The nation’s top audio media company and No. 1 licensee of radio stations released its first quarter 2021 earnings just after Thursday’s Closing Bell on Wall Street.
What did iHeartMedia have to share, ahead of its earnings call for analysts and investors?
Revenue fell 9.5%, or 7% ex-political. Adjusted EBITDA in Q1 2021 declined by $38 million. That’s better than what iHeart’s forecasts predicted, and only fuels its confidence that it will return to 2019 adjusted EBITDA levels by the end of 2021.