iHeartMedia, Inc. (IHRT) Q4 Revenue Misses Consensus

iHeartMedia, Inc. (NASDAQ: IHRT) reported Q4 revenue of $954 million versus the consensus estimate of $963.13 million.

Guidance:

• Q3 Consolidated Revenue expected to increase by approximately 3%-7% YoY
• July Consolidated Revenue up approximately 4% YoY
• Q3 Consolidated Adjusted EBITDA expected to be $240 million to $255 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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