iHeartMedia Shares Tumble 36% Following Quarterly Results, Outlook ...Middle East

iHeartMedia shares fell 36.1% on Thursday after the company’s first-quarter earnings showed continued uncertainty in broadcast advertising mixed with improvements in its digital business. iHeartMedia’s loss of 12 cents per share bested analysts’ estimate of a loss of 55 cents per share, according to MarketWatch, and its revenue ($799 million) and adjusted earnings before interest, taxes, depreciation and amortization ($105 million) both fell within the guidance it provided. CEO Bob Pittman and COO and CFO Rich Bressler reminded listeners to Thursdays’ earnings call that the first quarter is historically the slow

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Last updated : 10 May 2024 clock 04:17 PM

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iHeartMedia Shares Tumble 36% Following Quarterly Results, Outlook ...Middle East

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