Page 5 - Multiplatform Group News Today

In a Tuesday morning earnings call, iHeartMedia reported better-than-expected results for the first quarter of 2023.

According to The Business Research Company, the projected size of the global TV and radio broadcasting market was set to increase from $374.55 billion in 2021 to $401.25 billion in 2022, representing ...

IHEARTMEDIA saw first quarter 2023 revenue dip 3.8% year-over-year to $811 million, with Consolidated Adjusted EBITDA down from $145 million to $93 million and GAAP Operating Income falling from a gain of $12 million to a loss of $49 million. Free Cash Flow dipped to negative $133 million. The companys earnings release noted that the results were slightly better than its guidance for the quarter. Multiplatform Group (including broadcast radio) revenue fell 7% to $529 million, with Segment ...

IHeartMedia Inc reports its operating results for the first quarter of 2023 and revenue for the period was $811.2 million, a decline of 3.8% over the same period in 2022. After reporting operating income of $12.3 million in Q1 of 2022, the company posts an operating loss of $48.8 million. Also, iHeartMedia’s net loss increased…

IHeartMedia, Inc. (NASDAQ:IHRT – Get Rating) has been assigned an average recommendation of “Hold” from the eight brokerages that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 1 year price objective among analysts […]

IHeartMedia, Inc. (NASDAQ:IHRT – Get Rating) has earned a consensus rating of “Hold” from the eight research firms that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 12-month price objective among brokerages that have […]

IHeartMedia, Inc. (NASDAQ:IHRT – Get Rating)’s share price dropped 5.5% during trading on Wednesday . The company traded as low as $3.63 and last traded at $3.64. Approximately 261,911 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 871,052 shares. The stock had previously closed at $3.85. Analyst […]

IHeartMedia, Inc. (NASDAQ:IHRT – Get Rating) shares traded up 4% on Thursday . The company traded as high as $3.62 and last traded at $3.62. 235,804 shares traded hands during trading, a decline of 73% from the average session volume of 864,627 shares. The stock had previously closed at $3.48. Wall Street Analyst Weigh In […]

IHeartMedia, Inc. (NASDAQ:IHRT – Get Rating) has received a consensus rating of “Hold” from the eight ratings firms that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 12-month price objective among analysts that have […]

Bank of America lowered shares of iHeartMedia (NASDAQ:IHRT – Get Rating) from a neutral rating to an underperform rating in a report published on Tuesday morning, MarketBeat reports. Bank of America currently has $4.00 target price on the stock, down from their previous target price of $6.50. Several other brokerages also recently weighed in on […]