IHeartMedia: Q1 Earnings Snapshot
By AP News
Published - May 02, 2023, 08:09 AM ET
Last Updated - Jun 22, 2023, 12:02 AM EDT
SAN ANTONIO (AP) — SAN ANTONIO (AP) — IHeartMedia Inc. (IHRT) on Tuesday reported a loss of $222.3 million in its first quarter.
The San Antonio-based company said it had a loss of $1.50 per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 71 cents per share.
The radio company posted revenue of $811.2 million in the period, topping Street forecasts. Four analysts surveyed by Zacks expected $795.4 million.
