iHeartMedia Q3 revenue $953M (-3.6%); Adj. EBITDA $204M at high end of guidance

iHeartMedia, Inc.

2023-Q3 EPS reported -$7.48 revenue$2,684,242,000

Q3 revenue $953M (down 3.6% YoY); GAAP operating income $69M vs prior-year loss of $211M.
Consolidated Adj. EBITDA $204M, within guidance $195-205M (down from $252M YoY).
Digital Audio Group rev. $267M (+5%); podcast rev. $103M (+13%).
Multiplatform Group rev. $626M (-5%); segment Adj. EBITDA $162M (-22%).
Repurchased $89M principal of 8.375% notes for $65M cash; Q4 guidance: rev. decline high-single digits, Adj. EBITDA $205-215M.

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 the quarter ended September 30, 2023 results: revenue $953 million. Guidance reaffirmed.

Period: the quarter ended September 30, 2023
Revenue: $953 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, 2023. Financial Highlights: 1 Q3 2023 Consolidated Results ▪ Q3 Revenue of $953 million, down 3.6%; slightly better than the guidance range of down mid-single digits • Excluding Q3 Political Revenue, Q3 Revenue down 1% ▪ GAAP Operating income of $69 million vs. GAAP

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Source: SEC EDGAR

accession 0001400891-23-000042

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