iHeartMedia released its operating results for the third quarter of 2023 and reports revenue of $953 million, a decrease of 3.6% over the same period in 2022. The company reports operating income of $69 million compared to the operating loss of $211 million it reported in Q3 of 2022. iHeartMedia reports a net loss of…
Radio was flat, digital was up again, and overall revenue rose for iHEARTMEDIA in third quarter 2022, with a 7% year-over-year revenue increase to $989 million, but GAAP operating income fell from $80 million to a loss of $211 million, which includes a $302 million non-cash impairment charge on the company s FCC licenses driven by increased interest rates. Adjusted EBITDA rose 10% to $252 million.The Multiplatform Group, which includes iHEART s radio properties, was flat at $660 million of .
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