NASDAQ$IHRT

iHeartMedia Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported solid operating results with revenue and earnings growth.

iHeartMedia, Inc. reported a strong fourth quarter and full year for 2022. Q4 revenue increased by 6% to $1,126 million, and Adjusted EBITDA increased by 7% to $316 million. The company's digital audio group continued its strong growth, while the multiplatform group demonstrated resilience. For the full year, revenue was up 10% to $3,912 million, and Adjusted EBITDA increased to $950 million.

  • Q4 Revenue of $1,126 million, up 6%; at high end of guidance of up approximately 2%-6%.
  • GAAP Operating income of $173 million vs. GAAP Operating income of $123 million in Q4 2021, up 41%.
  • Consolidated Adjusted EBITDA of $316 million increased 7%; at middle of guidance of $305 million to $325 million.
  • Digital Audio Group Revenue of $301 million up 10%.

Headline financials

Total Revenue

$1.13B

Previous: $1.06B+6.0%
EPS (adj)

$0.54

Previous: $0.76-28.9%
Capital Expenditures

$48.4M

Previous: $82M-41.0%
Free Cash Flow

$165M

Previous: $51.9M+217.7%
Net Income

$79.9M

Previous: $112M-28.6%
Operating Income

$173M

Previous: $123M+40.7%
Gross Profit

$713M

Previous: $676M+5.4%
Cash & Equivalents

$336M

Previous: $352M-4.5%
Total Assets

$8.34B

Previous: $8.88B-6.1%
Stock-Based Comp

$10.9M

Previous: $5.96M+82.4%

Revenue & EPS history

iHeartMedia · Revenue · Quarterly

$1.13B

Q4 2022+6%vs Q4 2021
Beat estimate in 8 of 15 quarters(53%)
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

The company expects Q1 Consolidated Revenue to decrease by approximately mid-single digits and Q1 Consolidated Adjusted EBITDA to be $80 million to $90 million.

Historical earnings impact

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

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q4 2022

Historical avgQ4 2022

-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
Q2 2025———
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———
Q4 2018———
Q2 2018———
Q3 2018———
Q1 2018———
Q4 2017———
Q2 2017———
Q3 2017———
Q1 2017———
Q4 2016———
Q2 2016———
Q3 2016———
Q1 2016———
Q4 2015———
Q3 2015———
Q2 2015———
Q1 2015———
Q4 2014———
Q3 2014———
Q2 2014———
Q1 2013———
Q1 2014———
Q2 2013———
Q4 2013———
Q3 2013———
Q4 2012———
Q4 2011———
Q3 2012———
Q2 2012———
Q1 2011———
Q1 2012———
Q4 2009———
Q2 2011———
Q3 2010———
Q3 2011———
Q4 2010———
Q2 2010———
Q1 2010———

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