Healthy Gains For iHeartMedia In Q3


If the often-overused buzzword “transformational” could only apply to one company, perhaps iHeartMedia¬†qualifies as one. On July 18, it began trading on Nasdaq as “IHRT,” free of billions of dollars in debt following a successful exit from Chapter 11 bankruptcy protection.

Today, it can celebrate “strong results” punctuated by a 3% revenue gain in Q3, on statistically flat earnings before interest.

However, there was one blemish, as operating income slid by nearly 25%.

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