NASDAQ$IHRT
iHeartMedia Inc · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Reported strong fourth quarter and full year results, demonstrating momentum and digital transformation.
iHeartMedia, Inc. reported a strong Q4 2021 with revenue up 14% year-over-year to $1,062 million and GAAP Operating income of $123 million, a 9% increase compared to Q4 2020. The company's digital audio group saw significant growth, with revenue up 59% year-over-year. iHeartMedia is focused on reducing net leverage to approximately 4x.
- Q4 Revenue increased by 14% year-over-year, exceeding prior guidance.
- Digital Audio Group Revenue increased by 59% year-over-year, driven by podcasting and digital advertising.
- Multiplatform Group Revenue increased by 9% year-over-year, driven by business recovery from the negative impact of the COVID-19 pandemic
- GAAP Operating income increased 9% year-over-year, driven by the continued recovery from the impact of COVID-19 on our businesses.
Headline financials
Revenue & EPS history
iHeartMedia · Revenue · Quarterly
$1.06B
Revenue by segment
iHeartMedia · $887M total across 3 segments · Q1 2026
- Multiplatform Group$493M—55.6%
- Digital Audio Group$327M—36.9%
- Audio & Media Services$66.6M—7.5%
Forward guidance
iHeartMedia expects revenue to increase by approximately 17%-19% YoY in Q1 2022.
Tailwinds
- January Consolidated Revenue up approximately 18.3% YoY
- Q1 Consolidated Revenue expected to increase by approximately 17%-19% YoY
- Expect to make significant progress in 2022 towards the previously announced net debt to adjusted EBITDA (net leverage) target of approximately 4x
- Strong top line growth continues to be coupled with margin expansion
- Continue to grow revenue going forward and, combined with our strict cost discipline, that we will continue to generate profit and Free Cash Flow as we remain focused on reducing our net leverage to approximately 4x
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 2021
-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
| Quarter | Report date | Reaction (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% | |
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