STOCKS TELEGRAPH

Tag: NASD:IHRT

  • Pre-Market Optimism Drives iHeartMedia (IHRT) Shares Higher

    Pre-Market Optimism Drives iHeartMedia (IHRT) Shares Higher

    iHeartMedia, Inc. (NASDAQ: IHRT) had a sharp increase in the value of its shares during the most recent pre-market trading session, rising 11.45% to $2.53. As investors await the company’s earnings report, which is expected to be released next week, there is a surge in optimism.

    Looking Ahead to Financial Outcomes

    iHeartMedia is in plans of releasing its financial figures for the fourth quarter and the entire year ended December 31, 2024 on Thursday, February 27, 2025. The media giant will also have a conference call to discuss its financial performance and offer insights into its strategic perspective.

    Strategic Collaboration with the Appropriate Media

    In a noteworthy development on the operational front, iHeartMedia has recently established an exclusive relationship with Exactly Right Media (ERM), further solidifying its position in the podcasting sector. Sales, marketing, and distribution duties for the audio production company’s premium podcast portfolio have been handed to IHRT by Georgia Hardstark and Karen Kilgariff, co-founders of the highly regarded podcast My Favorite Murder.

    Exactly Right Media’s flagship projects, such as My Favorite Murder, Buried Bones, Ghosted! by Roz Hernandez, This Podcast Will Kill You, and a number of other titles, will be distributed by iHeartMedia under the terms of this arrangement. The collaboration marks a strategic move to further expand ERM’s audience reach and revenue potential.

    Expanding Content and Audience Engagement

    Beyond marketing and distribution, the partnership extends to co-producing new content. iHeartMedia and Exactly Right Media plan to develop and launch additional podcast series, leveraging ERM’s cutting-edge production capabilities, which have been enhanced with the opening of its new audio and video studio in May 2024.

    Exactly Right Media hopes to reach a wider audience and expand its content offerings by partnering with IHRT. This partnership, which has a successful track record, is positioned to increase both businesses’ visibility and impact in the dynamic podcast sector.

    Bullish Market Performance and Investment Opportunity

    IHRT is demonstrating a Bullish performance trend in the Communication Services sector, positioning itself as an attractive investment prospect. Investors seeking comparable opportunities can explore our ST screener link, which provides a comprehensive list of peer stocks with similar market performances to facilitate informed investment decisions.

  • iHeartMedia (IHRT) Continued The Rally After-Hours

    iHeartMedia (IHRT) Continued The Rally After-Hours

    iHeartMedia, Inc. (NASDAQ: IHRT) shares displayed a sustained upward trend during Tuesday’s regular trading session, extending the positive momentum into the subsequent after-market session. The stock of iHeartMedia experienced a notable increase of 4.62%, reaching a trading value of $2.72 in the extended session.

    This followed the regular trading hours’ conclusion, during which IHRT stock had appreciated by 1.17%, settling at $2.60. The surge in IHRT stock value was instigated by a recently established strategic partnership.

    iHeartMedia (IHRT) has recently entered into an exclusive agreement for platform distribution and advertising sales with Global Player, the United Kingdom’s largest Radio and Outdoor media company. IHRT stands as the preeminent audio company in the United States. Within the terms of this exclusive collaboration, Global and iHeartMedia will mutually license, distribute, and represent each other’s highly-regarded podcast portfolios.

    In the United Kingdom, iHeartPodcasts, recognized as the global leader in podcast publishing by Podtrac, will be accessible on Global Player and through DAX, the foremost digital advertising exchange owned by Global Player. iHeartPodcasts is set to contribute millions of downloads to both Global Player and the DAX network.

    iHeartPodcasts, a platform renowned for its diverse array of over 800 podcasts covering topics ranging from business, sports, spirituality, and technology to entertainment, family, comedy, and true crime, will now feature prominently on Global Player. Notable podcasts include ‘On Purpose with Jay Shetty,’ a popular health and wellness show hosted by the former British monk turned author and motivational speaker.

    The podcast explores themes related to mindfulness and mental health, featuring illustrious guests such as Drew Barrymore, Trevor Noah, and Selena Gomez. In the United States, Global Player’s distinguished podcasts will be accessible on the iHeartRadio App and will be monetized by iHeartMedia’s leading audio sales force.

    Global Player boasts an impressive collection of owned and original podcasts, featuring chart-topping titles such as ‘The News Agents’ and its American counterpart ‘The News Agents USA.’ Additionally, the award-winning ‘My Therapist Ghosted Me,’ a captivating podcast hosted by Vogue Williams and Joanne McNally, is part of the lineup.