iHeartMedia Q3 revenue up 7% to $989M, adj. EBITDA $252M at high end of guidance; digital audio revenue up 23%

iHeartMedia, Inc.

2022-Q3 EPS reported -$2.33 revenue$2,786,393,000

Revenue $989M (+7% YoY) at high end of 3-7% guidance; GAAP operating loss $211M includes $302M FCC license impairment.
Consolidated Adjusted EBITDA $252M (+10% YoY) at high end of $240-255M guidance; margin 25.5%.
Digital Audio revenue $254M (+23% YoY); podcast revenue $91M (+42% YoY); Digital ex-podcast $163M (+15%).
Multiplatform revenue flat at $660M; Segment Adj. EBITDA $207M (-1% YoY), margin 31.4%.
Q4 guidance: revenue +2%-6% YoY, Adj. EBITDA $305-325M; repurchased $75M notes at discount for $68M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

iHeartMedia, Inc. reported quarter ended September 30, 2022 results: revenue $989 million. Guidance reaffirmed.

Period: quarter ended September 30, 2022
Revenue: $989 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

– iHeartMedia, Inc. (Nasdaq: IHRT) today reported financial results for the quarter ended September 30, 2022. Financial Highlights: Q3 2022 Consolidated Results ▪ Q3 Revenue of $989 million, up 7% YoY; at high end of guidance of up approximately 3%-7% ▪ GAAP Operating loss of $211 million vs. GAAP Operating income of $80 million in Q3 2021 • Includes FCC license

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Source: SEC EDGAR

accession 0001400891-22-000039

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