The company filed its monthly operating report with the bankruptcy court this week reporting $343.7 million in revenue for the month of November. That’s slightly down from October ($349,402) and up from September ($329,466).
Operating income for the month was $107 million. The company’s net income for November was $104 million. That’s iHeart’s biggest net income month of 2018 since it started reporting monthly income to the bankruptcy court. The company is expecting to emerge from bankruptcy early this year shaving $10 billion in debt off its balance sheet.
