iHeartMedia, Inc. (IHRT) Q3 Revenues Beats

iHeartMedia, Inc. (NASDAQ: IHRT) reported Q3 revenue of $843 million versus the consensus estimate of $839.41 million. GAAP Operating income of $12 million vs. Operating loss of $76 million in Q1 2021.

GUIDANCE:

• Q2 Consolidated Revenue expected to increase by approximately 10%-14% YoY
• April Consolidated Revenue up approximately 8% YoY
  • May and June Consolidated Revenue currently pacing up in the mid to high teens YoY
• Q2 Consolidated Adjusted EBITDA expected to be $225 million to $245 million
• Expect to make significant progress in 2022 towards the previously announced Net Debt to Adjusted EBITDA ("net leverage") target of approximately 4x

For earnings history and earnings-related data on iHeartMedia, Inc. (IHRT) click here.

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