iHeartMedia, Inc. (IHRT) Q2 Revenue Tops Consensus

iHeartMedia, Inc. (NASDAQ: IHRT) reported Q2 revenue of $1.06 billion versus the consensus estimate of $1.04 billion.

• GAAP Operating income of $123 million increased 9% vs. $113 million in Q4 2020
• Consolidated Adjusted EBITDA of $294 million increased 11% YoY

Guidance:

• January Consolidated Revenue up approximately 18.3% YoY
• Q1 Consolidated Revenue expected to increase by approximately 17%-19% YoY
• Expect to make significant progress in 2022 towards the previously announced net debt to adjusted EBITDA ("net leverage") target of approximately 4x

For earnings history and earnings-related data on iHeartMedia, Inc. (IHRT) click here.

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