We have previously reported the expression of parathyroid hormone‐like hormone (
PTHLH
) in well‐differentiated, Schwannian stroma‐rich neuroblastic tumors. The aim of this study was to functionally assess the role of
PTHLH
and its receptor,
PTH
1R, in neuroblastoma. Stable knockdown of
PTHLH
and
PTH
1R
was conducted in neuroblastoma cell lines to investigate the succeeding phenotype induced both
in vitro
and
in vivo
. Downregulation of
PTHLH
reduced
MYCN
expression and subsequently induced cell cycle arrest, senescence, and migration and invasion impairment in a
MYCN
‐amplified,
TP
53
‐mutated neuroblastoma cell line. These phenotypes were associated with reduced tumorigenicity in a murine model. We also show that
PTHLH
expression is not under the control of the calcium‐sensing receptor in neuroblastoma. Conversely, its production is stimulated by epidermal growth factor receptor (
EGFR
). Accordingly, irreversible
EGFR
inhibition with canertinib abolished
PTHLH
expression. The oncogenic role of
PTHLH
appeared to be a consequence of its intracrine function, as downregulation of its receptor,
PTH
1R, increased anchorage‐independent growth and induced a more undifferentiated, invasive phenotype. Respectively, high
PTH
1R
mRNA
expression was found in
MYCN
nonamplified primary tumors and also significantly associated with other prognostic factors of good outcome. This study provides the first evidence of the dual role of
PTHLH
in the behavior of neuroblastomas. Moreover, the identification of EGFR as a transcriptional regulator of PTHLH in neuroblastoma provides a novel therapeutic opportunity to promote a less aggressive tumor phenotype through irreversible inhibition of EGFR tyrosine kinase activity.