iHeartMedia, Inc. (IHRT) Reoprts Q4 Revenue
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iHeartMedia, Inc. Reports Results for 2020 Fourth Quarter and Full Year
February 25, 2021 4:05 PM ESTNEW YORK--(BUSINESS WIRE)-- iHeartMedia, Inc. (Nasdaq: IHRT) today reported financial results for the quarter and year ended December 31, 2020.
Financial Highlights:
Q4 Results: Strong Sequential Improvement Continues
Q4 Revenue of $936 million down 9% YoY, improving from down 22% YoY in Q3 and 47% YoY in Q2, and a 26% increase from $744 million in Q3 Q4 Revenue benefited from strong digital growth of 53% YoY (Podcast Revenue increased 100% YoY) and significant political advertising GAAP Operating income of $113 million compared to... More