Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 1.01B | 8.5% |
| Gross Profit | 101M | 111.3% |
| Cost of Revenue | 907M | 50.2% |
| Operating expense | 804M | 3.2% |
| Net Income | -41M | 95.8% |
| EBITDA | 138M | 116.3% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 5.78B | 0.2% |
| Total Liabilities | 7.26B | 0.6% |
| Shares Outstanding | 152M | 0.6% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 103M | 284.5% |
| Cash from investing | -32M | 46.1% |
| Cash from financing | -3.6M | 186% |
EPS
Financial Highlights for iHeartMedia in Q3 '24
iHeartMedia reported a revenue of 1.01B, which is a 8.5% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 101M, marking a 111.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 907M, a -50.2% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 804M, showing a 3.2% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -41M, showing a 95.8% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 138M, showing a 116.3% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for iHeartMedia with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
