iHeart Revenue Growth In Q2
It’s been a five quarters since iHeart last publicly reported revenue figures, since no quarterly earnings were released during their time in bankruptcy. But now, just days ahead of Friday’s direct listing debut on NASDAQ, we’re getting our first look at the company’s top-line revenue performance.
According to iHeart’s 8K filing Q2’19 revenue was $913M, which is +2.4% over the same period in 2018. The company also gave guidance to expect low single-digit rev growth over the remainder of 2019.
In the filing iHeart also reported NASDAQ has approved its listing and the company will trade starting Friday under the ticker symbol “IHRT.” Bob Pittman and his Investor Relations crew are undoubtedly using the new revenue figures to chum up Wall Street interest once they go public.