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Dec 31, 2022
iHeartMedia Q4 2022 Earnings Report
Reported solid operating results with revenue and earnings growth.
Key Takeaways
iHeartMedia, Inc. reported a strong fourth quarter and full year for 2022. Q4 revenue increased by 6% to $1,126 million, and Adjusted EBITDA increased by 7% to $316 million. The company's digital audio group continued its strong growth, while the multiplatform group demonstrated resilience. For the full year, revenue was up 10% to $3,912 million, and Adjusted EBITDA increased to $950 million.
Q4 Revenue of $1,126 million, up 6%; at high end of guidance of up approximately 2%-6%.
GAAP Operating income of $173 million vs. GAAP Operating income of $123 million in Q4 2021, up 41%.
Consolidated Adjusted EBITDA of $316 million increased 7%; at middle of guidance of $305 million to $325 million.
Digital Audio Group Revenue of $301 million up 10%.
iHeartMedia
iHeartMedia
iHeartMedia Revenue by Segment
Revenue by Segment
Multiplatform Group Revenue
CapyFin.com Forward Guidance
The company expects Q1 Consolidated Revenue to decrease by approximately mid-single digits and Q1 Consolidated Adjusted EBITDA to be $80 million to $90 million.