Fasbender, the Executive Vice President, Chief Legal Officer and Secretary of iHeartMedia, Inc. resigned from her positions with the Company, effective on or around April 1, 2025,to accept another position outside of the Company. Ms. Fasbender will remain in her current position to assist with the transition of her responsibilities through the Effective Date. Ms. Fasbender’s resignation is not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Major Estimate Revision • Mar 06
Consensus EPS estimates fall by 49% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -US$0.315 to -US$0.47 per share. Revenue forecast unchanged at US$3.84b. Media industry in the US expected to see average net income growth of 19% next year. Consensus price target down from US$3.58 to US$3.50. Share price fell 33% to US$1.51 over the past week. Reported Earnings • Feb 28
Full year 2024 earnings released: US$6.68 loss per share (vs US$7.39 loss in FY 2023) Full year 2024 results: US$6.68 loss per share (improved from US$7.39 loss in FY 2023). Revenue: US$3.85b (up 2.8% from FY 2023). Net loss: US$1.01b (loss narrowed 8.4% from FY 2023). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Media industry in the US. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 55% per year, which means it has not declined as severely as earnings. Announcement • Feb 12
iHeartMedia, Inc. to Report Q4, 2024 Results on Feb 27, 2025 iHeartMedia, Inc. announced that they will report Q4, 2024 results on Feb 27, 2025 Announcement • Jan 27
iHeartMedia World Premieres New Singles from Papa Roach, Sexyy Red & Bruno Mars iHeartMedia recently celebrated new music and artists alike with special programming, including World Premiere debuts and live events. iHeartMedia World Premiered new music this week, including Papa Roach’s “Even If it Kills Me” on January 22 across all iHeartRadio Rock and select Alt stations; and Sexyy Red and Bruno Mars’ “Fat Juicy &” on January 24 across all iHeartRadio Hip-Hop and Rhythm CHR stations. Additionally, iHeartRadio hosted the “iHeartRadio Album Preview Party: Featuring The High Road by Kane Brown” in Nashville, Atlanta, Cleveland, Phoenix, and Minneapolis where listeners had early access to Kane’s new album “The High Road,” out now. At Nashville’s event, Kane made a special appearance and participated in a Q&A with iHeart hosts Brooke Taylor and Ricki Sanchez. Winners from radio promotions in all markets received an exclusive invite to the Album Preview Party and took home merchandise hand-selected by Kane. To further highlight “The High Road,” all iHeartCountry stations featured Kane’s new music and past hits once per hour from 2 p.m. - 7 p.m. local time on release day, January 24. Next week, iHeart will celebrate Will Smith’s return to music with “iHeartRadio LIVE with Will Smith: An Exclusive World Premiere Event” on January 29. During the special evening, Smith will premiere his new single with Big Sean "BEAUTIFUL SCARS," featuring OBanga, and talk about his new song and more during an interview hosted by iHeartRadio's Enrique Santos. Fans can tune in at 7 p.m. PT/10 p.m. ET on iHeartRadio stations nationwide and the free iHeartRadio app on the Hit Nation station. Announcement • Jan 10
iHeartPodcasts and AYR Media Announce Podcast 'The Real Killer' iHeartMedia, Inc. and AYR Media announced the highly anticipated third season of its groundbreaking true crime podcast "The Real Killer," premiering January 9th. Hosted by investigative journalist Leah Rothman, the new season will unravel one of the most perplexing murder mysteries of the late 1990s. Rothman and Aliza Rosen of AYR Media executive produce the series. The new season will delve deep into the chilling story of Anastasia WitbolsFeugen, an 18-year-old whose life was brutally cut short on an autumn night in 1997. What begins as a tragic murder quickly transforms into an in-depth and wide ranging investigation that challenges everything listeners thought they knew about criminal investigations. Rothman's meticulous reporting will peel back layers of complexity and present a case that defies simple narratives. Listeners will be thrust into a world where a single recorded phone call and questionable eyewitness testimony become crucial pieces of a mind-bending puzzle. Is the real killer rightly behind bars or still walking free?. Key highlights of the new season include: A deep dive into the mysterious circumstances of Anastasia's murder - Exclusive interviews and never-before-heard evidence including many hours of police interrogations of key witnesses - A narrative that continually shifts listener perspectives. WHEN: The first two episodes of "The Real Killer" will be available beginning January 8th. WHERE: Listen to “The Real Killer” on the iHeartRadio app and everywhere podcasts are heard. “The Real Killer” is distributed by iHeartPodcasts. Announcement • Jan 08
iHeartMedia, Inc. Elevates Nicky Sparrow to Executive Vice President of Multicultural Sales iHeartMedia, Inc. announced that Nicky Sparrow has been elevated to Executive Vice President of Multicultural Sales effective immediately. Sparrow and Faison will report to Tony Coles, President of Multicultural Business and Development. In her new role, Sparrow will continue to focus on driving results for advertising partners by leveraging iHeartMedia’s unparalleled assets including broadcast radio, podcast, digital, data and events platforms as well as The Black Effect Podcast Network and My Cultura Podcast Network serving multicultural audiences across the country. Sparrow, a seasoned media industry leader, has built an impressive 25-year career at iHeartMedia, excelling in high-level management and sales roles across major markets. Most recently, she served as Senior Vice President of Multicultural Sales. Committed to giving back, Sparrow serves on the board of directors for the Radio Advertising Bureau, Florida Association of Broadcasting, The First Tee of North Florida and St. Jude Children’s Research Hospital. In recognition of her philanthropic efforts, she was named St. Jude’s 2024 Partner of the Year. Announcement • Dec 13
iHeartMedia Unveils the Next-Generation iHeartRadio App iHeartMedia 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 experience and mobile streaming. Drawing from extensive user research and feedback, the redesigned iHeartRadio app reflects iHeartMedia's commitment to delivering a seamless and simplified radio listening experience tailored to the express needs of a modern audience using all the technology tools available today. iHeart reaches more consumers in America than any other media, and that day-to-day relationship with hundreds of millions of listeners in the U.S. provides the unique insights and feedback used in developing this next-generation app experience. The updated iHeartRadio app design combines all the features of the car radio that listeners know and love with innovative digital technology enhancements, including: Presets: In an audio-industry first and drawing inspiration directly from the car dashboard, custom presets allow listeners to save up to 15 of their favorite radio stations, playlists, podcasts and artist radio stations -- the ones they love listening to the most and come back to most often. The presets will be available throughout the app. Scan Button: In another audio-industry first, listeners can discover new stations with scan, and seamlessly sample nationwide radio stations, or filter by city or genre. It's a brand-new way for app users to navigate iHeartRadio's unparalleled broadcast radio dial, ensuring their new favorite stations are never out of reach - and they can discover new ones that they'll love. Live Radio Dial: This new app feature enables listeners to easily explore the best live stations across the country. This experience mimics the same car radio experience that listeners know and love, but has the added benefit of being organized by genre and location for ease of discovery. What's Trending Rankers: Users will have access to an innovative discovery feature that allows them to see what's trending at that moment among other listeners across Top Podcasts, Top Playlists and Top Artist Radio stations, as well as features that are trending on iHeartRadio. Lyrics: The most requested new listener feature, iHeart is now the only digital radio app to offer lyrics for the song users are listening to on live radio. Initial rollout of the new iHeartRadio app begins and will be available to all listeners on Android and iOS by December 17. Breakeven Date Change • Nov 18
Forecast to breakeven in 2026 The 5 analysts covering iHeartMedia expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$87.5m in 2026. Average annual earnings growth of 103% is required to achieve expected profit on schedule. Recent Insider Transactions • Nov 17
Lead Independent Director recently sold US$96k worth of stock On the 13th of November, James Rasulo sold around 40k shares on-market at roughly US$2.40 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Nov 08
Third quarter 2024 earnings: EPS misses analyst expectations Third quarter 2024 results: US$0.27 loss per share (further deteriorated from US$0.06 loss in 3Q 2023). Revenue: US$1.01b (up 5.8% from 3Q 2023). Net loss: US$41.3m (loss widened 356% from 3Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Media industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 15 percentage points per year, which is a significant difference in performance. Announcement • Nov 08
iHeartMedia, Inc. Provides Consolidated Earnings Guidance for the Fourth Quarter and Full Year Ending December 31, 2024 and Full Year 2025 iHeartMedia, Inc. provided Consolidated earnings guidance for the fourth quarter and full year ending December 31, 2024 . For the quarter, the company expects Revenue to increase in the high-single digits.
For the year, the company expects Revenue to increase in the mid-single digits.
Full Year 2025 Consolidated Revenue expected to be approximately flat in a non-political year . Announcement • Oct 24
iHeartMedia, Inc. to Report Q3, 2024 Results on Nov 07, 2024 iHeartMedia, Inc. announced that they will report Q3, 2024 results Pre-Market on Nov 07, 2024 Breakeven Date Change • Aug 13
Forecast breakeven date pushed back to 2026 The 5 analysts covering iHeartMedia previously expected the company to break even in 2024. New consensus forecast suggests losses will reduce by 72% per year to 2025. The company is expected to make a profit of US$32.1m in 2026. Average annual earnings growth of 93% is required to achieve expected profit on schedule. Reported Earnings • Aug 09
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: US$6.50 loss per share (further deteriorated from US$5.93 loss in 2Q 2023). Revenue: US$929.1m (up 1.0% from 2Q 2023). Net loss: US$981.7m (loss widened 11% from 2Q 2023). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Media industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 8 percentage points per year, which is a significant difference in performance. Announcement • Aug 09
iHeartMedia, Inc. Provides Consolidated Earnings Guidance for the Third Quarter and Full Year 2024 iHeartMedia, Inc. provided Consolidated earnings guidance for the third quarter and full year 2024. For the quarter, the company expects Revenue to increase in the mid-single digits.
For the year, the company expects Revenue to increase in the mid-single digits. Announcement • Jul 25
iHeartMedia, Inc. to Report Q2, 2024 Results on Aug 08, 2024 iHeartMedia, Inc. announced that they will report Q2, 2024 results on Aug 08, 2024 Announcement • Jul 11
iHeartPodcasts and Mental Health Expert Sean “Seano” McFarland Announce “The Seano Show,” A New Original Series That Will Tackle Addiction, Trauma and the Importance of the Healing Journey iHeartPodcasts and Mental Health Expert Sean “Seano” McFarland announced “The Seano Show,” a new original series that will tackle addiction, trauma and the importance of the healing journey. Premiering July 10, 2024, the series will feature in depth discussions leading trauma and addiction, those who are currently dealing with it and those who overcome it. In episode one, McFarland will sit down with bestselling author, motivational speaker and convicted felon Damon West. West will vividly recount his early success as a high school quarterback, his tragic fall into drug addiction and crime, and the daunting 65-year prison sentence he received. The two will discuss the profound impact of childhood trauma, the relentless battle with addiction, and the transformative advice to 'be a coffee bean' that sparked West’s remarkable recovery. Recent Insider Transactions Derivative • May 23
Chairman & CEO exercised options and sold US$171k worth of stock On the 18th of May, Robert Pittman exercised options to acquire 141k shares at no cost and sold these for an average price of US$1.21 per share. This trade did not impact their existing holding. For the year to December 2017, Robert's total compensation was 13% salary and 87% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2023, Robert's direct individual holding has increased from 1.37m shares to 1.93m. Company insiders have collectively bought US$50k more than they sold, via options and on-market transactions, in the last 12 months. Breakeven Date Change • May 16
Forecast breakeven date moved forward to 2024 The 6 analysts covering iHeartMedia previously expected the company to break even in 2026. New consensus forecast suggests the company will make a profit of US$32.0m in 2024. Earnings growth of 116% is required to achieve expected profit on schedule. Price Target Changed • May 12
Price target decreased by 13% to US$2.43 Down from US$2.80, the current price target is an average from 4 analysts. New target price is 87% above last closing price of US$1.30. Stock is down 48% over the past year. The company is forecast to post earnings per share of US$0.20 next year compared to a net loss per share of US$7.39 last year. Reported Earnings • May 09
First quarter 2024 earnings released: US$0.12 loss per share (vs US$1.50 loss in 1Q 2023) First quarter 2024 results: US$0.12 loss per share (improved from US$1.50 loss in 1Q 2023). Revenue: US$799.0m (down 1.5% from 1Q 2023). Net loss: US$18.5m (loss narrowed 92% from 1Q 2023). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Media industry in the US. Over the last 3 years on average, earnings per share has fallen by 62% per year whereas the company’s share price has fallen by 60% per year. Announcement • Apr 28
iHeartMedia, Inc., Annual General Meeting, Jun 05, 2024 iHeartMedia, Inc., Annual General Meeting, Jun 05, 2024, at 10:00 US Eastern Standard Time. Agenda: To consider the election of the eight director nominees; to consider the ratification of the appointment of Ernst & Young LLP as independent registered public accounting firm for the fiscal year ending December 31, 2024; to consider the approval, on an advisory (non-binding) basis, of the compensation of named executive officers and to consider other matters. Announcement • Apr 20
iHeartMedia, Inc. to Report Q1, 2024 Results on May 09, 2024 iHeartMedia, Inc. announced that they will report Q1, 2024 results on May 09, 2024 Price Target Changed • Mar 17
Price target decreased by 24% to US$2.80 Down from US$3.67, the current price target is an average from 5 analysts. New target price is 35% above last closing price of US$2.07. Stock is down 52% over the past year. The company is forecast to post a net loss per share of US$0.054 next year compared to a net loss per share of US$7.39 last year. Reported Earnings • Mar 01
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: US$7.57 loss per share (further deteriorated from US$1.79 loss in FY 2022). Revenue: US$3.75b (down 4.1% from FY 2022). Net loss: US$1.10b (loss widened 317% from FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.3%. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Media industry in the US. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 48% per year, which means it is performing significantly worse than earnings. Price Target Changed • Mar 01
Price target decreased by 8.7% to US$3.50 Down from US$3.83, the current price target is an average from 6 analysts. New target price is 55% above last closing price of US$2.26. Stock is down 57% over the past year. The company is forecast to post earnings per share of US$0.21 next year compared to a net loss per share of US$7.57 last year. Major Estimate Revision • Feb 29
Consensus EPS estimates fall by 18% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from US$0.084 to US$0.069 per share. Revenue forecast steady at US$3.97b. Net income forecast to grow 75% next year vs 47% growth forecast for Media industry in the US. Consensus price target of US$3.67 unchanged from last update. Share price rose 17% to US$2.77 over the past week. 