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In a Tuesday morning earnings call, iHeartMedia reported better-than-expected results for the first quarter of 2023.

According to The Business Research Company, the projected size of the global TV and radio broadcasting market was set to increase from $374.55 billion in 2021 to $401.25 billion in 2022, representing ...

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 company's 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 ...

IHeartMedia Inc reports its operating results for the first quarter of 2023 and revenue for the period was $811.2 million, a decline of 3.8% over the same period in 2022. After reporting operating income of $12.3 million in Q1 of 2022, the company posts an operating loss of $48.8 million. Also, iHeartMedia’s net loss increased…

IHeartMedia, Inc. (NASDAQ:IHRT – Get Rating) has been assigned an average recommendation of “Hold” from the eight brokerages that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 1 year price objective among analysts […]