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iHeartMedia Inc Stock Research

IHRT

3.46USD+0.04(+1.17%)Delayedas of 22 Sep 2023, 12:44 pm
Watchlist

Market Summary

USD3.46+0.04
Delayedas of 22 Sep 2023, 12:44 pm
1.17%

IHRT Alerts

  • 1 major insider buys recently.
  • Big fall in earnings (Y/Y)
  • Losses in recent quarter

IHRT Stock Price

IHRT RSI Chart

IHRT Valuation

Market Cap

510.2M

Price/Earnings (Trailing)

-0.38

Price/Sales (Trailing)

0.13

Price/Free Cashflow

3.97

IHRT Price/Sales (Trailing)

IHRT Profitability

Return on Equity

-92.89%

Return on Assets

-5.46%

Free Cashflow Yield

25.2%

IHRT Fundamentals

IHRT Revenue

Revenue (TTM)

3.8B

Revenue Y/Y

-3.56%

Revenue Q/Q

13.41%

IHRT Earnings

Earnings (TTM)

-1.3B

Earnings Y/Y

-6.2K%

Earnings Q/Q

-297.94%

Price Action

52 Week Range

2.219.21
(Low)(High)

Last 7 days

0.3%

Last 30 days

-2.6%

Last 90 days

1.5%

Trailing 12 Months

-64.6%

IHRT Financial Health

Current Ratio

1.94

IHRT Investor Care

Shares Dilution (1Y)

0.76%

Diluted EPS (TTM)

-8.98

Historical Charts for Stock Metrics

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

Latest Insider Trading transactions for IHRT

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-08-14
Fasbender Jordan
sold (taxes)
-6,248
3.32
-1,882
see remarks
2023-08-11
PITTMAN ROBERT W
bought
201,066
3.4382
58,480
chairman and ceo
2023-07-10
Fasbender Jordan
sold (taxes)
-9,370
4.2
-2,231
see remarks
2023-05-18
Rasulo James A
acquired
199,998
1.56571
127,736
-
2023-05-18
SIVARAMAKRISHNAN KAMAKSHI
acquired
-
-
54,744
-
2023-05-18
Hamilton Scott D
acquired
-
-
2,500
see remarks
2023-05-18
BRESSLER RICHARD J
acquired
-
-
1,036,560
see remarks
2023-05-18
Monteagudo Graciela
acquired
-
-
54,744
-
2023-05-18
GERSTNER BRAD
acquired
74,999
0.913333
82,116
-
2023-05-18
MCGUINNESS MICHAEL B
acquired
-
-
181,397
evp-finance & deputy cfo

1–10 of 50

Which funds bought or sold IHRT recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-08-22
VIRGINIA RETIREMENT SYSTEMS ET AL
new
-
49,005
49,005
-%
2023-08-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-14.49
-115,334
455,790
-%
2023-08-21
OSAIC HOLDINGS, INC.
added
45.7
1,610
6,055
-%
2023-08-16
Nuveen Asset Management, LLC
reduced
-61.15
-1,621,700
922,303
-%
2023-08-15
ALLIANCEBERNSTEIN L.P.
unchanged
-
-235,350
3,294,900
-%
2023-08-15
GOLDMAN SACHS GROUP INC
added
41.21
1,861,480
7,716,060
-%
2023-08-15
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO
added
22.34
6,000
48,000
-%
2023-08-15
WELLS FARGO & COMPANY/MN
added
858
730,906
822,848
-%
2023-08-14
Gotham Asset Management, LLC
reduced
-15.34
-9,758
36,753
-%
2023-08-14
Voya Investment Management LLC
reduced
-7.87
-25,205
154,733
-%

1–10 of 45

Latest Funds Activity

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

Schedule 13G FIlings of iHeartMedia

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
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
Apr 15, 2022
global media & entertainment investments ltd
11.08%
13,407,138
SC 13D/A
Apr 12, 2022
global media & entertainment investments ltd
6248%
11,644,385
SC 13D/A
Feb 14, 2022
silver point capital l.p.
4.8%
5,727,724
SC 13G/A
Feb 14, 2022
pacific investment management co llc
19.99%
24,361,331
SC 13G/A

Recent SEC filings of iHeartMedia

View All Filings
Date Filed Form Type Document
Aug 15, 2023
4
Insider Trading
Aug 14, 2023
4
Insider Trading
Aug 08, 2023
8-K
Current Report
Aug 08, 2023
10-Q
Quarterly Report
Jul 11, 2023
4
Insider Trading

IHRT Fair Value

Loading...

Peers (Alternatives to iHeartMedia)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
67.1B
54.5B
8.09% 26.57%
14.01
1.23
2.60% -15.83%
15.8B
9.0B
-3.98% -28.94%
13.65
1.76
0.44% -8.55%
MID-CAP
6.9B
2.4B
-0.99% 44.33%
39.27
2.93
7.76% -7.72%
5.1B
5.3B
-8.37% -22.64%
7.27
0.97
8.13% -23.40%
3.5B
1.7B
-1.28% -35.52%
33.15
2.07
-1.31% -70.36%
3.4B
16.0B
0.32% -60.34%
1.85
0.21
-8.20% -13.13%
SMALL-CAP
1.5B
9.4B
11.55% -54.87%
-384.5
0.16
-6.01% -100.49%
768.6M
3.3B
-23.56% -49.69%
4.47
0.23
-34.89% -93.14%
538.8M
3.0B
9.44% -44.09%
-87.27
0.18
-0.73% -101.96%
510.2M
3.8B
-2.56% -64.63%
-0.38
0.13
1.55% -1758.48%
359.0M
484.6M
3.19% -10.09%
8.5
0.74
10.07% 1.46%
320.4M
1.0B
-2.93% -17.05%
33.68
0.31
23.24% -66.15%
148.2M
465.3M
-5.71% 18.89%
13.04
0.33
4.78% -97.25%
82.0M
900.6M
15.01% -37.12%
-5.84
0.09
-6.07% -126.59%

iHeartMedia News

Marketscreener.com
IHeartMedia : The 2023 iHeartRadio Music Festival Reveals ....
Marketscreener.com,
2 days ago
Marketscreener.com
Marketscreener.com
Simply Wall St
Finbold - Finance in Bold
Radio & Television Business Report
Bressler, Pittman To Pitch iHeart at ‘Communacopia’.
Radio & Television Business Report,
26 days ago

Returns for IHRT

Cumulative Returns on IHRT

-27.2%


3-Year Cumulative Returns

Risks for IHRT

What is the probability of a big loss on IHRT?

87.0%


Probability that iHeartMedia stock will be more than 20% underwater in next one year

67.0%


Probability that iHeartMedia stock will be more than 30% underwater in next one year.

55.2%


Probability that iHeartMedia stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does IHRT drawdown profile look like?

Y-axis is the maximum loss one would have experienced if iHeartMedia was unfortunately bought at previous high price.

Drawdowns

Financials for iHeartMedia

Income Statement (Last 12 Months)
Income Statement (Last 12 Months)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue-0.9%3,846,073,0003,880,064,0003,912,283,0003,848,412,0003,787,533,0003,695,133,0003,558,340,0003,431,851,0003,248,206,0002,874,249,0002,948,218,0004,140,619,8575,333,021,7146,525,423,5717,717,825,4298,910,227,28610,102,629,14310,026,375,2508,757,719,5007,489,063,7506,220,408,000
  S&GA Expenses0.9%1,626,119,0001,611,403,0001,592,946,0001,577,592,0001,567,786,0001,561,369,0001,519,355,0001,432,212,0001,375,221,0001,295,943,0001,345,414,0001,368,582,0001,362,602,0001,289,471,0001,222,604,0001,245,483,0001,247,804,0001,355,773,0001,376,931,0001,508,859,0001,618,219,000
EBITDA-----628,760,000647,479,000647,520,000---1,346,683,000-1,338,748,000-1,308,212,000-1,242,617,000-1,074,297,000630,760,600741,311,400808,691,0001,011,089,000932,432,0001,050,167,0001,151,336,000
EBITDA Margin-----0.170.180.19---0.52-0.35-0.34-0.24-0.170.080.080.080.180.150.170.19
Interest Expenses2.7%377,872,000368,048,000342,393,000330,498,000319,810,000321,372,000328,101,000333,718,000340,098,000338,638,000357,168,000375,506,000368,740,000285,169,000339,796,000334,304,800350,642,400408,431,000722,931,0001,100,569,0001,471,564,000
Earnings Before Taxes--------149,998,000----2,098,845,000-2,078,184,000-2,001,712,000-1,705,857,000106,149,000262,958,000365,973,000420,148,000-24,136,000-387,479,000-766,406,000
EBT Margin------0.04-0.04-0.05---0.81-0.55-0.54-0.39-0.270.000.020.030.06-0.01-0.07-0.14
Net Income-205.1%-1,337,212,000-438,341,000-264,663,000-232,914,00080,629,00033,942,000-159,199,000-267,363,000-302,655,000-467,686,000-1,914,699,000-1,856,784,000-1,812,298,000-1,576,188,000-1,835,000151,689,000209,393,000100,701,000-201,910,0001,927,000-318,641,000
Net Income Margin100.0%--0.11-0.07-0.060.020.01-0.05-0.08-0.10-0.18-0.50-0.48-0.36-0.250.000.020.020.02-0.030.00-0.05
Free Cashflow-100.0%-200,727,000259,106,000146,075,000128,784,00019,654,000147,201,000148,360,000117,173,000113,642,000130,740,000253,313,000390,509,000462,788,000315,218,800495,598,800486,441,600810,688,000881,427,000453,735,000151,024,000
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q22019Q12018Q42018Q3
Assets-13.1%6,9848,0358,3368,3308,7018,6278,8818,8119,0649,0519,2039,1228,9069,31211,02110,93510,99810,71014,2867,90211,959
  Current Assets5.1%1,3361,2711,4731,4091,3721,3161,4731,3561,5111,3661,6191,4971,2101,5251,4161,2711,1149322,0902,2352,079
    Cash Equivalents-12.0%16518833629529528035337058453072172552965841228813963.00470430338
  Goodwill-25.6%1,7212,3132,3132,3132,3132,3132,3142,3142,3131682,1462,1092,1022,1013,3263,3263,3233,3004,1183,4134,044
  Current Liabilities11.3%7316578327407586888497821,0197337186605936466676377264801,4401,2481,144
    LT Debt, Current-16.2%0.001.001.001.001.001.001.001.0027829.0035.0034.0030.0030.009.0054.0053.0053.0047.0046.000.00
    LT Debt, Non Current-1.5%5,3165,3955,4145,5535,6275,7395,7385,7375,7215,9765,9825,9875,8075,9245,7575,7555,7575,7575,293-5,274
Shareholder's Equity-185.5%-4034726855938938729167987898141,0511,0401,0661,2592,9452,8472,8202,779---
  Retained Earnings-36.1%-3,334-2,449-2,227-2,307-1,997-2,011-1,962-2,074-2,077-2,045-1,803-1,807-1,774-1,57711351.0039.00--13,330-13,345-13,560
  Additional Paid-In Capital0.3%2,9322,9232,9132,9022,8912,8832,8772,8702,8642,8552,8492,8412,8352,8312,8272,7902,773-2,0752,0752,074
Shares Outstanding0.5%149148149148148148148147147146146146146146-14614586.0086.00-86.00
Minority Interest12.7%10.009.0010.009.009.008.008.008.008.008.008.009.009.009.009.008.008.009.0011.0031.0017.00
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q22019Q12018Q42018Q3
Cashflow From Operations-26.2%279378420341333207331276214196216342489560414493523672880967730
  Share Based Compensation0.8%40.0040.0035.0031.0026.0023.0024.0026.0026.0024.0023.0021.0032.0031.0022.0017.006.006.007.002.002.00
Cashflow From Investing6.2%-138-147-129-169-178-117-346-336-315-365-147-100-106-105-309-454-478-497-360-345-229
Cashflow From Financing16.0%-270-321-306-243-442-338-352-29515640.002411968.00129-89.28-45.88-148-362-397-491-478

IHRT Income Statement

2023-06-30
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]    
Revenue$ 920,014$ 954,005$ 1,731,253$ 1,797,463
Operating expenses:    
Direct operating expenses (excludes depreciation and amortization)355,061365,382699,681695,906
Selling, general and administrative expenses (excludes depreciation and amortization)393,773379,057796,574763,401
Depreciation and amortization108,065110,788216,577224,839
Impairment charges960,570245964,5171,579
Other operating (income) expense, net(261)15,664(40)16,534
Operating income (loss)(897,194)82,869(946,056)95,204
Interest expense, net98,69381,494194,150160,713
Gain (loss) on investments, net(6,038)9,590(12,543)7,825
Equity in loss of nonconsolidated affiliates(44)(29)(4)(58)
Gain on extinguishment of debt22,9028,20327,5278,203
Other expense, net(272)(2,175)(371)(2,445)
Earnings (Loss) before income taxes(979,339)16,964(1,125,597)(51,984)
Income tax benefit (expense)96,357(1,782)20,25218,427
Net income (loss)(882,982)15,182(1,105,345)(33,557)
Less amount attributable to noncontrolling interest1,4887811,385624
Net income (loss) attributable to the Company(884,470)14,401(1,106,730)(34,181)
Other comprehensive loss, net of tax:    
Foreign currency translation adjustments(77)(650)(123)(897)
Other comprehensive loss, net of tax(77)(650)(123)(897)
Comprehensive income (loss)(884,547)13,751(1,106,853)(35,078)
Less amount attributable to noncontrolling interest0000
Comprehensive income (loss) attributable to the Company$ (884,547)$ 13,751$ (1,106,853)$ (35,078)
Net income (loss) attributable to the Company per common share:    
Basic (in dollars per share)$ (5.93)$ 0.10$ (7.44)$ (0.23)
Weighted average common shares outstanding - Basic (in shares)149,179148,050148,774147,783
Diluted (in dollars per share)$ (5.93)$ 0.10$ (7.44)$ (0.23)
Weighted average common shares outstanding - Diluted (in shares)149,179149,131148,774147,783

IHRT Balance Sheet

2023-06-30
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
CURRENT ASSETS  
Cash and cash equivalents$ 165,325$ 336,236
Accounts receivable, net of allowance of $36,022 in 2023 and $29,171 in 20221,004,8071,037,827
Prepaid expenses127,38079,098
Other current assets38,88019,618
Total Current Assets1,336,3921,472,779
PROPERTY, PLANT AND EQUIPMENT  
Property, plant and equipment, net649,687694,842
INTANGIBLE ASSETS AND GOODWILL  
Indefinite-lived intangibles - licenses and other1,112,7511,476,319
Other intangibles, net1,296,0991,419,670
Goodwill1,721,4102,313,403
OTHER ASSETS  
Operating lease right-of-use assets700,720788,280
Other assets166,751170,594
Total Assets6,983,8108,335,887
CURRENT LIABILITIES  
Accounts payable199,947240,454
Current operating lease liabilities75,74970,024
Accrued expenses232,234325,427
Accrued interest62,34964,165
Deferred revenue160,099131,084
Current portion of long-term debt440664
Total Current Liabilities730,818831,818
Long-term debt5,315,9555,413,503
Noncurrent operating lease liabilities762,787848,918
Deferred income taxes425,454483,810
Other long-term liabilities152,25473,332
Commitments and contingent liabilities (Note 6)
STOCKHOLDERS’ EQUITY (DEFICIT)  
Noncontrolling interest10,3519,609
Preferred stock, par value $.001 per share, 100,000,000 shares authorized, no shares issued and outstanding00
Additional paid-in capital2,931,5982,912,500
Accumulated deficit(3,334,212)(2,227,482)
Accumulated other comprehensive loss(1,454)(1,331)
Cost of shares (916,632 in 2023 and 597,482 in 2022) held in treasury(9,886)(8,934)
Total Stockholders' Equity (Deficit)(403,458)684,506
Total Liabilities and Stockholders' Equity (Deficit)6,983,8108,335,887
Class A Common Stock  
STOCKHOLDERS’ EQUITY (DEFICIT)  
Common stock124123
Class B Common Stock  
STOCKHOLDERS’ EQUITY (DEFICIT)  
Common stock2121
Special Warrants  
STOCKHOLDERS’ EQUITY (DEFICIT)  
Common stock$ 0$ 0

About iHeartMedia

Robert W. Pittman
10800
iHeartMedia, Inc. operates as a media and entertainment company worldwide. It 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 approximately 120 syndicated radio programs and services to approximately 6,400 radio station affiliates. It also delivers real-time traffic flow and incident information, and weather updates, sports, and news through approximately 2,100 radio stations and 170 television affiliates, and Internet and mobile partnerships. As of December 31, 2021, this segment owned 863 radio stations, which included 249 AM and 614 FM radio stations. 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 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 approximately 10,000 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.