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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 : World Premieres Singles from Stevie Nicks and Lil Nas X; Celebrates 2022 iHeartRadio Music Festival in Las Vegas

09/26/2022 | 04:31pm EST
iHeartMedia World Premieres Singles from Stevie Nicks and Lil Nas X; Celebrates 2022 iHeartRadio Music Festival in Las Vegas

NEW YORK, N.Y. - Sept. 26 - iHeartMedia celebrated new music recently with World Premiere debuts across iHeartRadio stations from powerhouse artists, including Stevie Nicks' new single "For What It's Worth" on Sept. 22 across all Classic Rock stations. Lil Nas X's song "Star Walkin'" had a World Premiere debut on Sept. 22 across all iHeartRadio CHR and Rhythm CHR stations.

The 2022 iHeartRadio Music Festival took place over the weekend at the T-Mobile Arena in Las Vegas, with Pitbull opening the festival on Friday, Sept. 23. Night one of the epic two-day event saw Pitbull joined by the Black Eyed Peas, Diplo, Lionel Richie, Morgan Wallen, Pat Benatar & Neil Giraldo, Sam Smith and The Black Keys. More performers - including Avril Lavigne, Halsey, LL Cool J, Luke Combs, Marcus Mumford, Maren Morris, Megan Thee Stallion and Sean Diddy Combs - took the stage on Saturday, Sept. 24. Hosted by Ryan Seacrest and a lineup of star-studded presenters, each night the 2022 iHeartRadio Music Festival was broadcast live for fans via iHeartMedia radio stations throughout the country across more than 150 markets.

Additionally, the Daytime Stage at the iHeartRadio Music Festival at AREA15 brought even more fun to fans under the Vegas sun with performances by 5 Seconds of Summer, Maggie Rogers, Avril Lavigne, Big Time Rush, Girl in Red, Lauv, Chlöe, Carly Pearce, Cheat Codes, Willow, Chase Rice, Latto, Ryan Hurd, GAYLE, Lauren Spencer-Smith and JAX. In addition to the incredible live performances, the Daytime Stage also included fan zones and interactive experiences by iHeartRadio's brand partners for fans to enjoy.

Last week, Lauv took the stage on Sept. 22 at iHeartLand's State Farm Park in Fortnite for his second show in the metaverse with iHeartMedia. Lauv performed hits like "I Like Me Better" and "F--k, I'm Lonely" as well as music from his new album All 4 Nothing including the titular track, "Stay Together" and "Stranger." He also spoke with iHeartRadio's JoJo Wright throughout the show about the inspiration behind his new music and how the internet has shaped and influenced his career.

For the latest news, music fans can follow iHeartRadio on Instagram, Twitter, Facebook and YouTube, and visit iHeartRadio.com.

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 26 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 September 2022 20:30:09 UTC.


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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.
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Income Statement Evolution
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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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