IHRT Q2 2023 Earnings — iHeartMedia, Inc. Revenue & Financial Results | Market Cap Arena

IHRTiHeartMedia, Inc.

$412M

Q2 2023 Earnings

Communication Services Broadcasting

Income Statement

Revenue

$920M-3.6% YoY

Gross Profit

$565M61.4% margin

Operating Income

-$897M-97.5% margin

Net Income

-$884M-96.1% margin

EPS (Diluted)

$-5.93

QoQ Revenue Growth

+13.4%

Cash Flow

Operating Cash Flow

$57M

Free Cash Flow

$34M

Stock-Based Comp.

$9M

Balance Sheet

Total Assets

$7.0B

Total Liabilities

$7.4B

Stockholders' Equity

-$414M

Cash & Equivalents

$165M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$920M	$954M	-3.6%
Gross Profit	$565M	$589M	-4.0%
Operating Income	-$897M	$83M	-1182.7%
Net Income	-$884M	$14M	-6241.7%

Revenue Segments

Broadcast Radio

$429M47%

Digital Non-podcast

$163M18%

Networks

$122M13%

Digital Podcast

$97M11%

Audio and Media Services

$64M7%

Sponsorship and Events

$38M4%

Other

$6M1%