iHeartMedia, Inc. (IHRT) Reports Q4 Revenues Beat
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iHeartMedia, Inc. Reports Results for 2019 Fourth Quarter and Full Year
February 27, 2020 4:32 PM ESTSAN ANTONIO, Texas--(BUSINESS WIRE)-- iHeartMedia, Inc. (Nasdaq: IHRT) today reported financial results for the quarter and year ended December 31, 2019.
Financial Highlights
Solid GAAP revenue performance in Q4 '19 and FY '19, flat in the quarter and up 2.0% year-over-year; GAAP revenue excluding political grew 4.3% in Q4 '19 and 4.2% in FY '19 Q419 and FY 2019 GAAP earnings year-over-year comparisons highly affected by one-time items related to bankruptcy and emergence (completed in May 2019), resulting in a decrease in Operating income of 36.5% and 26.6%, respectively FY 2019 Adjusted... More