iHeartMedia Q1 adj. EBITDA $105M, first YoY growth in 5 quarters; revenue $799M

iHeartMedia, Inc.

2024-Q1 EPS reported -$0.12 revenue$799,038,000

Q1 revenue $799M, down 1.5% YoY, in line with guidance of flat to down 2%.
Adjusted EBITDA $104.6M, up from $93.4M; first YoY increase in five quarters.
Digital Audio Group revenue $239M (+7%); Podcast revenue $91M (+18%).
Multiplatform Group revenue $493M (-7%) as broadcast radio declined 6.2%.
Q2 guidance: revenue approximately flat, adjusted EBITDA $140M-$160M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

iHeartMedia, Inc. reported the quarter ended March 31, 2024 results: revenue $799 million. Guidance reaffirmed.

Period: the quarter ended March 31, 2024
Revenue: $799 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, 2024. Financial Highlights: 1 Q1 2024 Consolidated Results ▪ Q1 Revenue of $799 million, down 1.5%; in line with guidance range of flat to down 2%

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Source: SEC EDGAR

accession 0001400891-24-000020

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