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Iheartmedia Inc   (IHRT)
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Price: $2.0700 $-0.05 -2.358%
Day's High: $2.2 Week Perf: -5.48 %
Day's Low: $ 2.05 30 Day Perf: -17.86 %
Volume (M): 1,397 52 Wk High: $ 4.74
Volume (M$): $ 2,892 52 Wk Avg: $3.08
Open: $2.10 52 Wk Low: $1.78



 Market Capitalization (Millions $) 309
 Shares Outstanding (Millions) 149
 Employees 18,800
 Revenues (TTM) (Millions $) 3,751
 Net Income (TTM) (Millions $) -1,100
 Cash Flow (TTM) (Millions $) 10
 Capital Exp. (TTM) (Millions $) 119

Iheartmedia Inc
IHeartMedia Inc., formerly known as Clear Channel Communications, is an American media conglomerate that mainly deals with radio broadcasting and outdoor advertising. It is one of the biggest radio station groups in the United States and owns 848 broadcast radio stations in more than 150 markets. The company is headquartered in San Antonio, Texas, and has operations in major cities all over the nation, including New York, Los Angeles, Chicago, and Miami.

The company's radio stations feature programming in various formats such as Alternative, Country, R&B, Hip Hop, and Rock, among others. IHeartMedia offers broadcasts primarily in English, but it also has some Spanish-language programming throughout its stations in the US. Apart from radio broadcasting, the company also operates Clear Channel Outdoor, which is one of the largest outdoor advertising companies in the world, with over 450,000 displays across 31 countries.

IHeartMedia was founded in 1972 by Lowry Mays and Red McCombs as a small radio station group in San Antonio, Texas. The company grew rapidly throughout the 1990s, acquiring numerous stations and becoming one of the largest players in the radio industry. However, the company struggled with a substantial debt load after the 2008 financial crisis, leading to its eventual bankruptcy in 2018.

After emerging from bankruptcy, the company was rebranded as IHeartMedia to focus more on its online and digital capabilities. The company has since shifted its focus to developing streaming and podcasting services to compete with other digital media giants such as Spotify and Pandora. IHeartMedia has also established several partnerships and collaborations with other media companies and artists to expand its reach and bring new content to its listeners.

In summary, IHeartMedia Inc. is a leading media company that has a dominant presence in the US radio broadcasting market. Its extensive coverage and diverse programming options appeal to a broad audience across the country. The company has evolved over the years to stay relevant and adapt to changing times, and it continues to invest in new technologies and partnerships to maintain its position as a top player in the media industry.


   Company Address: 20880 Stone Oak Parkway San Antonio, 78258 TX
   Company Phone Number: 822-2828   Stock Exchange / Ticker: NASDAQ IHRT
   


   

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Iheartmedia Inc

Iheartmedia Inc: Positioned for Growth and Success in the Broadcasting Media & Cable TV Industry

Despite the recent decrease in revenue and profitability for Iheartmedia Inc, there are several positive indicators that suggest the company is on the right track for growth and success in the future.
Firstly, the top-line growth in the Broadcasting Media & Cable TV industry in the fourth quarter of 2023 shows that there is overall potential for growth in the sector. This growth could potentially benefit Iheartmedia Inc as well, especially if they are able to capitalize on emerging opportunities within the industry.
Additionally, the increase in accounts receivable is a positive signal for rising demand for the company's products or services. This could indicate that there is increasing interest in what Iheartmedia Inc has to offer, which could lead to higher revenue and profitability in the future.

Iheartmedia Inc

Iheartmedia Inc Bears a $9.26 Million Tax Charge Amidst Fiscal Challenges

Iheartmedia Inc., commonly known as iHeartMedia, is a media and entertainment company primarily operating in the Broadcasting Media & Cable TV sector. It has recently faced various challenges, including diminishing returns and vanishing revenues. However, in the fiscal time-frame ending on September 30, 2023, iHeartMedia managed to cut its diminishing returns despite the decline in revenue.
According to the financial report, iHeartMedia's revenue fell by -3.634% to $952.99 million in the third quarter of 2023 compared to the previous reporting period. The company also experienced a deficit per share depreciation, reaching $-0.06 as opposed to $-2.09 EPS seen in the same period the year before. While these figures may indicate a decline in performance, it is important to note that the Broadcasting Media & Cable TV sector as a whole posted revenue growth during this period.

Iheartmedia Inc

Iheartmedia Inc Hit with Major Revenue Drop, Suffers Substantial Losses in Q2 2023



In the April to June 30, 2023 period, Iheartmedia Inc registered disappointing financial results, with lower revenues leading to substantial losses. Revenue plummeted by -3.563% to $920.01 million, dragging down the company's performance. Comparatively, the Broadcasting Media & Cable TV industry posted a modest revenue gain of 0.81% during the same period, further highlighting the poor performance of Iheartmedia Inc. This article will delve into the recent financial numbers, shedding light on the company's struggles and highlighting the bearish outlook for the stock.
Revenue Struggles and Surging Losses:
Iheartmedia Inc's second-quarter results were alarming, with revenue declining by 3.563% to $920.01 million compared to the same period last year. This significant decrease in revenue resulted in a shortfall per share of $-5.93, noticeably worse than the $0.10 per share realized in the second quarter a year ago. The company's inability to generate revenue growth is concerning, especially when the industry as a whole experienced a marginal increase in revenue during the corresponding period.

Iheartmedia Inc

Slight -3.82 %, revenue slide at the company in the first quarter of 2023 earnings season

Iheartmedia Inc, formerly known as Clear Channel Communications, is a leading media and entertainment company based in San Antonio, Texas. The company operates over 850 radio stations across the United States, making it the largest radio broadcaster in the country. Additionally, the company has a strong presence in outdoor advertising and live events, making it a key player in the world of media.
However, recent financial data has not been favorable for the company. As reported in the first quarter of 2023 earnings season, Iheartmedia Inc experienced a significant decline in revenue, with a -3.82% decrease from $842.11 million to $811.24 million. This led to a per-share shortfall of $-1.50, compared to $-0.33 per share in the same quarter the year before. These numbers are particularly concerning when contrasted with the preceding quarter, which saw a -27.947% decline in revenue from $1.13 billion and a decline in earnings per share from $0.54 per share.






 

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