IHRT Q1 2024 Earnings — iHeartMedia, Inc. Revenue & Financial Results | Market Cap Arena

IHRTiHeartMedia, Inc.

$412M

Q1 2024 Earnings

Communication Services Broadcasting

Income Statement

Revenue

$799M-1.5% YoY

Gross Profit

$458M57.3% margin

Operating Income

-$35M-4.3% margin

Net Income

-$19M-2.3% margin

EPS (Diluted)

$-0.12

QoQ Revenue Growth

-25.1%

Cash Flow

Operating Cash Flow

-$59M

Free Cash Flow

-$81M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$6.8B

Total Liabilities

$7.2B

Stockholders' Equity

-$405M

Cash & Equivalents

$361M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$799M	$811M	-1.5%
Gross Profit	$458M	$467M	-1.9%
Operating Income	-$35M	-$49M	+29.0%
Net Income	-$19M	-$222M	+91.7%

Revenue Segments

Broadcast Radio

$359M45%

Digital Non-podcast

$147M18%

Networks

$102M13%

Digital Podcast

$91M11%

Audio and Media Services

$68M8%

Sponsorship and Events

$28M3%

Other

$4M1%