iHeartMedia reports Q4 adjusted EBITDTA $246.21M vs $208.21M last year

Reports Q4 revenue $1.12B, consensus $1.17B. “Our fourth quarter Adjusted EBITDA of $246 million was up 18.2% vs. prior year, our highest percentage increase in almost three years, and our consolidated revenues were up 4.8% compared to the prior year, demonstrating the inherent operating leverage in this business,” said Bob Pittman, Chairman and CEO of iHeartMedia (IHRT), Inc. “We are pleased that we successfully completed the comprehensive exchange transaction discussed last quarter — extending the majority of our debt maturities by three years; keeping our consolidated annual cash interest expense essentially flat; and providing overall debt reduction. This provides the company with the flexibility to remain focused on creating shareholder value in 2025 and beyond.”