iHeartMedia, Inc. (IHRT) Q1 Revenue Tops Consensus

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Go back to iHeartMedia, Inc. (IHRT) Q1 Revenue Tops Consensus

iHeartMedia, Inc. Reports Results for 2021 First Quarter

May 6, 2021 4:05 PM EDT

NEW YORK--(BUSINESS WIRE)-- iHeartMedia, Inc. (Nasdaq: IHRT) today reported financial results for the quarter ended March 31, 2021.

Financial Highlights:

Q1 Results

Q1 Revenue of $707 million down 9.5% YoY; excluding the impact of Political, Q1 Revenue was down 7% YoY Surpassing the Company's guidance of down 11-13% YoY, with Digital driving the out performance GAAP Operating loss of $76 million compared to $1.7 billion in prior-year, which included $1.7 billion of impairment charges Consolidated... More