Why is iHeartMedia's stock soaring despite mixed earnings results? The headline numbers don't tell the whole story.
IHeartMedia (IHRT) came out with a quarterly loss of $0.16 per share versus the Zacks Consensus Estimate of $0.02. This compares to loss of $0.06 per share a year ago.
IHeart Media is slashing hundreds of jobs as the debt-ridden radio and podcast giant has been crushed by music streaming, The Post has learned.
IHeartMedia (IHRT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
iHeartMedia, Inc. benefits from political ad spending and interest rate cuts, generating positive cash flows to repay debt despite debt concerns. The company forecasts 2024 political ad revenue to rise 20%, boosting overall revenue growth and adjusted EBITDA performance. Podcast business growth is crucial, with the potential to reach $200-$300 million in quarterly sales, but needs double-digit growth to achieve targets.
Investors need to pay close attention to iHeartMedia (IHRT) stock based on the movements in the options market lately.
iHeartMedia, Inc. (IHRT) Q2 2024 Earnings Call Transcript
IHeartMedia (IHRT) came out with a quarterly loss of $0.23 per share versus the Zacks Consensus Estimate of a loss of $0.31. This compares to loss of $5.93 per share a year ago.