Podcasting revenue at iHeartMedia jumped 13 percent in the three months ended June 30, 2023, reaching $97 million, while the rest of the company’s revenues continued to be impacted by softness in the advertising market. iHeartMedia reported total revenue of $920 million in the second quarter, down 3.6 percent from a year ago but better …
Second quarter 2023 revenue dipped 3.6% year-over-year to $920 million at iHEARTMEDIA, which the company quickly noted slightly beat its guidance of "down mid-single digits" for the quarter. Excluding political revenue, revenue declined 1.8%. Consolidated Adjusted EBITDA dropped from $237 million to $191 million, and GAAP Operating Income fell from a gain of $83 million to a loss of $897 million, which includes $961 million of non-cash intangible impairment charges.The company s .
iHEARTMEDIA is buying Hot AC WAYV/ATLANTIC CITY, Top 40/Rhythmic WZBZ (99.3 THE BUZZ)/PLEASANTVILLE-ATLANTIC CITY, Classic Rock WZXL/WILDWOOD, NJ, and R&B WTTH/MARGATE CITY-ATLANTIC CITY from EQUITY COMMUNICATIONS for an undisclosed price.“iHEARTMEDIA is the multiplatform leader in audio built on the power of radio, and this acquisition underscores our commitment to broadcast radio’s continued growth and success as the no. 1 reach medium in the U.S. These stations have a long .