logo
IHeartMedia: Q3 Earnings Snapshot

IHeartMedia: Q3 Earnings Snapshot

By AP News
Published - Nov 07, 2024, 08:53 AM ET
Last Updated - Dec 16, 2024, 05:35 PM EST

SAN ANTONIO (AP) — SAN ANTONIO (AP) — IHeartMedia Inc. (IHRT) on Thursday reported a loss of $41.3 million in its third quarter.

On a per-share basis, the San Antonio-based company said it had a loss of 27 cents. Losses, adjusted for restructuring costs and asset impairment costs, came to 16 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.

The radio company posted revenue of $1.01 billion in the period.

Our Offices
  • 10kInfo, Inc.
    13555 SE 36th St
    Bellevue, WA 98006
  • 10kInfo Data Solutions, Pvt Ltd.
    Claywork Create
    11 km, Arakere Bannerghatta Rd, Omkar Nagar, Arekere,
    Bengaluru, Karnataka 560076
4.2 12182024