iHeartMedia, Inc. (NASDAQ:IHRT) reported Q4 revenue of $954 million versus the consensus estimate of $963.13 million.
Guidance:
- Q3 Consolidated Revenue expected to increase by approximately 3%-7% YoY
- July Consolidated Revenue up approximately 4% YoY
- Q3 Consolidated Adjusted EBITDA expected to be $240 million to $255 million
- Expect to make significant progress in 2022 towards the previously announced Net Debt to Adjusted EBITDA ("net leverage") target of approximately 4x