iHeartMedia lowers annual guidance amid weakening radio segment
IHRT iHeartMedia Inc
$0.62 -65.03%
View chart & analysis → - 1iHeartMedia's third-quarter revenue was $1.03 billion, representing a 3.3% year-over-year increase.
- 2Management cut the annual adjusted EBITDA guidance from approximately $800 million to $550 million-$600 million.
- 3Management cut the free cash flow guidance from approximately $200 million to approximately $50 million.
So what's the key point?
iHeartMedia's third-quarter revenue grew by 3.3% compared to last year. Management has lowered its annual expectations for profit and cash flow.
Source Earnings Whispers · View original ↗
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