Earnings Call Insights: iHeartMedia (IHRT) Q1 2026 Management view “In the first quarter, our consolidated revenue was $884 million, up 9.6% compared to the prior year quarter and in line with our guidance of up high single digits,” said (Chairman & CEO Bob Pittman), while noting adjusted EBITDA of $93 million was “slightly below our previously provided guidance of approximately $100 million” due ...
Earnings Call Insights: iHeartMedia (IHRT) Q1 2026 Management view “In the first quarter, our consolidated revenue was $884 million, up 9.6% compared to the prior year quarter and in line with our guidance of up high single digits,” said (Chairman & CEO Bob Pittman), while noting adjusted EBITDA of $93 million was “slightly below our previously provided guidance of approximately $100 million” due mainly to “the timing of the noncash marketing expenses” and “our March advertising revenues coming in a little lower than anticipated.” Pittman announced incremental cost actions and a cash tax shift: “we're announcing a new cost reduction initiative that will generate an additional $50 million of annualized savings, which we will begin realizing in the second half of the year,” and “we expect our cash taxes for 2026 to be effectively eliminated and for the next few years as long as the current tax laws remain in effect.” Pittman highlighted Digital Audio strength, including podcasting: “Our podcast revenue momentum continues and was $147 million for the quarter, up 26.9%,” and he said the company remains “the #1 podcast publisher as measured by both Podtrac and Triton.” (President, COO & Director Rich Bressler) tied the quarter’s ad softness to macro events and reiterated the cash/tax impact: “we saw some softness in March that appeared to correlate with the start of the conflict in the Middle East,” and “we now expect to have minimal cash taxes over the next 3 years… [which] will preserve approximately $150 million to $200 million of cash from 2026 to 2028.” (Chief Financial Officer Michael McGuinness) addressed the cadence of noncash marketing: “we will continue this into Q2… and then we'll taper down through the back half of the year.” Outlook McGuinness guided Q2 adjusted EBITDA of “between $140 million and $160 million,” with consolidated revenue “up low single digits compared to prior year,” and said April was “pacing up low single digits year-over-year.” For Q2 seg...
Japanese industrial electronics maker Hitachi Ltd. is looking to offload about 8% of Hitachi Construction Machinery Co. shares in block trades, according to people familiar with the matter. The amount could be around ¥100 billion ($638 million) based on the market value of the machinery company, one of the people said, asking not to be identified as they were discussing sensitive information. Hita...
Japanese industrial electronics maker Hitachi Ltd. is looking to offload about 8% of Hitachi Construction Machinery Co. shares in block trades, according to people familiar with the matter. The amount could be around ¥100 billion ($638 million) based on the market value of the machinery company, one of the people said, asking not to be identified as they were discussing sensitive information. Hitachi may announce the deal as soon as Tuesday, they said. This comes after Hitachi sold some of its holdings in block trades in November . A 180-day lockup that restricted Hitachi from selling the shares expired last week. Hitachi’s stake would drop to about 10% after the sale. Hitachi and Hitachi Construction Machinery’s representatives were not immediately available to comment. Hitachi Construction Machinery shares dropped as much as 8.7% before paring losses to 4.1% at the close in Tokyo. Hitachi slid 0.4%. Hitachi has been divesting some of its assets to focus on core businesses including IT services and energy, and its exit from loss-making operations was seen as a symbol of corporate Japan’s transformation. Hitachi agreed last month to sell its home appliances business to electronics retailer Nojima Corp. as it continues to streamline operations. Large private transactions known as block trades are gaining traction in Japan as companies seek quicker, more flexible ways to offload holdings. With a push from the Tokyo Stock Exchange and regulators to unwind so-called cross-shareholdings and improve capital efficiency, block trades reached at least ¥1.4 trillion last year — the highest level on record, according to data compiled by Bloomberg going back to 2002. Read more: Investors Reward Hitachi’s Transformation in Example for Japan
koto_feja/iStock via Getty Images Basking in the Limelight Ondas Inc. ( ONDS ) is a mid-cap (market cap of $4.4B) technology company that caters to the defense, security, and industrial markets. This company’s main area of expertise is in the development and commercialization of autonomous and unmanned aerial and ground systems and the provision of private wireless networking technologies for indu...
koto_feja/iStock via Getty Images Basking in the Limelight Ondas Inc. ( ONDS ) is a mid-cap (market cap of $4.4B) technology company that caters to the defense, security, and industrial markets. This company’s main area of expertise is in the development and commercialization of autonomous and unmanned aerial and ground systems and the provision of private wireless networking technologies for industrial applications. ONDs also dabbles in certain strategic investments, partnerships, and advisory agreements to help further the ecosystem development of autonomous systems across the world. Nonetheless, over the past year, it appears that ONDS’s growing capabilities into a multi-domain autonomous platform company have received wider recognition, with the stock market bulls bidding the stock up a great deal. For further context, it’s been well-documented that stocks involved in robotics and autonomous technology have seen a great deal of fanfare with the ROBO Global Robotics and Automation Index ETF ( ROBO ), almost witnessing an expansion of its market cap by two-thirds; however, this performance pales in comparison when you consider that ONDS, which was only trading at less than a dollar a year ago, is now trading at levels closer to double digits (in dollar terms)! YCharts Clearly, FY25 appears to have gone very well for ONDS, but now, we are in FY26, and the stock’s relative buoyancy is likely to be keenly tested by what the company is going to deliver in the first quarter of the current year. The earnings event related to this quarter is due to take place a few days from now (on the 14 th of May before the market opens), so what should investors watch out for, and what do all the other important subplots (valuations, growth potential, technicals, and risks) suggest about how investors should approach the stock now? Exceptional Growth on the Cards - Q1 and Beyond The first thing that the market will likely be looking to see is if this growth company can exceed the alr...
Israeli lawmakers approved a bill on Monday setting up a special tribunal that would try and have the authority to sentence to death Palestinians convicted of taking part in the 2023 Hamas-led attack that triggered the war in Gaza. The measure passed 93-0 in the 120-seat Knesset, or parliament, reflecting widespread support for punishing those found responsible for what was the deadliest attack in...
Israeli lawmakers approved a bill on Monday setting up a special tribunal that would try and have the authority to sentence to death Palestinians convicted of taking part in the 2023 Hamas-led attack that triggered the war in Gaza. The measure passed 93-0 in the 120-seat Knesset, or parliament, reflecting widespread support for punishing those found responsible for what was the deadliest attack in Israel’s history. The remaining 27 lawmakers were absent or abstained from voting. Rights groups...
PM on the brink with Yvette Cooper and Shabana Mahmood believed to be among those urging him to set out a timetable for departure Starmer on the brink as cabinet ministers urge him to quit Good morning. “Stories beat spreadsheets,” Keir Starmer declared in his speech yesterday. But yesterday was a day when the spreadsheets had the upper hand. Most news organisations were using them to keep a track...
PM on the brink with Yvette Cooper and Shabana Mahmood believed to be among those urging him to set out a timetable for departure Starmer on the brink as cabinet ministers urge him to quit Good morning. “Stories beat spreadsheets,” Keir Starmer declared in his speech yesterday. But yesterday was a day when the spreadsheets had the upper hand. Most news organisations were using them to keep a track of Labour MPs who were coming out and calling for Starmer’s resignation and, after his speech in the morning, the numbers started to escalate. Here is the LabourList one ; by the end of last night they were on 77. The sort of names on the spreadsheets changed too. Initially it was mostly leftwingers calling for the PM to go, with the Andy Burnham supporters stressing the need for a timetable for an orderly transition (ie – a slow process, allowing Burnham to win a byelection before a leadership contest). But in the afternoon government loyalists, and some prominent Wes Streeting supporters, started speaking out. And by early evening parliamentary private secretaries (technically, people on the government “payroll”) were joining in too. The Guardian understands that two senior cabinet ministers – Yvette Cooper, the foreign secretary, and Shabana Mahmood, the home secretary – told the prime minister he should oversee an orderly transition of power after crushing election defeats risked ringing the death knell on his premiership. At least two others – believed to be John Healey and David Lammy – discussed with Starmer how they should take a “responsible, dignified, orderly” approach to what might follow. Several others – including Richard Hermer and Steve Reed – were defiant, urging him to fight on. Continue reading...
港股“商业航天第一股”拓璞数控今起招股 2026年5月，港股IPO市场迎来一位特殊选手。 在其基石投资者名单上，出现了RBC、3W、Boyu、HH高瓴、UBS、CDH鼎晖、Cithara、富国、华夏、上海闵行、TT International、Mirae Asset、GSAM高盛等一连串名字，如此多的顶级机构扎堆在一家发行市值和发行规模分别仅为108.01亿港元、17.24亿港元的企业上本身颇不寻常。 更值得玩味的是，RBC（加拿大皇家银行）这家商业顶级资管并不经常出手，但一出手通常是长线持有现象级IPO，而TT International这家老牌英国投资机构更是首次亮相港股基石。 在当下港股新股破发屡见不鲜的背景下，这些以长期主义和敏锐嗅觉著称的机构，集体向一家做五轴数控机床的公司投出信任票，这一现象本身便值得深思。 他们的出现，意味着拓璞数控的故事，远不止“高端制造企业IPO”这么简单。仔细研究会发现，若想真正了解拓璞数控，始终绕不开一家公司——SpaceX。 这不是在蹭热度，而是提出了一个被资本市场长期忽视的重要命题：中国商业航天真正的短板，从来不是设计图纸，而是把火箭当工业品批量造出来的能力。拓璞数控卖的不是机床，是这种能力不可或缺的基础设施。 01 设备永远是先手棋 过去几年，市场对商业航天的叙事一直围绕“首飞”“入轨”“回收”这类工程里程碑展开。 2025年，中国完成92次宇航发射，商业发射50次，占比首次过半；入轨商业卫星311颗，占入轨卫星总数的84%。进入2026年，前一个半月18次航天发射中，商业发射已占11次，占比突破60%，入轨商业卫星127颗，占比更高达91%。很多投资人对这些数字如数家珍。 但关键的问题是：发射数字不断攀升之后，产业链的核心矛盾会发生什么变化？答案可以从SpaceX的发展路径中寻找。 马斯克本人有一段流传很广的原话：“Design is easy. Production is hard. Making one of something is easy, making a large number of something that is reliable and affordable is extremely hard.”这段话的深意在于：SpaceX真正的护城河不是可回收火箭技术本身，而是把航天器当成工业品批量制造的能力...