iHeartMedia, Inc. - Class A Common Stock (IHRT) Stock Analysis — Latest Investor Quotes & Trade Calls

iHeart Media Benefits from Netflix Competition

"So this is a weird one. Okay. So it's I ticker IHRT um shares up as much as 30% and this is the reason why okay so Netflix and talks to licensed video podcasts that are distributed by iHeart Media. So basically it's putting it in competition with YouTube and that's the reason why the stock is soaring. Um because uh Netflix had a similar thing with Spotify where they were kind of doing the same thing. Um but now there's this apparently sources are saying that Netflix is going to try and do it with iHeart."

The speaker outlines a positive development for iHeart Media (IHRT), noting that its shares have surged up to 30% as Netflix appears set to compete more directly in the licensed video podcast space, echoing a similar dynamic observed with Spotify.

iHeart Media Sees Dramatic Move with Netflix Podcast Licensing Talks

"I heard media is having a massive day. This isn't a stock I usually cover in this segment, but it's worth hitting. IHRT is your ticker, higher by almost 10% this morning. It was higher by even more earlier in the session. This is a stock that's about $3 and change. So again, grain of salt there, but they are in talks with Netflix to license video podcast from their platform. So really taking Netflix's move into the podcasting arena more seriously because it's moving iHeart Media shares in a very very big way."

iHeart Media's shares surged by nearly 10% on news of licensing talks with Netflix for video podcast content, reflecting strong market enthusiasm and strategic positioning.