iHeartMedia Q4 Revenue Growth Outlook of High-Single Digits Decline
Portfolio Pulse from Benzinga Newsdesk
iHeartMedia has provided a Q4 revenue growth outlook, expecting a high-single digit decline in consolidated revenue. The company also expects Q4 consolidated adjusted EBITDA to be between $205 million and $215 million. iHeartMedia remains committed to a long-term target of approximately 4x net debt to adjusted EBITDA.
November 09, 2023 | 1:06 pm
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iHeartMedia's Q4 revenue is expected to decline in high-single digits, which could negatively impact the company's stock price in the short term.
iHeartMedia's projected decline in Q4 revenue indicates potential financial instability, which could lead to a decrease in investor confidence and a subsequent drop in the company's stock price.
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IMPORTANCE 80
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