earnings
confidence high
sentiment positive
materiality 0.75
iHeartMedia Q2 revenue up 11% to $954M; Adjusted EBITDA up 29% to $237M
iHeartMedia, Inc.
2022-Q2 EPS reported
-$0.23
revenue$1,797,463,000
- Revenue $954M (+11% YoY); GAAP operating income $83M vs $28M a year ago.
- Digital Audio Group revenue $253M (+28% YoY); Podcast revenue $86M (+60% YoY).
- Consolidated Adj. EBITDA margin 24.9%, up 345 bps; Free Cash Flow $106M vs -$3M.
- Repurchased $114M principal of 8.375% Senior Unsecured Notes for $105M, saving ~$10M annual interest.
- Q3 guidance: Revenue up 3%-7% YoY; Adj. EBITDA $240M-$255M.