earnings
confidence high
sentiment positive
materiality 0.75
iHeartMedia Q2 rev $862M (+77% YoY); Adj EBITDA $185M; paid down $250M term loan; guides Q3 rev +20% YoY
iHeartMedia, Inc.
2021-Q2 EPS reported
-$1.87
revenue$1,568,270,000
- Revenue $861.6M (+77% YoY); GAAP operating income $28.1M vs loss $159.1M a year ago.
- Consolidated Adjusted EBITDA $184.5M vs $(29.3)M; margin 21% vs (6)%.
- Digital Audio Group revenue +112% YoY; Podcast revenue +152% YoY.
- Multiplatform Group rev +70% YoY; Segment Adj EBITDA $181M vs ($14M).
- Proactively paid down $250M of term loan in July; cash balance $583M as of June 30.