iHeartMedia Q1 revenue down 3.8% to $811M; operating loss $48.9M; EBITDA above guidance

iHeartMedia, Inc.

2023-Q1 EPS reported -$1.50 revenue$811,239,000

Q1 revenue $811M (-3.8%); GAAP operating loss $48.9M vs income $12.3M in Q1 2022.
Adjusted EBITDA $93.4M (above $80-90M guidance) vs $145.2M prior year.
Net loss widened to $222.4M from $48.7M; Free Cash Flow negative $133M.
Digital Audio revenue up 4% to $223M, with podcast revenue up 12% to $77M.
Repurchased $20M principal of 8.375% notes for $15M cash; cumulative $350M bought at discount.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

iHeartMedia, Inc. reported quarter ended March 31, 2023 results: revenue $811 million. Guidance reaffirmed.

Period: quarter ended March 31, 2023
Revenue: $811 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

iHeartMedia, Inc. (Nasdaq: IHRT) today reported financial results for the quarter ended March 31, 2023. Financial Highlights: 1 Q1 2023 Consolidated Results ▪ Q1 Revenue of $811 million

View on SEC.gov

44 earnings releases filed in the last 30 days. Browse all earnings releases →

iHeartMedia, Inc. filing history →

Source: SEC EDGAR

accession 0001400891-23-000027

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.