iHeartMedia Q4 revenue down 5.2% to $1.07B; Digital Audio EBITDA up 17%

iHeartMedia, Inc.

2023-FY EPS reported -$7.39 revenue$3,751,025,000

Q4 GAAP operating income $80M vs $173M prior year; Consolidated Adj. EBITDA $208M (guidance $205-215M).
Digital Audio Group revenue $318M (+6%); podcast revenue $132M (+17%); segment EBITDA margin 36.7%.
Multiplatform Group revenue $684M (-7%); segment EBITDA $142M (-39%) on political revenue decline.
FY 2023 revenue $3.75B (-4%); GAAP operating loss $797M from $965M impairment; Adj. EBITDA $697M.
Q1 2024 guidance: revenue flat to -2%; Adj. EBITDA $100-110M (up from $93M); received $101M from BMI sale.

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 0.7

iHeartMedia, Inc. reported the quarter and year ended December 31, 2023 results: revenue $1,067 million.

Period: the quarter and year ended December 31, 2023
Revenue: $1,067 million
Result: reported results

Exact text from the filing

Inc. (Nasdaq: IHRT) today reported financial results for the quarter and year ended December 31, 2023. Financial Highlights: 1 Q4 2023 Consolidated Results ▪ Q4 Revenue of $1,067 million, down 5.2%; slightly better than the guidance range of down high-single digits • Excluding Q4 Political Revenue, Q4 Revenue flat ▪ GAAP Operating income of $80 million vs. $173

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Source: SEC EDGAR

accession 0001400891-24-000006

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