iHeartMedia, Inc. (IHRT) Reports Q2 Revenues Miss
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iHEARTMEDIA, Inc. Reports Results for 2020 Second Quarter
August 6, 2020 8:00 AM EDTSAN ANTONIO--(BUSINESS WIRE)-- iHeartMedia, Inc. (Nasdaq: IHRT) today reported financial results for the quarter ended June 30, 2020.
Financial Highlights
Financial performance in the second quarter was significantly negatively impacted by the economic downturn resulting from the COVID-19 pandemic ("COVID-19"). Total company revenue declined 47% in Q2 compared to the prior-year period Rate of YoY revenue decline has improved in each month since the April low-point: April (50)%, May (49)%, June (41)% and July (27)% YoY Podcasting revenue grew 103% in... More