iHeartMedia Expects Q3 Consolidated Revenue To Decline In The Mid-Single Digits, Consolidated Adjusted EBITDA Of $195M-$205M
Portfolio Pulse from Benzinga Newsdesk
iHeartMedia has projected a mid-single digit decline in its Q3 consolidated revenue. The company also expects its consolidated adjusted EBITDA to be between $195M and $205M.
August 08, 2023 | 11:27 am
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iHeartMedia's Q3 revenue is expected to decline in the mid-single digits, while its adjusted EBITDA is projected to be between $195M and $205M.
The company's projected decline in Q3 revenue indicates a potential decrease in business activity or sales, which could negatively impact the stock price in the short term. The EBITDA projection, while providing some measure of profitability, may not be enough to offset the negative sentiment from the revenue decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100