iHeartMedia, Inc. (IHRT) Q4 Revenue Misses Consensus
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iHeartMedia, Inc. Reports Results for 2022 Second Quarter
August 4, 2022 4:05 PM EDTNEW YORK--(BUSINESS WIRE)-- iHeartMedia, Inc. (Nasdaq: IHRT) today reported financial results for the quarter ended June 30, 2022.
Financial Highlights:
Q2 2022 Consolidated Results
Q2 Revenue of $954 million, up 11% YoY; in line with guidance of up approximately 10%-14% GAAP Operating income of $83 million vs. $28 million in Q2 2021 Consolidated Adjusted EBITDA of $237 million increased 29% YoY; in line with guidance of $225 million to $245 million Consolidated Adjusted EBITDA margin of 24.9%, up 345 bps from 21.4%... More