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IHEARTMEDIA, INC.

(IHRT)
  Report
Delayed Nasdaq  -  04:00 2022-12-02 pm EST
7.800 USD   +1.56%
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IHeartMedia : Presents “iHeartRadio LIVE with Carrie Underwood”

09/16/2022 | 11:30am EST
iHeartMedia Presents "iHeartRadio LIVE with Carrie Underwood"

Exclusive Performance to Premiere in VR<_o3a_p>

WHAT: iHeartMedia presents "iHeartRadio LIVE with Carrie Underwood" in celebration of her new album Denim & Rhinestones. Fans with a Meta Quest 2 headset can view the performance in Meta Horizon Worlds and on iHeartRadio Facebook and Instagram on Thursday, September 29, 2022, at 9 p.m. ET. The lead single from Denim & Rhinestones, "Ghost Story," is currently in the Top 10 at country radio and has garnered over 133 million global streams. As part of a new partnership with iHeartRadio and Meta, this concert is the first of more shows to be announced this fall.<_o3a_p>

WHO: Carrie Underwood is a true multi-format, multi-media superstar, spanning achievements in music, television, film, and as a New York Times bestselling author and successful entrepreneur. She has sold more than 66 million records worldwide, recorded 28 #1 singles (14 of which she co-wrote), and has seven albums that are certified Platinum or Multi-Platinum by the RIAA, all while continuing to sell out arena tours across North America and the UK. All 10 of her albums (including nine studio albums and her 2014 Greatest Hits: Decade #1) - three of which she co-produced - have debuted in the Top 10 on the Billboard Top 200 chart for all genres, beginning with her first album, Some Hearts, which was released in 2005. She has won over 100 major awards including 8 GRAMMY® Awards, 16 ACM Awards including three for Entertainer of the Year (the first female in history to win twice and the only female ever to win three times), 25 CMT Music Awards (holding the record for the most award wins ever for the show), 7 CMA Awards, and 17 American Music Awards. She has also built a successful business portfolio inspired by her passion for health and wellness. She founded and created the fitness and lifestyle brand, CALIA by Carrie Underwood, and her first book, FIND YOUR PATH was an instant New York Times bestseller. She launched her fitness app, fit52, in 2020, and expanded her lifestyle portfolio with an equity partnership with BODYARMOR Sports Drink in 2021. She was the first artist to perform at the new Resorts World Theatre, where her ongoing REFLECTION: The Las Vegas Residency, began with sold-out runs in December 2021 and throughout Spring 2022, and will continue in 2023. Her new album, Denim & Rhinestones, which she co-produced with David Garcia, is out now, and the first single from the album, "Ghost Story" is currently climbing the charts and has garnered over 133 million global streams. Carrie's 43-city U.S. arena tour, THE DENIM & RHINESTONES TOUR, kicks off October 15 with dates throughout Fall 2022 and Spring 2023.

WHEN: Thursday, September 29, 2022, at 9 p.m. ET

WHERE: Fans with a Meta Quest 2 headset can view the VR performance in Meta Horizon Worlds and on iHeartRadio's Facebook and Instagram.

QUOTES: "I'm thrilled to be partnering with iHeartRadio to celebrate my album Denim & Rhinestones and bring these new songs to my fans in VR with Meta Horizon Worlds," said Carrie Underwood. "This is one of my favorite albums to perform live, and it's so fun to bring this new music to life in such an exciting way."<_o3a_p>

"This new partnership is a continuation of our commitment at iHeartMedia to connect artists to their fans on the most exciting new entertainment platforms," said John Sykes, President of Entertainment Enterprises. "We are excited to be able to kick this off with a performance from Carrie Underwood. More to come on this new partnership with Meta." <_o3a_p>

About iHeartMedia, Inc.

iHeartMedia (NASDAQ: IHRT) is the number one audio company in the United States, reaching nine out of 10 Americans every month. It consists of three business groups.

With its quarter of a billion monthly listeners, the iHeartMedia Multiplatform Group has a greater reach than any other media company in the U.S. Its leadership position in audio extends across multiple platforms, including more than 860 live broadcast stations in over 160 markets nationwide; its National Sales organization; and the company's live and virtual events business. It also includes Premiere Networks, the industry's largest Networks business, with its Total Traffic and Weather Network (TTWN); and BIN: Black Information Network, the first and only 24/7 national and local all news audio service for the Black community. iHeartMedia also leads the audio industry in analytics, targeting and attribution for its marketing partners with its SmartAudio suite of data targeting and attribution products using data from its massive consumer base.

The iHeartMedia Digital Audio Group includes the company's fast-growing podcasting business -- iHeartMedia is the number one podcast publisher in downloads, unique listeners, revenue and earnings -- as well as its industry-leading iHeartRadio digital service, available across more than 250 platforms and 2,000 devices; the company's digital sites, newsletters, digital services and programs; its digital advertising technology companies; and its audio industry-leading social media footprint.

The company's Audio & Media Services reportable segment includes Katz Media Group, the nation's largest media representation company, and RCS, the world's leading provider of broadcast and webcast software.

Visit iHeartMedia.com for more company information.

Disclaimer

iHeartMedia Inc. published this content on 16 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 September 2022 15:29:03 UTC.


ę Publicnow 2022
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Analyst Recommendations on IHEARTMEDIA, INC.
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Financials (USD)
Sales 2022 3 895 M - -
Net income 2022 -279 M - -
Net Debt 2022 5 272 M - -
P/E ratio 2022 -4,09x
Yield 2022 -
Capitalization 1 134 M 1 134 M -
EV / Sales 2022 1,64x
EV / Sales 2023 1,61x
Nbr of Employees 9 990
Free-Float 82,3%
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Technical analysis trends IHEARTMEDIA, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 8
Last Close Price 7,80 $
Average target price 11,91 $
Spread / Average Target 52,6%
EPS Revisions
Managers and Directors
Robert W. Pittman Chairman & Chief Executive Officer
Richard J. Bressler President, Chief Operating Officer, CFO & Director
Stephen F. Mills Global Chief Information Officer
James A. Rasulo Lead Independent Director
Bradley Thomas Gerstner Independent Director
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