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Bank of America downgraded shares of iHeartMedia (NASDAQ:IHRT – Get Rating) from a neutral rating to an underperform rating in a research report report published on Tuesday, Marketbeat.com reports. The firm currently has $4.00 price objective on the stock, down from their previous price objective of $6.50. IHRT has been the subject of a number […]
Operator: Good day, everyone. My name is Kelly, and I'll be your conference operator for today. At this time, I'd like to welcome everyone to the iHeartMedia Q4 2022 Earnings Call.
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IHeartMedia reveals operating results from the fourth quarter of 2022 and for the full year of 2022. The company says net revenue for Q4 was $1.12 billion, an increase of 6% over the same period in 2021, and full year net revenue for 2022 was $3.9 billion, up 10% over the previous year. The company…
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