The nation’s No. 1 audio content creation and distribution company early Thursday reported its financial results for the final quarter of last year. And, like other broadcast media companies, iHeartMedia saw its share of struggles.
The dip in revenue, along with a significant decline in year-over-year net income, led the company to register a $1.1 billion net loss for the full year of 2023, widening a full-year net loss seen in 2022.
Yet, it was a better-than-expected fourth quarter for iHeartMedia, and that’s the key takeaway when looking closely at its performance.
