“We are pleased to report that our first quarter 2023 results were a bit above the high end of our adjusted EBITDA and revenue guidance ranges — and that more importantly, while both the macroeconomic climate and the advertising marketplace remain uncertain, the audio and digital advertising markets appeared to be stronger in the quarter than we had initially anticipated.”
That’s the positive summation from Bob Pittman, Chairman/CEO of iHeartMedia, of the Q1 2023 results released early Tuesday by the nation’s leading audio content creation and distribution company.
