
"Consolidated Revenue -- $1.1 billion, up 0.8%, exceeding guidance of down low single digits; excluding political, up 7.7% with political advertising accounting for $80 million in the prior year."
"Podcast Revenue -- $174 million, up 24.5%, surpassing guidance of mid-teens growth; local sales force generated about 47% of podcast revenue, up from 13% in Q4 2020."
"Digital Audio Group Revenue -- $387 million, up 14.1%, above the previously provided guidance of high single digits. Digital Audio Group Adjusted EBITDA -- $132 million, up 10.7%, with Q4 EBITDA margins at 34.1% and annual margins at 34.4%, an increase from 32.5% in the prior year."
iHeartMedia reported consolidated revenue of $1.1 billion, up 0.8% and exceeding guidance despite low single-digit expectations. Excluding political advertising, revenue grew 7.7%. Digital Audio Group revenue reached $387 million, up 14.1%, with podcast revenue surging 24.5% to $174 million, significantly outpacing mid-teens guidance. Podcast local sales force generated 47% of revenue, up from 13% in Q4 2020. Adjusted EBITDA totaled $220 million at guidance midpoint. Multiplatform Group revenue declined 2.8% to $665 million, while Audio and Media Services Group revenue fell 19.3%, primarily due to $35 million in prior-year political advertising. Excluding political revenue, Audio and Media Services grew 21.8%.
#podcast-growth #digital-audio-revenue #political-advertising-impact #ebitda-performance #iheartmedia-earnings
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