When it comes to iHeartMedia‘s eponymous core business unit, it was a good Q1, with revenue climbing 2.5%, to $757.2 million.
Here’s where the good news ends for iHeart.
No matter how you sugar-coat it, iHeartMedia has some major financial challenges on its hands, as its consolidated revenue dipped 2.4%, to $1.33 billion, due to declines in its Clear Channel Outdoor unit.
Perhaps most telling is its across-the-board declines in iHeart’s operating income.
