iHeartMedia, Inc. Reports Results for 2024 Third Quarter
iHeartMedia, Inc. - Class A (IHRT)
NASDAQ:AMEX Investor Relations:
iheartmedia.com/investors/events
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (Nasdaq: IHRT) today reported financial results for the quarter ended September 30, 2024.Financial Highlights:1Announced Debt Exchange Transactions and Cost Efficiency ActionsEntered into a transaction support agreement with a group of debt holders representing approximately 80% of the Company’s outstanding term loan and notes to exchange $4.1 billion of existing debt; extend maturities by three years; keep consolidated annual cash interest essentially flat; and provide debt reductionAnnounced cost programs expected to generate $150 million of annual cost savings in 2025. In addition, programs enacted earlier this year will generate another $50 million in 2025, for a total of $200 million of year over year savings in 2025. Offset by $50 million of cost increases for 2025, for a net benefit of $150 millionQ3 2024 Consolidated ResultsQ3 Revenue of $1,008 million, up 5.8%; within guidance of up mid-single digitsExcluding Q3 Political Reven
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News
- iHeartRadio Canada Adds 51 Stations From Pattison Media [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- iHeartMedia, Inc. (NASDAQ: IHRT) had its price target raised by analysts at Guggenheim from $3.00 to $5.00. They now have a "buy" rating on the stock.MarketBeat
- iHeartMedia Announces Exchange Offers and Consent Solicitations for Existing Notes and Term Loans [Yahoo! Finance]Yahoo! Finance
- iHeartMedia Announces Exchange Offers and Consent Solicitations for Existing Notes and Term LoansBusiness Wire
- iHeartMedia Celebrates the Holiday Season with Annual Holiday Music Flip Across Broadcast Stations Nationwide and the Return of the "iHeartRadio Holiday Special" [Yahoo! Finance]Yahoo! Finance
IHRT
Sec Filings
- 11/18/24 - Form 8-K
- 11/15/24 - Form 4
- 11/7/24 - Form 10-Q
- IHRT's page on the SEC website