NASDAQ$IHRT

iHeartMedia Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

iHeartMedia's financial performance remained flat in Q4 2019, with revenue of $1,026.1 million. Excluding political revenue, revenue increased by 4.3%.

iHeartMedia, Inc. reported flat revenue for Q4 2019 at $1,026.1 million. Excluding political revenue, revenue increased by 4.3%. The company's digital revenue saw a significant increase of 33.6%.

  • Q4 2019 GAAP revenue was flat year-over-year, but excluding political revenue, it grew by 4.3%.
  • Digital revenue increased by 33.6% year-over-year.
  • GAAP Operating income decreased by 36.5% year-over-year, primarily due to the impact of fresh start accounting.
  • The company's cash balance at year-end was $400.3 million.

Headline financials

Total Revenue

$1.03B

Previous: $1.03B-0.0%
EPS (adj)

$0.42

Previous: $2.52-83.3%
Capital Expenditures

$29.7M

Previous: $139M-78.6%
Free Cash Flow

$176M

Previous: $165M+6.7%
Net Income

$62.1M

Previous: $215M-71.1%
Operating Income

$165M

Previous: $387M-57.4%
Gross Profit

$694M

Previous: $1.11B-37.4%
Cash & Equivalents

$400M

Previous: $224M+78.7%
Total Assets

$11B

Previous: $12.3B-10.2%
Stock-Based Comp

$6.23M

Previous: $2.2M+183.3%

Revenue & EPS history

iHeartMedia · Revenue · Quarterly

$1.03B

Q4 2019-0%vs Q4 2018
Beat estimate in 4 of 6 quarters(67%)
ActualEstimate

Revenue by segment

iHeartMedia · $887M total across 3 segments · Q1 2026

  • Multiplatform Group
    $493M
  • Digital Audio Group
    $327M
  • Audio & Media Services
    $66.6M

Forward guidance

iHeartMedia anticipates revenue growth in the mid-single digits, driven by political and digital growth. Adjusted EBITDA is expected to increase in the high-single digits, with margins improving to 28-29%. Free cash flow is projected to be between $300 million and $330 million, including investments in modernization initiatives.

Tailwinds

  • Contribution of high-margin political revenue from presidential election year
  • Continued Digital growth driven by podcasting
  • Modernization efficiencies

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2019

Historical avgQ4 2019

-4.5%

Avg return

Earnings day

-5.9%

Avg return

5 days after

-2.2%

Avg return

30 days after

30%

8 / 27 earnings

Positive

+40.2%

Q3 2024

Best reaction

-39.8%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.8%-15.8%-31.5%
Q4 2025-5.5%+4.5%+1.6%
Q3 2025-5.3%-10.9%+11.6%
Q1 2025-4.0%-3.9%+24.0%
Q4 2024-15.3%-27.8%-21.5%
Q3 2024+40.2%+37.4%+50.0%
Q2 2024-7.0%-7.0%+2.8%
Q1 2024-39.8%-41.7%-42.1%
Q4 2023-0.4%-15.0%-7.9%
Q3 2023-22.7%-19.2%+1.9%
Q2 2023-20.3%-24.6%-21.7%
Q1 2023-2.5%-18.4%-31.0%
Q4 2022-21.4%-25.2%-47.4%
Q3 2022+2.7%-7.7%+0.1%
Q2 2022-2.8%-3.6%-1.3%
Q1 2022-16.8%-24.9%-31.5%
Q4 2021+0.3%+7.6%-3.2%
Q3 2021+3.6%+7.5%-0.6%
Q2 2021-15.5%-16.2%-3.5%
Q1 2021+13.1%+12.8%+17.9%
Q4 2020-3.0%+8.3%+18.1%
Q3 2020+9.6%+14.2%+39.5%
Q2 2020-6.5%+12.2%+7.0%
Q1 2020+5.7%-3.3%+60.3%
Q4 2019-5.1%-7.6%-56.4%
Q3 2019+2.2%+10.5%-1.6%
Q2 2019-1.6%-1.6%+7.4%
Q1 2019
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