iHeartMedia Second Quarter Preliminary Results Show Revenue, Adjusted EBITDA Rising

Q2 Prelims

iHEARTMEDIA second quarter preliminary financial results filed with the SEC show that revenue rose 2.4% year-to-year to $913 million. The figure was up 3.8% to $908 million excluding political revenue, which fell from $17 million to $5 million for the quarter on a year-to-year basis.

Operating income was roughly flat at $180 million, and Adjusted EBITDA was up 3.1% to $263 million.

2019 guidance is for total revenue growth in the low single digits and Adjusted EBITDA margins of 26% to 29%. The company emerged from bankruptcy at the beginning of MAY.

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