Digital Audio revenue climbed 12% to USD 364 million, led by podcast revenue up 21% to USD 162 million; segment adjusted EBITDA rose 14% to USD 123 million.
Multiplatform revenue fell 2% to USD 536 million; segment adjusted EBITDA dropped 39% to USD 59 million, with management citing softer broadcast demand.
Q2 results and cash flow
iHeartMedia posted Q2 revenue of USD 977 million, up 4.7% year over year; net loss was USD 82.54 million, little changed.
GAAP operating income edged up to USD 36 million; consolidated adjusted EBITDA slipped 2.9% to USD 152 million.
Free cash flow turned positive at USD 46 million; cash provided by operating activities rose to USD 65 million.
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