iHeartMedia, Inc. (IHRT) Q3 Revenues Beats

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Go back to iHeartMedia, Inc. (IHRT) Q3 Revenues Beats

iHeartMedia, Inc. Reports Results for 2022 First Quarter

May 5, 2022 4:05 PM EDT

NEW YORK--(BUSINESS WIRE)-- iHeartMedia, Inc. (Nasdaq: IHRT) today reported financial results for the quarter ended March 31, 2022.

Financial Highlights:

Q1 2022 Consolidated Results

Q1 Revenue of $843 million up 19.4% YoY; slightly exceeded high end of guidance range of up approximately 17%-19% GAAP Operating income of $12 million vs. Operating loss of $76 million in Q1 2021 Consolidated Adjusted EBITDA of $145 million increased 42% YoY Consolidated Adjusted EBITDA margin of 17.2%, up 275 bps from 14.5% in Q1 2021 Cash... More