8-K
filed February 28, 2023, 6:59 PM ET
ticker IHRT
CIK 0001400891
earnings
confidence high
sentiment neutral
materiality 0.80
iHeartMedia Q4 rev rises 6% to $1.126B; FY rev record $3.912B; Q1 Adj EBITDA guidance $80-90M
iHeartMedia, Inc.
2022-FY EPS reported
-$1.79
revenue$3,912,283,000
- Q4 revenue $1.126B, up 6% YoY, at high end of guidance; Digital Audio Group revenue up 10% with podcast up 17%.
- Full year revenue $3.912B, up 10%, highest in company history; Adjusted EBITDA $950M, second highest.
- Q1 2023 guidance: consolidated revenue expected to decrease mid-single digits; Adjusted EBITDA $80-90M.
- Repurchased $141M principal of 8.375% Senior Unsecured Notes for $126M cash; expects $12M annual interest savings.
- Net debt $5.08B; no material debt maturities before 2026.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
iHeartMedia, Inc. reported the year ended December 31, 2022 results: revenue $3,912 million. Guidance initiated.
- Period
- the year ended December 31, 2022
- Revenue
- $3,912 million
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
Revenue of $3,912 million, up 10%; excluding political Revenue, Revenue increased 7%, driven by growth across Digital Audio Group and Multiplatform Group
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
iHeartMedia, Inc. reported the quarter ended December 31, 2022 results: revenue $1,126 million. Guidance initiated.
- Period
- the quarter ended December 31, 2022
- Revenue
- $1,126 million
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
Q4 Revenue of $1,126 million, up 6%; at high end of guidance of up approximately 2%-6%
View on SEC.gov
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