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Iheartmedia, Inc. - Company Profile

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Iheartmedia, Inc. - Overview

Brands
Black information network, iHeartRadio, Katz Media Group, RCS, SmartAudio, Total Traffic and Weather Network
Description
Iheartmedia is a public company headquartered in Texas with an estimated 10,175 employees. In the US, the company has a notable market share in at least three industries: Media Representative Firms, Media Streaming, Social Networks and Other Content Providers, Internet Radio Broadcasting and Media Representative Firms. Their largest market share is in the Internet Radio Broadcasting industry, where they account for an estimated 21.7% of total industry revenue and are considered an All Star because they display stronger market share, profit and revenue growth compared to their peers.
Company Details

Registered Name: Iheartmedia, Inc.

Company Type: Operating

Exchange: Nasdaq

Headquarters: 20880 Stone Oak Pkwy San Antonio TX 78258

Website: https://www.iheartmedia.com/

Employees: 10175

Iheartmedia, Inc. - Operating Industries and Main Competitors

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Iheartmedia, Inc. - Products and Services

  • Media Representative Firms in the US

  • Of the 5 core revenue-generating products and services in the Media Representative Firms in the US industry, Iheartmedia, Inc. offers:
    • Advertising time on AM/FM radio
    • Other services
  • Internet Radio Broadcasting in the US

  • Of the 3 core revenue-generating products and services in the Internet Radio Broadcasting in the US industry, Iheartmedia, Inc. offers:
    • Online-online station advertising
    • Subscriptions
    • Terrestrial radio station online advertising
error_outline To view Iheartmedia, Inc.'s full products and services, see purchase options.

Iheartmedia, Inc. - Analyst Insights

Macroeconomic turndown hampers advertising revenue

A primary source of revenue for iHeartMedia is the sale of advertising on the company’s radio stations and national, local and virtual events. The organization notes that periods of economic uncertainty and slowing economic activity often translate into a decline in advertising revenue on account of lower consumer and business spending. Accordingly, revenue, profit margin, cash flow and liquidity all suffered as demand for advertising suffered tremendously amid a reduction in corporate ad budgets amid the COVID-19 (coronavirus) pandemic. Total company revenue declined 20.0% to $2.9 billion in 2020.

COVID|Competition|Structural|M&A


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

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Iheartmedia, Inc. - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on Iheartmedia, Inc.'s performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Media Streaming, Social Networks and Other Content Providers in the US, Media Representative Firms in the US, and Internet Radio Broadcasting in the US industries.
Strengths
Days Receivables: x.x%
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Rank: 2 of 3 peers
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Annual Turnover: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
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Threats
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Iheartmedia, Inc. - Financial Statements & Ratios

pie_chartIheartmedia, Inc. Income Statement

BALANCE DATE12/31/202312/31/202212/31/202112/31/202012/31/2018
Revenue3,751.03,912.33,558.32,948.23,611.3
Cost of Revenue00000000000000000000
Cost of Revenue, Non-Cash00000000000000000000
Gross Profit00000000000000000000
AAAAAA AAAAAA00000000000000000000

pie_chartIheartmedia, Inc. Balance Sheet

BALANCE DATE12/31/202312/31/202212/31/202112/31/202012/31/2018
Cash and Equivalents346.4336.2352.1720.7224.0
Short-Term Investments00000000000000000000
Derivative Assets, Current00000000000000000000
Restricted Cash and Investments00000000000000000000
AAAAAA AAAAAA00000000000000000000

pie_chartIheartmedia, Inc. Cash Flow

BALANCE DATE12/31/202312/31/202212/31/202112/31/202012/31/2018
Net IncomeN/AN/A-158.4-1,915.2-202.6
Income (Loss) From Discontinued Operations00000000000000000000
Depreciation, Depletion and Amortization00000000000000000000
Amortization of Financing Costs and Discounts00000000000000000000
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