earnings
confidence high
sentiment positive
materiality 0.75
iHeartMedia Q4 revenue $1,062M (+14% YoY); Digital Audio revenue up 59%; beats guidance
iHeartMedia, Inc.
2021-FY EPS reported
-$1.09
revenue$3,558,340,000
- Q4 revenue $1,062M, up 14% YoY, exceeding prior guidance of ~10% growth; ex-political up 25%.
- GAAP operating income $123M (up 9% YoY); Consolidated Adjusted EBITDA $294M (up 11% YoY).
- Digital Audio Group revenue up 59% YoY; Podcast revenue surged 130% YoY to $96.6M.
- Full year 2021 revenue $3,558M (+21% YoY); Adjusted EBITDA $811M (+51% YoY).
- Term loan reduced by $250M; Preferred repurchased $60M; net debt $5,387M; guides Q1 revenue +17-19% YoY.