iHeartMedia's Q2 earnings show a 13% increase in digital audio revenue, which helped balance declines in the multiplatform group, resulting in a slight overall gain of 0.5%. The operating income for this quarter was $35 million, significantly improved from a $910 million loss in the previous year's Q2. The multiplatform group's earnings declined slightly from the same quarter last year, while the digital audio segment continues to perform strongly, showcasing resilience in a challenging market.
Digital audio revenue increased by 13% in the second quarter, acting as a buffer for other revenue declines and contributing to an overall gain of 0.5%.
Operating income reached $35 million in Q2, a stark improvement from the previous year, which saw a GAAP operating loss of $910 million.
Collection
[
|
...
]