IHRT - iHeartMedia Inc Stock Price, Fair Value and News

2.17USD-0.10 (-4.41%)Market Closed

Market Summary

USD2.17-0.10

Market Closed

-4.41%

IHRT Stock Price

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IHRT RSI Chart

IHRT Valuation

Market Cap

342.2M

Price/Earnings (Trailing)

-0.31

Price/Sales (Trailing)

0.09

EV/EBITDA

7.89

Price/Free Cashflow

3.1

IHRT Price/Sales (Trailing)

IHRT Profitability

EBT Margin

-4.00%

Return on Equity

286.59%

Return on Assets

-15.86%

Free Cashflow Yield

32.26%

IHRT Fundamentals

IHRT Revenue

Revenue (TTM)

3.8B

Rev. Growth (Yr)

-5.25%

Rev. Growth (Qtr)

11.94%

IHRT Earnings

Earnings (TTM)

-1.1B

Earnings Growth (Yr)

-83.57%

Earnings Growth (Qtr)

244.96%

Breaking Down IHRT Revenue

52 Week Range

2.134.74

(Low)(High)

Last 7 days

8.6%

Last 30 days

11.2%

Last 90 days

-5.4%

Trailing 12 Months

-25.2%

How does IHRT drawdown profile look like?

IHRT Financial Health

Current Ratio

1.78

Debt/Equity

-13.55

Debt/Cashflow

0.04

IHRT Investor Care

Shares Dilution (1Y)

1.82%

Diluted EPS (TTM)

-7.4

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	3.9B	3.8B	3.8B	3.8B
2022	3.7B	3.8B	3.8B	3.9B
2021	2.9B	3.2B	3.4B	3.6B
2020	0	0	0	2.9B
2019	0	0	0	0
2018	6.2B	6.2B	6.3B	6.3B
2017	6.2B	6.2B	6.2B	6.2B
2016	6.3B	6.3B	6.3B	6.3B
2015	6.3B	6.3B	6.2B	6.2B
2014	6.2B	6.3B	6.3B	6.3B
2013	6.2B	6.2B	6.2B	6.2B
2012	6.2B	6.2B	6.2B	6.2B
2011	5.9B	6.0B	6.1B	6.2B
2010	0	5.7B	5.8B	5.9B
2009	0	0	0	5.6B

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of iHeartMedia Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Feb 25, 2024	pittman robert w	acquired	-	-	350,000	chairman and ceo
Feb 25, 2024	mcguinness michael b	acquired	-	-	87,500	evp-finance & deputy cfo
Feb 25, 2024	hamilton scott d	acquired	-	-	2,500	see remarks
Feb 25, 2024	fasbender jordan	acquired	-	-	75,000	see remarks
Feb 25, 2024	bressler richard j	acquired	-	-	350,000	see remarks
Feb 17, 2024	fasbender jordan	sold (taxes)	-2,021	2.65	-763	see remarks
Nov 14, 2023	pittman robert w	bought	205,950	2.0595	100,000	chairman and ceo
Aug 14, 2023	fasbender jordan	sold (taxes)	-6,248	3.32	-1,882	see remarks
Aug 11, 2023	pittman robert w	bought	201,066	3.4382	58,480	chairman and ceo
Jul 10, 2023	fasbender jordan	sold (taxes)	-9,370	4.2	-2,231	see remarks

Which funds bought or sold IHRT recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 06, 2024	Quantbot Technologies LP	sold off	-100	-139,433	-	-%
May 06, 2024	Parallel Advisors, LLC	sold off	-100	-494	-	-%
May 03, 2024	Glassman Wealth Services	sold off	-100	-710	-	-%
May 03, 2024	HUNTINGTON NATIONAL BANK	unchanged	-	-1.00	2.00	-%
May 03, 2024	VICTORY CAPITAL MANAGEMENT INC	reduced	-2.79	-9,830	31,296	-%
May 03, 2024	GSA CAPITAL PARTNERS LLP	reduced	-40.12	-744,000	657,000	0.05%
May 03, 2024	SIGNATUREFD, LLC	reduced	-25.42	-1,136	1,595	-%
May 02, 2024	NISA INVESTMENT ADVISORS, LLC	added	4.92	-564	2,587	-%
May 02, 2024	WHITTIER TRUST CO	unchanged	-	-23,732	83,663	-%
May 01, 2024	CONCOURSE FINANCIAL GROUP SECURITIES, INC.	sold off	-	-	-	-%

Are Funds Buying or Selling IHRT?

Are funds buying IHRT calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own IHRT

No. of Funds

Unveiling iHeartMedia Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	pacific investment management co llc	19.99%	25,170,510	SC 13G/A
Feb 13, 2024	vanguard group inc	5.17%	6,376,979	SC 13G/A
Jan 26, 2024	blackrock inc.	6.7%	8,291,404	SC 13G/A
Jan 09, 2024	douglas lane & associates, llc	6.30%	7,759,971	SC 13G
Feb 14, 2023	pacific investment management co llc	19.99%	24,760,762	SC 13G/A
Feb 13, 2023	oak hill advisors lp	6.83%	8,641,530	SC 13G
Feb 09, 2023	vanguard group inc	9.02%	10,982,981	SC 13G/A
Feb 03, 2023	blackrock inc.	7.0%	8,565,276	SC 13G/A
May 09, 2022	global media & entertainment investments ltd	14.99%	18,140,000	SC 13D/A
May 02, 2022	global media & entertainment investments ltd	5989%	15,242,573	SC 13D/A

Recent SEC filings of iHeartMedia Inc

View All Filings

Date Filed	Form Type	Document
Apr 25, 2024	DEFA14A	DEFA14A
Apr 25, 2024	DEF 14A	DEF 14A
Apr 15, 2024	PRE 14A	PRE 14A
Feb 29, 2024	8-K	Current Report
Feb 29, 2024	10-K	Annual Report
Feb 27, 2024	4	Insider Trading
Feb 27, 2024	4	Insider Trading
Feb 27, 2024	4	Insider Trading
Feb 27, 2024	4	Insider Trading
Feb 27, 2024	4	Insider Trading

Peers (Alternatives to iHeartMedia Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MID-CAP
NYT	7.6B	2.4B	7.11%	15.86%	32.78	3.14	5.10%	33.63%
TGNA	2.6B	2.9B	3.17%	-9.23%	5.41	0.89	-11.23%	-24.39%
SMALL-CAP
GTN	629.8M	3.3B	12.06%	-	20.99	0.19	-9.51%	-91.71%
GCI	473.6M	2.6B	37.18%	62.94%	-3.85	0.18	-8.23%	-89.98%
CMLS	47.3M	838.9M	-9.68%	6.46%	-0.43	0.06	-9.52%	-2455.26%
BBGI	21.8M	247.1M	-2.67%	-30.48%	-0.29	0.09	-3.62%	-78.30%
EDUC	16.8M	57.0M	-20.99%	12.50%	69.62	0.29	-40.68%	192.35%

iHeartMedia Inc News

Latest updates

iHeartMedia Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q2	2019Q1
Revenue	11.9%	1,066,783,000	952,989,000	920,014,000	811,239,000	1,125,890,000	988,930,000	954,005,000	843,458,000	1,062,019,000	928,051,000	861,605,000	706,665,000	935,530,000	744,406,000	487,648,000	780,634,000	3,381,217,000	5,981,800,000	8,582,383,000	11,182,966,000	795,797,000
S&GA Expenses	18.4%	465,969,000	393,628,000	393,773,000	402,801,000	429,653,000	399,892,000	379,057,000	384,344,000	414,299,000	390,086,000	372,640,000	342,330,000	327,156,000	333,095,000	293,362,000	391,801,000	350,324,000	327,115,000	220,231,000	491,449,000	324,934,000
EBITDA Margin	0.1%	0.18	0.18	0.17	0.17	0.16	0.17	0.17	0.18	0.18	-0.38	-0.41	-0.47	-0.45	-0.21	-0.20	-0.17	1.62	1.60	1.62	1.65	0.16
Interest Expenses	-18.6%	88,471,000	108,734,000	93,723,000	101,759,000	92,483,000	89,907,000	83,899,000	76,104,000	80,588,000	79,219,000	85,461,000	82,833,000	86,205,000	85,599,000	84,001,000	101,363,000	104,543,000	78,833,000	430,000	137,042,000	103,897,000
Income Taxes	-254.4%	-32,825,000	-9,261,000	-96,357,000	76,105,000	9,734,000	13,412,000	1,782,000	-20,209,000	-68,846,000	-27,147,000	24,449,000	79,935,000	25,858,000	-15,228,000	-43,742,000	-150,511,000	-12,670,000	16,758,000	16,003,000	39,095,000	-61,194,000
Earnings Before Taxes	-	-	-	-	-	-	-	-	-	109,600,000	-	-	-	28,801,000	-47,340,000	-241,059,000	-1,839,247,000	49,462,000	29,132,000	54,796,000	9,519,085,000	-27,241,000
EBT Margin	-1.6%	-0.04	-0.04	-0.04	-0.04	-0.04	-0.04	-0.04	-0.04	-0.04	-0.61	-0.65	-0.73	-0.71	-0.33	-0.32	-0.27	1.53	1.51	1.54	1.55	0.07
Net Income	245.0%	13,123,000	-9,053,000	-884,470,000	-222,260,000	79,881,000	-310,363,000	14,401,000	-48,582,000	111,630,000	3,180,000	-32,286,000	-241,723,000	3,466,000	-32,112,000	-197,317,000	-1,688,736,000	61,381,000	12,374,000	38,793,000	11,184,141,000	-114,383,000
Net Income Margin	-8.1%	-0.29	-0.27	-0.35	-0.11	-0.07	-0.06	0.02	0.01	-0.04	-0.08	-0.09	-0.16	-0.65	-0.29	-0.29	-0.25	1.79	1.76	1.79	1.79	0.02
Free Cashflow	109.7%	141,890,000	67,651,000	33,999,000	-133,148,000	164,974,000	62,753,000	106,148,000	-74,769,000	51,943,000	45,462,000	-2,982,000	52,778,000	53,102,000	14,275,000	-6,513,000	69,876,000	175,675,000	151,471,000	65,766,000	-76,383,000	66,034,000

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q2	2019Q1
Assets	1.1%	6,953	6,878	6,984	8,035	8,336	8,330	8,701	8,627	8,881	8,811	9,064	9,051	9,203	9,122	8,906	9,312	11,021	10,935	10,998	10,710	14,286
Current Assets	11.7%	1,507	1,349	1,336	1,271	1,473	1,409	1,372	1,316	1,473	1,356	1,511	1,366	1,619	1,497	1,210	1,525	1,416	1,271	1,114	932	2,090
Cash Equivalents	62.3%	346	213	165	188	336	296	295	280	353	370	584	530	721	725	529	658	412	288	139	63.00	470
Goodwill	0.0%	1,721	1,721	1,721	2,313	2,313	2,313	2,313	2,313	2,314	2,314	2,313	168	2,146	2,109	2,102	2,101	3,326	3,326	3,323	3,323	4,118
Current Liabilities	14.2%	848	743	731	657	832	740	758	688	849	782	1,019	733	718	660	593	646	667	637	726	480	1,440
Long Term Debt	-0.3%	5,215	5,228	5,316	5,395	5,414	5,553	5,627	5,739	5,738	5,737	5,721	5,976	5,982	5,987	5,807	5,924	5,757	5,755	5,757	5,757	5,293
LT Debt, Current	-12.8%	0.00	0.00	0.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	278	29.00	35.00	34.00	30.00	30.00	9.00	54.00	53.00	53.00	47.00
LT Debt, Non Current	-0.3%	5,215	5,228	5,316	5,395	5,414	5,553	5,627	5,739	5,738	5,737	5,721	5,976	5,982	5,987	5,807	5,924	5,757	5,755	5,757	5,757	5,293
Shareholder's Equity	-Infinity%	-384	-	-	472	685	593	893	872	916	798	789	814	1,051	1,040	1,066	1,259	2,945	2,847	2,820	2,779	-
Retained Earnings	0.4%	-3,330	-3,343	-3,334	-2,449	-2,227	-2,307	-1,997	-2,011	-1,962	-2,074	-2,077	-2,045	-1,803	-1,807	-1,774	-1,577	113	51.00	39.00	-	-13,330
Additional Paid-In Capital	0.3%	2,947	2,939	2,932	2,923	2,913	2,902	2,891	2,883	2,877	2,870	2,864	2,855	2,849	2,841	2,835	2,831	2,827	2,790	2,773	-	2,075
Shares Outstanding	0.7%	151	150	149	148	148	148	148	148	147	147	147	146	146	146	146	146	146	146	145	86.00	86.00
Minority Interest	6.0%	9.00	9.00	10.00	9.00	10.00	9.00	9.00	8.00	8.00	8.00	8.00	8.00	8.00	9.00	9.00	9.00	9.00	8.00	8.00	9.00	11.00
Float	-	-	-	290	-	-	-	626	-	-	-	2,600	-	-	-	506	-	-	-	855	-	-

Cashflow (Last 12 Months)

(In Thousands)

Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q2	2019Q1
Cashflow From Operations	60.2%	154,104	96,169	56,772	-93,983	213,376	103,110	155,801	-52,212	133,980	95,736	29,129	71,728	79,784	33,252	11,369	91,540	205,363	180,341	83,201	-40,186	88,987
Share Based Compensation	0.4%	7,765	7,734	8,947	10,152	10,875	10,437	8,610	5,535	5,962	5,993	5,903	5,685	8,133	5,886	4,240	4,257	6,226	17,112	3,039	498	392
Cashflow From Investing	-158.9%	-11,343	19,269	-20,839	-38,421	-46,419	-33,150	-29,967	-19,690	-86,892	-41,635	31,061	-249,324	-76,641	-20,491	-18,881	-31,800	-29,463	-26,028	-17,787	-261,144	-52,411
Cashflow From Financing	84.8%	-10,201	-67,082	-58,937	-15,938	-126,451	-68,946	-110,250	-461	-64,006	-268,236	-6,071	-13,811	-7,457	183,125	-121,771	187,283	-52,938	-4,411	-684	-55,557	1,996

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IHRT Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Revenue	$ 3,751,025	$ 3,912,283	$ 3,558,340
Operating expenses:
Direct operating expenses (excludes depreciation and amortization)	1,494,234	1,480,326	1,324,657
Selling, general and administrative expenses (excludes depreciation and amortization)	1,656,171	1,592,946	1,519,355
Depreciation and amortization	428,483	445,664	469,417
Impairment charges	965,087	311,489	57,734
Other operating expense, net	4,361	24,998	32,320
Operating income (loss)	(797,311)	56,860	154,857
Interest expense, net	389,775	341,674	332,384
Gain (loss) on investments, net	(28,130)	(1,045)	43,643
Equity in loss of nonconsolidated affiliates	(3,530)	(11)	(1,138)
Gain (loss) on extinguishment of debt	56,724	30,214	(11,600)
Other expense, net	(655)	(2,295)	(3,376)
Loss before income taxes	(1,162,677)	(257,951)	(149,998)
Income tax benefit (expense)	62,338	(4,719)	(8,391)
Net loss	(1,100,339)	(262,670)	(158,389)
Less amount attributable to noncontrolling interest	2,321	1,993	810
Net loss attributable to the Company	(1,102,660)	(264,663)	(159,199)
Other comprehensive income (loss) net of tax:
Foreign currency translation adjustments	203	(1,074)	(451)
Other Comprehensive income (loss)	203	(1,074)	(451)
Comprehensive loss	(1,102,457)	(265,737)	(159,650)
Less amount attributable to noncontrolling interest	0	0	0
Comprehensive loss attributable to the Company	$ (1,102,457)	$ (265,737)	$ (159,650)
Net loss attributable to the Company per common share:
Basic (in dollars per share)	$ (7.39)	$ (1.79)	$ (1.09)
Weighted average common shares outstanding - Basic (in shares)	149,255	148,058	146,726
Diluted (in dollars per share)	$ (7.39)	$ (1.79)	$ (1.09)
Weighted average common shares outstanding - Diluted (in shares)	149,255	148,058	146,726

IHRT Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
CURRENT ASSETS
Cash and cash equivalents	$ 346,382	$ 336,236
Accounts receivable, net of allowance of $38,055 in 2023 and $29,171 in 2022	1,041,214	1,037,827
Prepaid expenses	93,131	79,098
Other current assets	26,189	19,618
Total Current Assets	1,506,916	1,472,779
PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment, net	558,865	694,842
INTANGIBLE ASSETS AND GOODWILL
Indefinite-lived intangibles - licenses	1,113,979	1,476,319
Other intangibles, net	1,173,210	1,419,670
Goodwill	1,721,483	2,313,403
OTHER ASSETS
Operating lease right-of-use assets	704,992	788,280
Other assets	173,166	170,594
Total Assets	6,952,611	8,335,887
CURRENT LIABILITIES
Accounts payable	236,162	240,454
Current operating lease liabilities	73,832	70,024
Accrued expenses	317,575	325,427
Accrued interest	61,987	64,165
Deferred revenue	158,540	131,084
Current portion of long-term debt	340	664
Total Current Liabilities	848,436	831,818
Long-term debt	5,214,810	5,413,503
Noncurrent operating lease liabilities	762,820	848,918
Deferred income taxes	339,768	483,810
Other long-term liabilities	171,535	73,332
Commitments and contingent liabilities (Note 7)
STOCKHOLDERS’ EQUITY (DEFICIT)
Noncontrolling interest	9,397	9,609
Preferred stock, par value $.001 per share, 100,000,000 shares authorized, no shares issued and outstanding	0	0
Additional paid-in capital	2,947,096	2,912,500
Accumulated deficit	(3,330,142)	(2,227,482)
Accumulated other comprehensive loss	(1,128)	(1,331)
Cost of shares (983,589 in 2023 and 597,482 in 2022) held in treasury	(10,127)	(8,934)
Total Stockholders' Equity (Deficit)	(384,758)	684,506
Total Liabilities and Stockholders' Equity (Deficit)	6,952,611	8,335,887
Common Class A
STOCKHOLDERS’ EQUITY (DEFICIT)
Common Stock	125	123
Common Class B
STOCKHOLDERS’ EQUITY (DEFICIT)
Common Stock	21	21
Special Warrants
STOCKHOLDERS’ EQUITY (DEFICIT)
Common Stock	$ 0	$ 0

About iHeartMedia Inc

iHeartMedia, Inc. operates as a media and entertainment company worldwide. The company operates through three segments: Multiplatform Group, Digital Audio Group, and Audio & Media Services Group. The Multiplatform Group segment offers broadcast radio stations, sponsorship, and live and virtual events; and operates Premiere Networks, a national radio network that produces, distributes, or represents syndicated radio programs and services to radio station affiliates. It also delivers real-time traffic flow and incident information, and weather updates, sports, and news. The Digital Audio Group segment provides podcasting, digital sites, newsletters, digital services, and programs; and iHeartRadio, a mobile app and web-based service for radio stations, digital-only stations, custom artist stations, and podcasts. The Audio and Media Services Group segment engages in the media representation business. This segment also provides RCS, a cloud and on-premises broadcast software, such as radio and television automation, music scheduling, newsroom automation, advertising sales management, disaster recovery solutions; and real-time audio recognition technology to radio and television stations, cable channels, record labels, advertisers, and agencies, as well as media streaming and research services. The company was formerly known as CC Media Holdings, Inc. and changed its name to iHeartMedia, Inc. in September 2014. iHeartMedia, Inc. is headquartered in San Antonio, Texas.

CEO	Mr. Robert W. Pittman
WEBSITE	iheartmedia.com
INDUSTRY	Media
EMPLOYEES	9350

iHeartMedia Inc Frequently Asked Questions

What is the ticker symbol for iHeartMedia Inc? What does IHRT stand for in stocks?

IHRT is the stock ticker symbol of iHeartMedia Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of iHeartMedia Inc (IHRT)?

As of Tue May 07 2024, market cap of iHeartMedia Inc is 342.2 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of IHRT stock?

You can check IHRT's fair value in chart for subscribers.

What is the fair value of IHRT stock?

You can check IHRT's fair value in chart for subscribers. The fair value of iHeartMedia Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of iHeartMedia Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for IHRT so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is iHeartMedia Inc a good stock to buy?

The fair value guage provides a quick view whether IHRT is over valued or under valued. Whether iHeartMedia Inc is cheap or expensive depends on the assumptions which impact iHeartMedia Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for IHRT.

What is iHeartMedia Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue May 07 2024, IHRT's PE ratio (Price to Earnings) is -0.31 and Price to Sales (PS) ratio is 0.09. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. IHRT PE ratio will change depending on the future growth rate expectations of investors.