IHRT Q2 2024 Earnings — iHeartMedia, Inc. Revenue & Financial Results | Market Cap Arena

IHRTiHeartMedia, Inc.

$412M

Q2 2024 Earnings

Communication Services Broadcasting

Income Statement

Revenue

$929M+1.0% YoY

Gross Profit

$547M58.9% margin

Operating Income

-$910M-97.9% margin

Net Income

-$982M-105.7% margin

EPS (Diluted)

$-6.50

QoQ Revenue Growth

+16.3%

Cash Flow

Operating Cash Flow

$27M

Free Cash Flow

$6M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$5.8B

Total Liabilities

$7.1B

Stockholders' Equity

-$1.4B

Cash & Equivalents

$365M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$929M	$920M	+1.0%
Gross Profit	$547M	$565M	-3.2%
Operating Income	-$910M	-$897M	-1.4%
Net Income	-$982M	-$884M	-11.0%

Revenue Segments

Broadcast Radio

$425M46%

Digital Non-podcast

$180M19%

Networks

$107M11%

Digital Podcast

$105M11%

Audio and Media Services

$69M7%

Sponsorship and Events

$39M4%

Other

$4M0%