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iHeartMedia Inc. (NASDAQ:IHRT) Chairman and CEO Robert W. Pittman acquired 117,371 shares of Class A Common Stock on August 14, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The purchase comes as the media company, currently valued at $318 million, has seen its stock surge 38% in the past week. The shares were purchased at a weighted average price of $2.1894, for a total value of $256,972.
The prices paid for the shares ranged from $2.13 to $2.27. Following the transaction, Pittman directly owns 4,558,760 shares of iHeartMedia. Additionally, he indirectly owns 21,732 shares through Pittman CC, LLC.
In other recent news, iHeartMedia Inc. announced its second-quarter results for 2025, reporting a slight revenue increase of 0.5% year-over-year. The company achieved actual revenues of $933.65 million, surpassing the forecasted $912.35 million. However, iHeartMedia did not meet the earnings per share (EPS) forecast, as the actual EPS was lower than expected. The stock experienced a minor decline in after-hours trading following the earnings release. Despite the revenue growth, the failure to meet EPS expectations might have influenced investor reactions. The company’s financial performance continues to draw attention from analysts and investors alike. These developments highlight the ongoing challenges and achievements within iHeartMedia’s financial landscape.
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