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iHeartMedia Reports $1.12B Q4 Revenue, Misses Expectations

2/28/2025

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Summary

Story summary

iHeartMedia's Q4 2024 revenue reached $1.12 billion, a 4.8% increase, but fell short of analyst expectations.
Adjusted EBITDA rose 18.2% to $246 million, reflecting improved profitability.
Full-year revenue was $3.86 billion, a 3% increase, with flat growth excluding political advertising.
The company expects low single-digit revenue decline in Q1 2025 due to weak consumer sentiment.
Debt restructuring enhanced financial stability, with a cash balance of $259.6 million and plans for $150 million in cost savings.

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Story summary

iHeartMedia's Q4 2024 revenue reached $1.12 billion, a 4.8% increase, but fell short of analyst expectations.
Adjusted EBITDA rose 18.2% to $246 million, reflecting improved profitability.
Full-year revenue was $3.86 billion, a 3% increase, with flat growth excluding political advertising.
The company expects low single-digit revenue decline in Q1 2025 due to weak consumer sentiment.
Debt restructuring enhanced financial stability, with a cash balance of $259.6 million and plans for $150 million in cost savings.