Overall Expenses, Outdoor Challenges, Hit iHeart Hard In Q1


When it comes to iHeartMedia‘s eponymous core business unit, it was a good Q1, with revenue climbing 2.5%, to $757.2 million.

Here’s where the good news ends for iHeart.

No matter how you sugar-coat it, iHeartMedia has some major financial challenges on its hands, as its consolidated revenue dipped 2.4%, to $1.33 billion, due to declines in its Clear Channel Outdoor unit.

Perhaps most telling is its across-the-board declines in iHeart’s operating income.

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