earnings
confidence high
sentiment positive
materiality 0.85
iHeartMedia Q4 Adj EBITDA $246M (+18%); completes $4.8B debt exchange
iHeartMedia, Inc.
2024-FY EPS reported
-$6.68
revenue$3,854,532,000
- Q4 revenue $1,118M (+4.8% YoY); Adj EBITDA $246M (+18.2%) vs $208M prior year.
- Completed debt exchange of ~$4.8B; maturities extended 3 years; net debt lowest in history at $4.52B.
- Digital Audio revenue $339M (+7%); Podcast revenue $140M (+6%).
- FY2025 guidance: Adj EBITDA ~$770M; Q1 Adj EBITDA $100-110M; revenue low-single digit decline.
- Free cash flow excluding debt exchange costs $111M in Q4; GAAP operating income $105M vs $80M.