Revenues increased $27.3 million, or 3.8%, excluding political revenue. CFO Richard Bressler said it was the 16th consecutive quarter of year-over-year revenue growth for iHeart’s radio stations, and he added that iHeart was outperforming its peers in the radio industry. “We’re really proud of our management team for the market share we’ve been able to take with the dollars available.” The revenue increase was attributed to higher trade and barter, sponsorships, and event revenue. Q2 is pacing down.
Richard, take a look at the average unit rates your managers used to get those shares then tell us how proud you are.