iHeartMedia’s CEO Makes a Bold Move with Massive Stock Purchase

New insider activity at iHeartMedia ( (IHRT) ) has taken place on August 18, 2025.

Chairman & CEO Robert Pittman has made a significant investment in iHeartMedia by purchasing 117,371 shares of the company’s stock. This transaction is valued at $255,868, showcasing Pittman’s confidence in the company’s future prospects.

Recent Updates on IHRT stock

In the latest developments, iHeartMedia reported a slight increase in consolidated revenue for Q2 2025, reaching $934 million, which surpassed consensus estimates of $912.4 million. This performance was driven by a 13% revenue increase in the Digital Audio Group, particularly a 28% rise in podcast revenue, despite a 5% decline in the Multiplatform Group due to decreased broadcast advertising. The company’s adjusted EBITDA grew by 3.9% to $156 million, reflecting effective cost management. Additionally, iHeartMedia announced the appointment of Lisa Coffey as Chief Business Officer to enhance its ad tech platform and digital advertising capabilities. These strategic moves and financial results have led to a positive adjustment in the stock’s price target, as analysts recognize the company’s efforts in digital growth and operational efficiency.

Spark’s Take on IHRT Stock

According to Spark, TipRanks’ AI Analyst, IHRT is a Neutral.

iHeartMedia’s overall stock score reflects significant financial challenges, with high leverage and negative equity impacting financial stability. While technical indicators show bullish momentum, the valuation is unattractive due to ongoing losses. The earnings call provides some optimism with digital growth and cost-saving initiatives, but overall profitability remains a concern.

To see Spark’s full report on IHRT stock, click here.

More about iHeartMedia

YTD Price Performance: 11.39%

Average Trading Volume: 757,552

Technical Sentiment Signal: Buy

Current Market Cap: $312.2M