iHEARTMEDIA, Inc. Reports Results for 2020 Second Quarter
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/19/2026
- Tech selloff weighs down Wall Street as bond yields climb
- Baidu slips as Q2 results miss estimates despite growth in AI cloud business
- Nvidia or Sandisk? BofA reveals which stock is under-owned and which is crowded
- Home Depot beats estimates, reaffirms fiscal 2026 guidance
- Citi says positioning risk is shifting from short squeezes to profit-taking
- Tech selloff weighs down Wall Street as bond yields climb
- Francisco Partners to acquire Weave Communications for $650M
- Nvidia or Sandisk? BofA reveals which stock is under-owned and which is crowded
- Goldman Sachs to acquire real estate company LCN for up to $410M
- BofA raises hyperscaler AI capex outlook to $3.6tn through 2028
iHeartMedia, Inc. (IHRT) Reports Q2 Revenues Miss
August 6, 2020 8:13 AM EDTiHeartMedia, 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