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iHeartMedia Revenue, Income Dip In First Quarter 2023

IHEARTMEDIA saw first quarter 2023 revenue dip 3.8% year-over-year to $811 million, with Consolidated Adjusted EBITDA down from $145 million to $93 million and GAAP Operating Income falling from a gain of $12 million to a loss of $49 million. Free Cash Flow dipped to negative $133 million. The companys earnings release noted that the results were slightly better than its guidance for the quarter. Multiplatform Group (including broadcast radio) revenue fell 7% to $529 million, with Segment ...
Perry Michael Simon Multiplatform Group Audio Media Services Group Digital Audio Group Heartmedia Revenue Income Dip In First Quarter

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