Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries iHeartMedia (NASDAQ:IHRT) Beats Q3 Sales Targets By: StockStory November 07, 2024 at 08:45 AM EST Global media and entertainment company iHeartMedia (NASDAQ:IHRT) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 5.8% year on year to $1.01 billion. Its GAAP profit of $0.27 per share was 3,283% above analysts’ consensus estimates. Is now the time to buy iHeartMedia? Find out by accessing our full research report, it’s free. iHeartMedia (IHRT) Q3 CY2024 Highlights:Revenue: $1.01 billion vs analyst estimates of $1 billion (in line)EPS: $0.27 vs analyst estimates of $0.01 ($0.26 beat) EBITDA: $204.6 million vs analyst estimates of $214.2 million (4.5% miss) EBITDA guidance for the full year is $750 million at the midpoint, below analyst estimates of $779.9 millionGross Margin (GAAP): 59.4%, in line with the same quarter last yearOperating Margin: 7.6%, in line with the same quarter last yearEBITDA Margin: 20.3%, down from 21.4% in the same quarter last yearFree Cash Flow Margin: 7.3%, similar to the same quarter last yearMarket Capitalization: $275 millionCompany OverviewOccasionally featuring celebrity hosts like Ryan Seacrest on its shows, iHeartMedia (NASDAQ:IHRT) is a leading multimedia company renowned for its extensive network of radio stations, digital platforms, and live events across the globe. BroadcastingBroadcasting companies have been facing secular headwinds in the form of consumers abandoning traditional television and radio in favor of streaming services. As a result, many broadcasting companies have evolved by forming distribution agreements with major streaming platforms so they can get in on part of the action, but will these subscription revenues be as high quality and high margin as their legacy revenues? Only time will tell which of these broadcasters will survive the sea changes of technological advancement and fragmenting consumer attention. Sales GrowthReviewing a company’s long-term performance can reveal insights into its business quality. Any business can have short-term success, but a top-tier one sustains growth for years. iHeartMedia’s demand was weak over the last five years as its sales were flat, a poor baseline for our analysis. Long-term growth is the most important, but within consumer discretionary, product cycles are short and revenue can be hit-driven due to rapidly changing trends and consumer preferences. Just like its five-year trend, iHeartMedia’s revenue over the last two years was flat, suggesting it is in a slump. iHeartMedia also breaks out the revenue for its three most important segments: Multiplatform, Digital Audio, and Services, which are 61.5%, 29.9%, and 8.9% of revenue. Over the last two years, iHeartMedia’s Multiplatform revenue (broadcasting, networks, events) averaged 4.4% year-on-year declines, but its Digital Audio (podcasting) and Services (media representation) revenues averaged 7.2% and 6.7% growth. This quarter, iHeartMedia grew its revenue by 5.8% year on year, and its $1.01 billion of revenue was in line with Wall Street’s estimates. Looking ahead, sell-side analysts expect revenue to grow 3.6% over the next 12 months, an improvement versus the last two years. While this projection shows the market thinks its newer products and services will fuel better performance, it is still below average for the sector. Today’s young investors won’t have read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.Cash Is KingIf you’ve followed StockStory for a while, you know we emphasize free cash flow. Why, you ask? We believe that in the end, cash is king, and you can’t use accounting profits to pay the bills. iHeartMedia has shown poor cash profitability over the last two years, giving the company limited opportunities to return capital to shareholders. Its free cash flow margin averaged 3.6%, lousy for a consumer discretionary business. iHeartMedia’s free cash flow clocked in at $73.35 million in Q3, equivalent to a 7.3% margin. This cash profitability was in line with the comparable period last year and above its two-year average. Key Takeaways from iHeartMedia’s Q3 Results We were impressed by how significantly iHeartMedia blew past analysts’ EPS expectations this quarter. We were also happy its revenue narrowly outperformed Wall Street’s estimates. On the other hand, its EBITDA forecast for next quarter was underwhelming and its EBITDA guidance for the full year fell short of Wall Street’s estimates. Overall, this was a mixed quarter. The stock traded up 2.3% to $1.78 immediately following the results. So do we think iHeartMedia is an attractive buy at the current price? The latest quarter does matter, but not nearly as much as longer-term fundamentals and valuation, when deciding if the stock is a buy. We cover that in our actionable full research report which you can read here, it’s free. Stock Quote API & Stock News API supplied by www.cloudquote.io Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
iHeartMedia (NASDAQ:IHRT) Beats Q3 Sales Targets By: StockStory November 07, 2024 at 08:45 AM EST Global media and entertainment company iHeartMedia (NASDAQ:IHRT) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 5.8% year on year to $1.01 billion. Its GAAP profit of $0.27 per share was 3,283% above analysts’ consensus estimates. Is now the time to buy iHeartMedia? Find out by accessing our full research report, it’s free. iHeartMedia (IHRT) Q3 CY2024 Highlights:Revenue: $1.01 billion vs analyst estimates of $1 billion (in line)EPS: $0.27 vs analyst estimates of $0.01 ($0.26 beat) EBITDA: $204.6 million vs analyst estimates of $214.2 million (4.5% miss) EBITDA guidance for the full year is $750 million at the midpoint, below analyst estimates of $779.9 millionGross Margin (GAAP): 59.4%, in line with the same quarter last yearOperating Margin: 7.6%, in line with the same quarter last yearEBITDA Margin: 20.3%, down from 21.4% in the same quarter last yearFree Cash Flow Margin: 7.3%, similar to the same quarter last yearMarket Capitalization: $275 millionCompany OverviewOccasionally featuring celebrity hosts like Ryan Seacrest on its shows, iHeartMedia (NASDAQ:IHRT) is a leading multimedia company renowned for its extensive network of radio stations, digital platforms, and live events across the globe. BroadcastingBroadcasting companies have been facing secular headwinds in the form of consumers abandoning traditional television and radio in favor of streaming services. As a result, many broadcasting companies have evolved by forming distribution agreements with major streaming platforms so they can get in on part of the action, but will these subscription revenues be as high quality and high margin as their legacy revenues? Only time will tell which of these broadcasters will survive the sea changes of technological advancement and fragmenting consumer attention. Sales GrowthReviewing a company’s long-term performance can reveal insights into its business quality. Any business can have short-term success, but a top-tier one sustains growth for years. iHeartMedia’s demand was weak over the last five years as its sales were flat, a poor baseline for our analysis. Long-term growth is the most important, but within consumer discretionary, product cycles are short and revenue can be hit-driven due to rapidly changing trends and consumer preferences. Just like its five-year trend, iHeartMedia’s revenue over the last two years was flat, suggesting it is in a slump. iHeartMedia also breaks out the revenue for its three most important segments: Multiplatform, Digital Audio, and Services, which are 61.5%, 29.9%, and 8.9% of revenue. Over the last two years, iHeartMedia’s Multiplatform revenue (broadcasting, networks, events) averaged 4.4% year-on-year declines, but its Digital Audio (podcasting) and Services (media representation) revenues averaged 7.2% and 6.7% growth. This quarter, iHeartMedia grew its revenue by 5.8% year on year, and its $1.01 billion of revenue was in line with Wall Street’s estimates. Looking ahead, sell-side analysts expect revenue to grow 3.6% over the next 12 months, an improvement versus the last two years. While this projection shows the market thinks its newer products and services will fuel better performance, it is still below average for the sector. Today’s young investors won’t have read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.Cash Is KingIf you’ve followed StockStory for a while, you know we emphasize free cash flow. Why, you ask? We believe that in the end, cash is king, and you can’t use accounting profits to pay the bills. iHeartMedia has shown poor cash profitability over the last two years, giving the company limited opportunities to return capital to shareholders. Its free cash flow margin averaged 3.6%, lousy for a consumer discretionary business. iHeartMedia’s free cash flow clocked in at $73.35 million in Q3, equivalent to a 7.3% margin. This cash profitability was in line with the comparable period last year and above its two-year average. Key Takeaways from iHeartMedia’s Q3 Results We were impressed by how significantly iHeartMedia blew past analysts’ EPS expectations this quarter. We were also happy its revenue narrowly outperformed Wall Street’s estimates. On the other hand, its EBITDA forecast for next quarter was underwhelming and its EBITDA guidance for the full year fell short of Wall Street’s estimates. Overall, this was a mixed quarter. The stock traded up 2.3% to $1.78 immediately following the results. So do we think iHeartMedia is an attractive buy at the current price? The latest quarter does matter, but not nearly as much as longer-term fundamentals and valuation, when deciding if the stock is a buy. We cover that in our actionable full research report which you can read here, it’s free.
Global media and entertainment company iHeartMedia (NASDAQ:IHRT) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 5.8% year on year to $1.01 billion. Its GAAP profit of $0.27 per share was 3,283% above analysts’ consensus estimates. Is now the time to buy iHeartMedia? Find out by accessing our full research report, it’s free. iHeartMedia (IHRT) Q3 CY2024 Highlights:Revenue: $1.01 billion vs analyst estimates of $1 billion (in line)EPS: $0.27 vs analyst estimates of $0.01 ($0.26 beat) EBITDA: $204.6 million vs analyst estimates of $214.2 million (4.5% miss) EBITDA guidance for the full year is $750 million at the midpoint, below analyst estimates of $779.9 millionGross Margin (GAAP): 59.4%, in line with the same quarter last yearOperating Margin: 7.6%, in line with the same quarter last yearEBITDA Margin: 20.3%, down from 21.4% in the same quarter last yearFree Cash Flow Margin: 7.3%, similar to the same quarter last yearMarket Capitalization: $275 millionCompany OverviewOccasionally featuring celebrity hosts like Ryan Seacrest on its shows, iHeartMedia (NASDAQ:IHRT) is a leading multimedia company renowned for its extensive network of radio stations, digital platforms, and live events across the globe. BroadcastingBroadcasting companies have been facing secular headwinds in the form of consumers abandoning traditional television and radio in favor of streaming services. As a result, many broadcasting companies have evolved by forming distribution agreements with major streaming platforms so they can get in on part of the action, but will these subscription revenues be as high quality and high margin as their legacy revenues? Only time will tell which of these broadcasters will survive the sea changes of technological advancement and fragmenting consumer attention. Sales GrowthReviewing a company’s long-term performance can reveal insights into its business quality. Any business can have short-term success, but a top-tier one sustains growth for years. iHeartMedia’s demand was weak over the last five years as its sales were flat, a poor baseline for our analysis. Long-term growth is the most important, but within consumer discretionary, product cycles are short and revenue can be hit-driven due to rapidly changing trends and consumer preferences. Just like its five-year trend, iHeartMedia’s revenue over the last two years was flat, suggesting it is in a slump. iHeartMedia also breaks out the revenue for its three most important segments: Multiplatform, Digital Audio, and Services, which are 61.5%, 29.9%, and 8.9% of revenue. Over the last two years, iHeartMedia’s Multiplatform revenue (broadcasting, networks, events) averaged 4.4% year-on-year declines, but its Digital Audio (podcasting) and Services (media representation) revenues averaged 7.2% and 6.7% growth. This quarter, iHeartMedia grew its revenue by 5.8% year on year, and its $1.01 billion of revenue was in line with Wall Street’s estimates. Looking ahead, sell-side analysts expect revenue to grow 3.6% over the next 12 months, an improvement versus the last two years. While this projection shows the market thinks its newer products and services will fuel better performance, it is still below average for the sector. Today’s young investors won’t have read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.Cash Is KingIf you’ve followed StockStory for a while, you know we emphasize free cash flow. Why, you ask? We believe that in the end, cash is king, and you can’t use accounting profits to pay the bills. iHeartMedia has shown poor cash profitability over the last two years, giving the company limited opportunities to return capital to shareholders. Its free cash flow margin averaged 3.6%, lousy for a consumer discretionary business. iHeartMedia’s free cash flow clocked in at $73.35 million in Q3, equivalent to a 7.3% margin. This cash profitability was in line with the comparable period last year and above its two-year average. Key Takeaways from iHeartMedia’s Q3 Results We were impressed by how significantly iHeartMedia blew past analysts’ EPS expectations this quarter. We were also happy its revenue narrowly outperformed Wall Street’s estimates. On the other hand, its EBITDA forecast for next quarter was underwhelming and its EBITDA guidance for the full year fell short of Wall Street’s estimates. Overall, this was a mixed quarter. The stock traded up 2.3% to $1.78 immediately following the results. So do we think iHeartMedia is an attractive buy at the current price? The latest quarter does matter, but not nearly as much as longer-term fundamentals and valuation, when deciding if the stock is a buy. We cover that in our actionable full research report which you can read here, it’s free.