iHeart Reports Q2 Revenue


On Tuesday iHeart filed its financials with the SEC for the second quarter of 2018. The company reported revenue of $853.3 million for iHeartMedia, down 3.5% from 2017 ($884.4 million) and total revenue of $1.6 billion, down less than 1% from a year ago ($1.59 billion). For the first six months of the year, iHeartMedia revenue was $1.597 billion, down from $1.64 billion in the first six months of 2017. Total revenue for the first six months was reported at $2.97 billion, compared to $2.9 billion a year earlier. iHeart filed for Chapter 11 back in March and is not holding regular earnings calls as that process continues.


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