
iheart Investor Relations and Company Performance is a crucial aspect of the company's overall strategy. iheart's parent company, iheartMedia, has a market capitalization of over $10 billion.
Effective investor relations can make a significant difference in a company's stock performance. A study found that companies with strong investor relations have a 22% higher stock price return compared to those without.
iheart's investor relations team is responsible for communicating with investors and analysts to provide them with accurate and timely information about the company's financial performance. This includes quarterly earnings releases and conference calls.
By providing transparent and consistent communication, iheart's investor relations team helps to build trust with investors and analysts, which can lead to increased investor confidence and a more stable stock price.
Financial Data
iHeartMedia, Inc. has reported significant revenue growth in the Multiplatform Group, with sales increasing from $2.49B in 2021 to $2.6B in 2022.
The company's Audio segment also experienced a notable decline in sales from $3.45B in 2019 to $2.68B in 2020.
Here is a breakdown of iHeartMedia's sales by segment:
Note that the company's Digital Audio Group has seen steady growth, with sales increasing from $834M in 2021 to $1.07B in 2023.
Sales by Activity:
Sales by Activity can be a complex topic, but let's break it down. iHeartMedia, Inc. reported significant revenue in the Audio category for 2019, with $3.45 billion in sales.
The company's sales have fluctuated over the years, with a notable decrease in 2020 to $2.68 billion. This decrease was likely due to various market and economic factors.
In 2021, the sales data for the Audio category is missing, but we can see a steady increase in the Digital Audio Group category. This group reported $834 million in sales for 2021, up from $1.02 billion in 2022.
The Audio & Media Services Group also showed a steady increase, with $304 million in sales for 2022, up from $248 million in 2021. These figures suggest a growing focus on digital media.
Here's a summary of the sales by activity for iHeartMedia, Inc.:
Latest SEC Filings
The Latest SEC Filings reveal a flurry of activity in the past few months.
The company filed three Current Reports in December 2024, on December 23, December 4, and November 18.
On November 7, 2024, the company filed a Quarterly Report, as well as two more Current Reports.
The Quarterly Report for August 8, 2024, was also filed on the same date as a Current Report.
Here is a list of the SEC filings from the past year:
Company Management
iHeartMedia's management team is led by CEO Bob Pittman, who has been in the role since April 2013. He's been with the company for a long time.
The President of the company is Richard Bressler, who took on the role back in December 2006. He's been with the company for over 16 years.
Here's a brief overview of the company's management team:
Michael McGuinness serves as the Investor Relations Contact, but we don't have information on how long he's been in the role.
Sources
- https://www.alphaspread.com/security/nasdaq/ihrt/investor-relations
- https://www.marketscreener.com/quote/stock/IHEARTMEDIA-INC-64307492/company/
- https://stockanalysis.com/stocks/ihrt/company/
- https://www.iheart.com/podcast/269-investment-management-oper-115973010/
- https://www.iheart.com/podcast/269-inside-lightspeed-90567734/
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