iHeartMedia reports Q1 results

May 05, 2022 4:35 PM ETiHeartMedia, Inc. (IHRT)By: Dania Nadeem, SA News Editor
  • iHeartMedia press release (NASDAQ:IHRT): Q1 Consolidated Adjusted EBITDA of $145 million increased 42% YoY.
  • Revenue of $843.46M (+19.4% Y/Y) beats by $4.04M.
  • Guidance
  • Q2 Consolidated Revenue expected to increase by approximately 10%-14% YoY.
  • May and June Consolidated Revenue currently pacing up in the mid to high teens YoY
  • Q2 Consolidated Adjusted EBITDA expected to be $225 million to $245 million

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