iHeartMedia Inc. Class A (IHRT) is a leading media corporation headquartered in San Antonio, Texas. It's notable for being one of the largest global media and entertainment conglomerates within its sector, providing a range of multi-platform audio and entertainment services.
Established in 1972 as Clear Channel Communications, the company rebranded as iHeartMedia Inc. in 2014, aligning itself with its popular digital radio platform, iHeartRadio. Today, iHeartMedia holds dominance in the US radio broadcasting sphere, operating more than 850 terrestrial radio stations in the United States, making it the number one audio company in America.
iHeartMedia's holdings span different facets of the media industry. Its products and services include outdoor advertising (billboards, street furniture, and transit displays), live event production, and radio programming and broadcasting. IHRT is, without a doubt, a multi-faceted entity in the media world with a deep reach into all corners of the media industry.
In addition to its terrestrial radio stations, iHeartMedia's digital arm, iHeartRadio, has made immense strides in the digital arena. The platform allows users to listen to thousands of live radio stations nationwide or create their own custom stations, and it has more than 128 million registered users. iHeartRadio’s growing popularity is a testament to IHRT’s successful transition into the digital age.
Furthermore, iHeartMedia works within the realm of podcasting. They work to create, distribute, and even monetize an expansive array of on-demand entertainment. As of today, their portfolio includes over 250,000 podcasts, with unique originals such as "Stuff You Should Know" and "The Ron Burgundy Podcast".
iHeartMedia Inc. demonstrated impressive financial resilience after emerging from bankruptcy in 2019. The company restructured around $10 billion in debt, providing it with an opportunity to reinvent and pivot towards a more digital-centric model.
Despite challenges from digital competitors like Spotify and Pandora, iHeartMedia’s wide array of assets, strong brand recognition, and deep affiliation with popular artists and events still makes it a significant player in the world of media and entertainment.
Investors regard iHeartMedia as an iconic media brand that has shown notable adaptability in the rapidly evolving media landscape. With this dynamism, iHeartMedia Class A (IHRT) is committed to its mission of "giving everyone a voice" and connecting individuals to the music, personalities, and events that mean the most to them.
Overall, iHeartMedia is more than just a radio company. It's a diverse media conglomerate that has successfully broadened its horizons, extending its reach from traditional terrestrial radio to digital audio, podcasting, and live events.
Income statement
Balance sheet statement
Cash flow statement
Current assets / Current liabilities
Equity / Debt / Cash
Dividends
Bank of New York Mellon Corp has acquired a new stake in iHeartMedia, Inc. (NASDAQ:IHRT) by purchasing 379,515 shares valued at approximately $1.63 million, representing about 0.25% of the company. Despite this acquisition, analyst sentiment for iHeartMedia remains negative with a "Sell" consensus rating and an average price target of $4.25, while the stock trades near its 52-week low. Other institutional investors like Vanguard Group Inc., Charles Schwab Investment Management Inc., and Deutsche Bank AG have also recently adjusted their positions in the company.
iHeartMedia and DonorsChoose announced the four teacher winners of the 2026 iHeartRadio Thank a Teacher campaign, who each received a $5,000 DonorsChoose gift card for classroom resources. This initiative highlights the critical role educators play despite facing limited resources, with teachers often spending their own money on supplies. The campaign received over 9,000 nominations, demonstrating strong community support for U.S. public school teachers.