iHeartMedia Q3 Digital Audio Group Revenue $267M (+5% Y/Y), Podcast Revenue $103M (+13%)
Portfolio Pulse from Benzinga Newsdesk
iHeartMedia reported Q3 2023 results with Digital Audio Group Revenue of $267 million, up 5% YoY, and Podcast Revenue of $103 million, up 13% YoY. However, Multiplatform Group Revenue was $626 million, down 5% YoY. The company's Digital Audio Group Adjusted EBITDA margin was 35.1%, while the Multiplatform Group Adjusted EBITDA margin was 25.9%.
November 09, 2023 | 1:03 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
iHeartMedia's Q3 2023 results show mixed performance with growth in Digital Audio and Podcast revenues but a decline in Multiplatform Group Revenue.
The growth in Digital Audio and Podcast revenues indicates a positive trend in these segments. However, the decline in Multiplatform Group Revenue could be a concern for investors, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100