iHeartMedia upgraded by BofA Securities with a new price target
$IHRT
Broadcasting
Consumer Discretionary
BofA Securities upgraded iHeartMedia from Underperform to Neutral and set a new price target of $3.00 from $1.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/12/2024 | $1.00 → $3.00 | Underperform → Neutral | BofA Securities |
| 3/28/2023 | $6.50 → $4.00 | Neutral → Underperform | BofA Securities |
| 3/1/2023 | Outperform → Mkt Perform | Barrington Research | |
| 3/1/2023 | $10.00 → $5.00 | Neutral → Underweight | JP Morgan |
| 8/10/2022 | $15.00 → $9.00 | Buy → Neutral | Goldman |
| 7/8/2022 | $23.00 → $9.00 | Overweight → Equal Weight | Wells Fargo |
| 6/24/2022 | $30.00 → $10.00 | Buy → Neutral | BofA Securities |
| 6/10/2022 | $25.00 → $11.00 | Equal-Weight → Underweight | Morgan Stanley |
iHeartMedia, Inc. (NASDAQ:IHRT) today reported financial results for the quarter ended September 30, 2024. Financial Highlights:1 Announced Debt Exchange Transactions and Cost Efficiency Actions Entered into a transaction support agreement with a group of debt holders representing approximately 80% of the Company's outstanding term loan and notes to exchange $4.1 billion of existing debt; extend maturities by three years; keep consolidated annual cash interest essentially flat; and provide debt reduction Announced cost programs expected to generate $150 million of annual cost savings in 2025. In addition, programs enacted earlier this year will generate another $50 million in 2025, fo
iHeartMedia, Inc. (NASDAQ:IHRT) announced today that on Thursday November 7th, 2024, it will issue financial results for the quarter ending September 30, 2024. The company will conduct a conference call at 8:30 a.m. (ET), following the release of its earnings announcement, to discuss its financial results and business outlook. A live audio webcast of the call will be available on the Investors homepage of iHeartMedia's website (https://investors.iheartmedia.com/) beginning at 8:30 a.m. (ET) on November 7th. The conference call can also be accessed by dialing (888) 596-4144 (domestic) or +1 646 968-2525 (international) using PIN number 8885116. Please call at least five minutes in advance t
iHeartMedia, Inc. (NASDAQ:IHRT) today reported financial results for the quarter ended June 30, 2024. Financial Highlights:1 Q2 2024 Consolidated Results Q2 Revenue of $929 million, up 1.0%; above guidance of approximately flat Excluding Q2 Political Revenue, Q2 Revenue flat GAAP Operating loss of $910 million vs. $897 million in Q2 2023, including non-cash impairment charges of $920 million in Q2 2024 and $961 million in Q2 2023 Consolidated Adjusted EBITDA of $150 million, within previously disclosed guidance range of $140 million to $160 million, compared to $191 million in Q2 2023 Cash provided by operating activities of $27 million Free Cash Flow of $6 million
The four-season deal marks the first foray into investigative journalism for the "Law & Order" brand iHeartPodcasts, the No. 1 podcast publisher globally according to Podtrac, Universal Television (UTV) and Wolf Entertainment today announced that they have inked a deal to develop and co-produce "Law & Order: Criminal Justice System," an unscripted true-crime series that furthers the "Law & Order" brand's expansion into audio and marks the first foray into investigative journalism. The deal will encompass four 12-episode seasons. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240815440894/en/(Graphic: Business Wire) "Law & Orde
iHeartMedia, the leading audio company in America with a greater reach in the U.S. than any other media outlet, announced today that Jess Hilarious will join the wildly popular, nationally syndicated hit radio show "The Breakfast Club" as its new co-host, effective February 5, 2024. "The Breakfast Club" broadcasts weekday mornings from 6 a.m. to 10 a.m. ET. Jess Hilarious will join DJ Envy and Charlamagne Tha God on New York Power 105.1's top-rated morning show "The Breakfast Club," which is syndicated nationally by Premiere Networks on nearly 100 radio stations across the country reaching millions of listeners. "The Breakfast Club" connects listeners with unrivaled interviews and convers
The in-person ceremony honors podcasting excellence across 29 categories including fan-voted Podcast of the Year Award The event will video stream in partnership with YouTube iHeartMedia, the No. 1 podcast publisher globally according to Podtrac, has joined forces with South by Southwest (SXSW) to announce the return of the iHeartPodcast Awards, which will take place live and in-person during the SXSW Conference and Festivals in Austin, TX. The event will be held at the Fairmont Hotel on Monday, March 11 at 8 p.m. CT and will honor the best and most innovative industry podcasts and creators of 2023. The ceremony will broadcast live on select iHeartMedia Radio Stations nationwide, throug
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4 - iHeartMedia, Inc. (0001400891) (Issuer)
iHeartMedia, Inc. (NASDAQ:IHRT) today reported financial results for the quarter ended September 30, 2024. Financial Highlights:1 Announced Debt Exchange Transactions and Cost Efficiency Actions Entered into a transaction support agreement with a group of debt holders representing approximately 80% of the Company's outstanding term loan and notes to exchange $4.1 billion of existing debt; extend maturities by three years; keep consolidated annual cash interest essentially flat; and provide debt reduction Announced cost programs expected to generate $150 million of annual cost savings in 2025. In addition, programs enacted earlier this year will generate another $50 million in 2025, fo
iHeartMedia, Inc. (NASDAQ:IHRT) ("iHeartMedia" or the "Company") today announced that it and certain of its subsidiaries (collectively with the Company, the "iHeartMedia Parties") have entered into a Transaction Support Agreement (the "TSA") with certain lenders and holders (or their managers, advisors or sub-advisors) (collectively, the "Initial Supporting Holders") of iHeartCommunications, Inc.'s ("iHeartCommunications") outstanding notes and term loans. The Initial Supporting Holders represent approximately 80% of the aggregate principal amount of the Existing Debt (as defined below), including approximately 77% of the aggregate principal amount of iHeartCommunications' outstanding senio
Transaction marks K1's seventh exit of 2024 and will contribute to over $2.9 billion in enterprise value realized YTD MANHATTAN BEACH, Calif., Oct. 28, 2024 /PRNewswire/ -- K1 Investment Management, LLC ("K1"), one of the largest investors in small-cap enterprise software companies, today announced that its portfolio company Irwin, a leading provider of investor relations (IR) and capital markets software, has entered into a definitive agreement to be acquired by FactSet (NYSE:FDS, NASDAQ:FDS), a global financial digital platform and enterprise solutions provider. The transaction is expected to close in the coming weeks and marks K1's second exit to a publicly traded strategic buyer since th
4 - iHeartMedia, Inc. (0001400891) (Issuer)
4 - iHeartMedia, Inc. (0001400891) (Issuer)
4 - iHeartMedia, Inc. (0001400891) (Issuer)
10-Q - iHeartMedia, Inc. (0001400891) (Filer)
8-K - iHeartMedia, Inc. (0001400891) (Filer)
8-K - iHeartMedia, Inc. (0001400891) (Filer)
BofA Securities upgraded iHeartMedia from Underperform to Neutral and set a new price target of $3.00 from $1.00 previously
BofA Securities downgraded iHeartMedia from Neutral to Underperform and set a new price target of $4.00 from $6.50 previously
Barrington Research downgraded iHeartMedia from Outperform to Mkt Perform
VeeCon will bring the best of business, pop culture and Web3 in a multi-day conference hosted by serial entrepreneur and VeeFriends founder Gary Vaynerchuk (aka Gary Vee) for a third straight year. Here's the latest on the event, including the newly announced speakers added to the star-studded lineup. New Speakers: For VeeCon 2024, the speakers and topics are said to focus on five core themes: business, marketing, technology, innovation and popular culture. Those topics are evident with the latest announced speakers listed below. Adam Richman: TV Host Ali Sabet: Artist Amber Venz Box: Internet Personality, Co-founder LTK Anwar Carrots: Founder Carrots by Anwar Carrots
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