Five analysts polled by Yahoo! Finance chimed in on where iHeartMedia’s Q1 2024 revenue would finish. This yielded a consensus estimate of $805.85.
Did the company led by CEO Bob Pittman and COO/CFO Rich Bressler meet or exceed that prediction? No, but the company was quick to note the 1.5% dip was in line with its own guidance range.
That couldn’t prevent the company from seeing its stock lose one-third of its value in heavy trading on Thursday.
The RBR+TVBR InFOCUS Podcast, presented by dot.FM, offers an in-depth audio review of iHeartMedia’s brief first quarter 2024 earnings call, in which no questions were asked due to the call being held at the same time as that of Townsquare Media. It will be distributed from Noon PT/3pm ET on May 9 at RBR.com and at iHeartRadio, Apple Podcasts, Deezer and soon-to-be-sunset Google Podcasts.
