iHeartMedia, Inc. Reports Results for 2024 First Quarter
iHeartMedia, Inc. (Nasdaq: IHRT) today reported financial results for the quarter ended March 31, 2024.
- iHeartMedia, Inc. (Nasdaq: IHRT) today reported financial results for the quarter ended March 31, 2024.
- Digital Audio revenue increased $15.6 million, or 7.0%, driven primarily by continuing increases in demand for podcast advertising.
- Consolidated direct operating expenses decreased $3.2 million, or 0.9%, during the three months ended March 31, 2024 compared to the same period of 2023.
- Consolidated Selling, General & Administrative ("SG&A") expenses decreased $17.7 million, or 4.4%, during the three months ended March 31, 2024 compared to the same period of 2023.