IHRT Q3 2023 Earnings — iHeartMedia, Inc. Revenue & Financial Results | Market Cap Arena

IHRTiHeartMedia, Inc.

$412M

Q3 2023 Earnings

Communication Services Broadcasting

Income Statement

Revenue

$953M-3.6% YoY

Gross Profit

$573M60.1% margin

Operating Income

$69M7.2% margin

Net Income

-$9M-0.9% margin

EPS (Diluted)

$-0.06

QoQ Revenue Growth

+3.6%

Cash Flow

Operating Cash Flow

$96M

Free Cash Flow

$68M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$6.9B

Total Liabilities

$7.3B

Stockholders' Equity

-$416M

Cash & Equivalents

$213M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$953M	$989M	-3.6%
Gross Profit	$573M	$617M	-7.2%
Operating Income	$69M	-$211M	+132.7%
Net Income	-$9M	-$310M	+97.1%

Revenue Segments

Broadcast Radio

$455M48%

Digital Non-podcast

$163M17%

Networks

$116M12%

Digital Podcast

$103M11%

Audio and Media Services

$61M6%

Sponsorship and Events

$50M5%

Other

$5M1%