Iheart slips.

iHeartMedia’s Q3 2023 revenue was $952.99 million, a decrease of 3.6% from Q3 2022. Adjusted EBITDA fell by 19.2% to $203.78 million, and operating income was $69 million. However, the company’s net loss was reduced to $9.05 million. Podcast revenue increased to $102.7 million from $91.3 million, and the Digital Audio Group saw a 5.2% increase in revenue. For the fourth quarter, iHeartMedia expects a high-single digit decline in consolidated revenue and a low-single digit decline excluding political influences.