iHeartMedia (IHRT) Q3 Earnings: What To Expect

Core Insights - iHeartMedia is set to announce its earnings results, with analysts expecting a revenue decline of 2.9% year on year to $978.7 million, contrasting with a 5.8% increase in the same quarter last year [2][3] Revenue Performance - In the previous quarter, iHeartMedia reported revenues of $933.7 million, which was flat year on year and beat analysts' revenue expectations by 2.4% [1] - Analysts have generally reconfirmed their estimates over the last 30 days, indicating expectations for the company to maintain its performance heading into earnings [3] Peer Comparison - In the broadcasting segment, FOX reported a year-on-year revenue growth of 4.9%, exceeding analysts' expectations by 4.6%, while AMC Networks experienced a revenue decline of 6.3%, surpassing estimates by 2.7% [4] Market Sentiment - Investors in the broadcasting segment have shown stability, with share prices remaining flat over the last month; however, iHeartMedia's stock has increased by 75.7% during the same period [5] - The average analyst price target for iHeartMedia is $2.13, compared to its current share price of $4.55 [5]