iHeartMedia, Inc. (IHRT) Reports Q1 Revenues Miss

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Go back to iHeartMedia, Inc. (IHRT) Reports Q1 Revenues Miss

iHeartMedia, Inc. Reports Results for 2020 First Quarter

May 7, 2020 4:00 PM EDT

SAN ANTONIO, Texas--(BUSINESS WIRE)-- iHeartMedia, Inc. (Nasdaq: IHRT) today reported financial results for the quarter ended March 31, 2020.

Financial Highlights

Strong financial performance in January and February was followed by a sharp decline in revenue in March resulting from the effects of the coronavirus ("COVID-19") pandemic. Continued audience and revenue growth in podcasting and digital Strong liquidity position and resilient capital structure: Cash balance of $646.8 million as of March 31, 2020 Over 90% of long-term debt maturing in... More