US45174J5092 - Common Stock
IHEARTMEDIA INC - CLASS A
NASDAQ:IHRT (11/7/2024, 3:16:40 PM)
2.16
+0.42 (+24.14%)
iHeartMedia, Inc. engages in the provision of media and entertainment services. The company is headquartered in San Antonio, Texas and currently employs 9,180 full-time employees. The company went IPO on 2019-05-06. The firm operates through three segments: Multiplatform Group, Digital Audio Group, and Audio & Media Services Group. The Multiplatform Group segment includes the Company's broadcast radio, networks, sponsorships, and events businesses. The Digital Audio Group segment includes all of the Company's digital businesses, including podcasting, the iHeartRadio digital service, its digital advertising technology companies, its digital Websites, newsletters and digital services and programs; and its audio industry social media footprint. The Audio & Media Services Group segment provides other audio and media services, including the Company's media representation business, Katz Media Group, and RCS Sound Software, a provider of scheduling and broadcast software to the industry at large. Its iHeartRadio digital service, available across more than 250 platforms and thousands of devices, the Company’s digital sites, newsletters, and others.
IHEARTMEDIA INC - CLASS A
20880 Stone Oak Parkway
San Antonio TEXAS 78258
P: 12108222828
CEO: Robert W. Pittman
Employees: 9180
Website: https://www.iheartmedia.com/
Shares of global media and entertainment company iHeartMedia (NASDAQ:IHRT) 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.
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Global media and entertainment company iHeartMedia (NASDAQ:IHRT) 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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