NASDAQ:IHRT - Nasdaq - US45174J5092 - Common Stock - Currency: USD
A highly volatile stock can deliver big gains - or just as easily wipe out a portfolio if things go south. While some investors embrace risk, mistakes can be costly for those who aren’t prepared.
iHeartMedia has gotten torched over the last six months - since October 2024, its stock price has dropped 36.2% to $1.27 per share. This was partly due to its softer quarterly results and might have investors contemplating their next move.
Mentions: TDG
Analyst reiterated Underweight rating on iHeartMedia Inc, citing weaker-than-expected results, ongoing pressures in radio & ad market.
Mentions: JPM
Shares of global media and entertainment company iHeartMedia (NASDAQ:IHRT) 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 expe
Global media and entertainment company iHeartMedia (NASDAQ:IHRT) 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.
Global media and entertainment company iHeartMedia (NASDAQ:IHRT) will be reporting earnings tomorrow after market hours. Here’s what to look for.
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.