Iheartmedia reports cash balance of $646.8 million as of march 31

Iheartmedia, inc. reports results for 2020 first quarter.q1 revenue $780.6 million versus refinitiv ibes estimate of $787.9 million.anticipating $100 million in run-rate savings by 2021 with approximately $50 million run-rate achieved in 2020.cash balance of $646.8 million as of march 31, 2020.qtrly gaap operating loss of $1,730.8 million, driven primarily by non-cash impairment charges.plans to reduce capital expenditures in 2020 by approximately $80 million from its previously announced guidance of $155 million to $175 million.
IHRT Ratings Summary
IHRT Quant Ranking