earnings
confidence high
sentiment positive
materiality 0.75
iHeartMedia Q1 revenue $843M beats guidance; Adj EBITDA $145M up 42% YoY
iHeartMedia, Inc.
2022-Q1 EPS reported
-$0.33
revenue$843,458,000
- Revenue $843M (+19.4% YoY) exceeded high end of 17-19% guidance range; GAAP operating income of $12M vs loss of $76M.
- Adjusted EBITDA $145M (+42% YoY); margin expanded 275 bps to 17.2% from 14.5%.
- Digital Audio revenue $214M (+36% YoY); podcast revenue $69M (+79% YoY).
- Q2 guidance: revenue approx. +10-14% YoY; Adj EBITDA expected $225-245M.
- Net loss narrowed to $48.7M from $242M; operating cash flow negative $52M due to bonus payouts.