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Sep 30, 2021
iHeartMedia Q3 2021 Earnings Report
Reported financial results, showing revenue increase and adjusted EBITDA growth.
Key Takeaways
iHeartMedia, Inc. reported strong Q3 2021 results with a 25% increase in revenue compared to Q3 2020, exceeding prior guidance. The company's digital audio group and multiplatform group both experienced significant growth. The company generated $45.5 million in free cash flow and made proactive capital structure improvements.
Q3 Revenue of $928 million, up 25% year-over-year.
GAAP Operating income of $80 million compared to $39 million in Q3 2020.
Consolidated Adjusted EBITDA of $230 million compared to $162 million in Q3 2020.
Digital Audio Group Revenue up 77% year-over-year, with Podcast Revenue up 184%.
Revenue by Segment
Forward Guidance
Q4 consolidated revenue expected to be up approximately 10% YoY; Excluding the impact of Political, Q4 revenue is expected to increase by approximately 22% YoY.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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