IHeartMedia: Q2 Earnings Snapshot

August 4, 2022 GMT

SAN ANTONIO (AP) _ IHeartMedia Inc. (IHRT) on Thursday reported second-quarter net income of $14.4 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the San Antonio-based company said it had profit of 10 cents.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.

The radio company posted revenue of $954 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $952.2 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IHRT at https://www.zacks.com/ap/IHRT