IHRT Earnings Prediction
The chart below shows how IHRT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, IHRT sees a +11.19% change in stock price 10 days leading up to the earnings, and a -9.63% change 10 days following the report. On the earnings day itself, the stock moves by -6.99%. This data can give you a slight idea of what to expect for the next quarter's release.
IHRT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.01B
5.79%
8.51%
Gross Margin
49.30%
0.69%
3.46%
Operating Margin
9.31%
3.44%
127.07%
Net Margin
-4.10%
336.17%
-96.12%
EPS
-0.27
-350.00%
-95.85%
No Data Available
IHRT Earnings Analysis
iHeartMedia, Inc. Class A Common Stock Corporation (IHRT.O) Earnings Conference Call
Positive
Adjusted EBITDA Performance: We generated adjusted EBITDA of $205 million, within the guidance range we provided of $200 million to $220 million.
Revenue Increase Alignment: Our consolidated revenues were up 5.8% compared to the prior year quarter, in line with our guidance of up mid-single digits.
Q3 Revenue Increase: The Digital Audio Group generated third quarter revenues of $301 million, up 12.7% versus prior year, in line with our previously provided guidance of up low double digits.
Adjusted EBITDA Growth: The Digital Audio Group's adjusted EBITDA was $100 million, up 6.8% versus prior year, with margins of 33.2%, continuing the trend of sequential margin improvement in each quarter this year.
Fourth Quarter EBITDA Growth: We expect to generate fourth quarter adjusted EBITDA of approximately $290 million, up approximately 39%, compared to $208 million in the prior year quarter.
Negative
Operating Expenses Increase: Our consolidated direct operating expenses increased 7.8% for the quarter.
SG&A Expense Increase: Our consolidated SG&A expenses increased 6.4% for the quarter.
Adjusted EBITDA Comparison: Our third quarter adjusted EBITDA was $205 million, compared to $204 million in the prior year quarter.
Revenue Decline Analysis: Our total revenues were $620 million, down 1.1% year-over-year.
EBITDA Decline: Our adjusted EBITDA was $130 million, down from $162 million in the prior year quarter.
IHRT FAQs
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IHRT Earning Call Sentiment
iHeartMedia, Inc. (IHRT) Q3 2024 Earnings Call Transcript
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IHRT.O
-2.24%Positive
The earnings call presents mixed signals. Positive aspects include record low net debt, strong digital audio revenue growth, and cost-saving initiatives. However, there's reliance on political revenue, rising expenses, and a cautious outlook for next year. The Q&A reveals some confidence in ad market recovery, but also highlights conservative projections and unclear responses on cash allocation. Overall, the balanced positives and negatives suggest a neutral stock price movement in the short term.
