iHeartMedia records $104.75 million of operating income for October

By Caroline Salls

Pittsburgh, Nov. 30 – iHeartMedia, Inc. reported $104.75 million of operating income for October on $349.4 million in revenue, according to its monthly operating report filed Friday with the Securities and Exchange Commission.

In comparison, iHeartMedia posted $62.38 million of operating income for September on $329.47 million in revenue.

Net income for October was $100.21 million, improving significantly from $11.95 million of September net income.

The company had $126.25 million in cash and cash equivalents as of Oct. 31, up from $76.15 million at the end of September.

iHeartMedia is a media and entertainment company based in San Antonio. The company filed bankruptcy on March 15 in the U.S. Bankruptcy Court for the Southern District of Texas under Chapter 11 case number 18-31274.

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