Trade iHeartMedia Inc - IHRT CFD

iHeartMedia A Company profile

About iHeartMedia Inc

iHeartMedia, Inc. is an audio media company. The Company operates through two sectors: the music collection sector and the companionship sector. The Company operates through three segments: the Multiplatform Group, the Digital Audio Group and the Audio & Media Services Group. The Multiplatform Group segment provides media and entertainment services through broadcast delivery and also includes the Company’s events and national syndication businesses. The Digital Audio Group segment provides media and entertainment services through digital delivery. The Audio & Media Services Group segment provides other audio and media services, including the Company’s media representation business (Katz Media) and its provider of scheduling and broadcast software (RCS). Its iHeartRadio services are available across more than 250 platforms and over 2,000 devices, including smart speakers, digital auto dashes, tablets, wearables, smartphones, virtual assistants, televisions and gaming consoles.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, iHeartMedia Inc revenues increased 21% to $3.56B. Net loss decreased 92% to $159.2M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Impairment charges decrease of 97% to $57.7M (expense), Gain (loss) on investments increase from $9.3M (expense) to $43.6M (income), Interest expense (income).

Equity composition

Class A Common Stock, $.001 Par, 04/11, 400M auth., 23,623,571 issd,. Class B Common, $.001 Par, 150M auth.,555,556 issd. Class C Common, $.001 Par, 100M auth.,58,967,502 issd. Insiders own 6.24% of Class A Common stock, Bain Capital & Thomas Lee L.P. owns 100% of Class B & Class C Stock.