iHeartMedia Revenue Rises, Net Loss Narrows In First Quarter 2022
First quarter 2022 revenue rose 19.4% year-over-year to $843 million at iHEARTMEDIA, at the high end of the company's guidance, with net loss narrowing from $242.1 million to $48.7 million. Digital Audio Group revenue rose 36% to $214 million (25% of overall revenue), including podcast revenue up 79% to $69 million and digital revenue (other than podcast) up 22% to $146 million. Multiplatform Group revenue increased 15% to $571 million, with broadcast revenue up 16.2% to $416.5 million, ...