iHEARTMEDIA, Inc. Reports Results for 2020 Second Quarter

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/14/2026

1. DPZ
2. NVDA
3. BAC
4. DRS
5. GS
6. AVAV
7. ACI
8. UNH
9. ORCL
10. LQDA

Go back to iHEARTMEDIA, Inc. Reports Results for 2020 Second Quarter

iHeartMedia, Inc. (IHRT) Reports Q2 Revenues Miss

August 6, 2020 8:13 AM EDT

iHeartMedia, Inc. (NASDAQ: IHRT) reported Q2 revenue for the quarter came in at $488 million versus the consensus estimate of $562.5 million.

Revenue of $488 million, declined 47% YoYYoY performance by revenue stream:Broadcast revenue declined 57% from $561 million to $244 millionNetworks revenue declined 38% from $156 million to $96 millionDigital revenue increased 2%, from $91 million to $93 million, led by a 103% increase in podcasting revenueSponsorship and Events declined 65% from $42 million to $15 millionAudio & Media Services declined 33% from $59 million to $39 millionGAAP Operating loss of $159... More