“We’re pleased to report that our third quarter results were in line with our previously provided Adjusted EBITDA and Revenue guidance ranges,” Bob Pittman, Chairman and CEO of iHeartMedia, said in prepared comments released ahead of the company’s third quarter earnings call on Thursday — the first of the day from several from publicly traded broadcast media licensees.
Did iHeartMedia meet analyst expectations as it continues to attract scrutiny for a much-publicized reduction-in-force impacting close to 5% of its total employee roster? That question may not be the one investors want the answer to, as the company’s net loss mushroomed even as revenue topped $1 billion.
![iHeartMedia CEO Bob Pittman, actor Vilmer Valderrama and President/COO and CFO Rich Bressler attend a Happy Hour at iHeartCafé | La Californie during the Cannes Lions Festival on June 19 in Cannes, France. [Photo: Adam Berry/Getty Images for iHeartMedia]](https://rbr.com/wp-content/uploads/2158288343-scaled-e1718914953101.jpg "iHeartMedia Hosts Happy Hour During The Cannes Lions Festival")
