iHM Announces NASDAQ Listing, Preliminary Q2 Results

RADIO ONLINE | Friday, July 19, 2019

iHeartMedia

iHeartMedia has announced that NASDAQ Stock Market has approved the listing of the company's Class A common stock, par valued at $0.001 per share on the NASDAQ Global Select Market under the ticker symbol "IHRT." The Class A Shares are expected to begin trading on NASDAQ on July 18. In an 8K filing with the SEC, iHeartMedia revealed preliminary results of operations for the second quarter of 2019 with revenues rising 2.4% to $913 million from $892 million. Operating income (OI) fell to $180 million from $181 million, while Adjusted EBITDA grew 3.1% to $263 million from $255 million.

The preliminary results have not been audited or reviewed by the company's independent accountants, and remain subject to review by the iHM's management and audit committee. The results may differ from actual results, which remain subject to completion of management's and the audit committee's final review, as well as the interim review by its independent accountants.