iHeartMedia CFO Richard Bressler purchases $178,820 in stock

Richard J. Bressler, the President, Chief Financial Officer, and Chief Operating Officer of iHeartMedia, Inc. (NASDAQ:IHRT), recently acquired 100,000 shares of the company’s Class A common stock. The shares were purchased on March 7, 2025, at a weighted average price of $1.7882 per share, amounting to a total transaction value of $178,820. According to InvestingPro data, this purchase comes as the stock has shown significant momentum, gaining over 14% in the past week, though the company’s shares remain undervalued based on Fair Value analysis.

The purchase was executed in multiple transactions, with prices ranging from $1.7249 to $1.8471 per share. Following this transaction, Bressler’s direct ownership in iHeartMedia stands at 3,617,764 shares.

This acquisition reflects Bressler’s ongoing involvement and investment in the company, as iHeartMedia continues to navigate the evolving media landscape.

In other recent news, iHeartMedia reported a 4.8% increase in consolidated revenues for Q4 2024, totaling $1.12 billion, which was below the projected $1.17 billion. The company’s adjusted EBITDA rose by 18.2%, highlighting operational efficiency, while digital audio and podcast revenues showed significant growth. Despite these positive financial metrics, the company’s future guidance predicts flat revenue growth for 2025, which has raised investor caution. Additionally, iHeartMedia announced the resignation of Executive Vice President and Chief Legal Officer Jordan R. Fasbender, effective April 2025, as she transitions to a new role outside the company. The company is actively searching for her successor to ensure a seamless transition. Meanwhile, iHeartMedia’s market position remains strong, particularly in podcasting, where it continues to lead as the top U.S. publisher. Analysts from firms like Goldman Sachs have shown interest in the company’s strategic focus on innovation and market adaptation. These developments come amid a dynamic media environment and evolving consumer preferences.

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