Mike, everybody. good and Thanks, afternoon,
continuing and We’re growth. for iHeart revenue report operating Even solid results continuing pleased consumer economic usage, in of another to and environment, uncertain this company. quarter of challenging this we’re transformation and earnings our
and take through back year to about talk the step you I a the Before just fourth want quarter I take highlights, we’ve had.
and for poised for strong a be us was reminder, became XXXX As iHeart. to robust
consumers business, find committed continue advertising of XXXX and maintained reflect remain new our expense to Despite volatility uncertainty, our management, and focus a on innovate we as results. with and to we financials evolving However, engage partners, increased you’re we headwinds, which aware, macroeconomic our our our ways commitments. these factors to and number and led all these moderated to
and second generated adjusted revenue revenue year highest and iHeart’s flow year full and free was XXXX, fourth in we for quarter quarter EBITDA best the EBITDA cash basis, The and ever, in our highest a on history. adjusted
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that prior the backdrop, adjusted adjusted results any you fourth up million EBITDA for highlights in the highs guidance company’s the let of consolidated grew in end at mentioned X% the our $XXX to XX%, the million revenue quarter, quarter, QX compared guidance We approximately range EBITDA million, we earlier, XX versus the our the prior quarter our And $XXX With record as revenues year, a of $XXX some and take margins we provided for to middle of high of I the through In improvement were performance. adjusted quarter generated X% to me provided basis range year. of X%. EBITDA fourth point the and were of history. of
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our slowdown. to grew the entire the podcast our some X% revenues, and marketplace which the effects which Within year advertising not versus even podcasting immune digital and industry the The are grew advertising revenues, Group, prior Digital is certainly versus ex-podcast XX% macroeconomic year. impacting Audio of conditions prior
strong additional prior comps. our very also For context, against business podcasting some year was up
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content more new discussed positive expenditures, a rational terms a of behavior us. slow spending including deliberately avoided have behavior advertising at XXXX market the will perception trend continue entire to the across uneconomic market. behaviors to in marketplace a transition we’ve think to in going a toward be we and the pool With before. plan We’ve recent industry, this marketers industry Continuing ripple revealing to advertiser a their even engaging podcasting you as podcasting, increase podcasting an seems a with effect in whole, in that look through
our services streaming depth also beyond has just app, iHeartMedia iHeartRadio the of podcasting. our high-profile and assets digital
two XXX Americans a for visitors on-air influencers titles. out an across our marketplace, continue to Influencers month shows, hot our three important network advertising the and are and X,XXX broadcast XXXX, We websites local of have be reached unique And month. the iHeart in of stations, XX national million top our in talent every podcast over and influencers asset. our influencers
see we Roblox And million the visits terms hosted in Roblox Fall almost our has Considering Out Metaverse, quarter, times think challenges events. digital Fortnite environment, ways the our the three well performed engagement Boy a competing recent and going fourth the the and iHeartLand generated in the podcasting specifically and of concert XX concurrent with audience in improve we destinations on current to concrete of the on business industry in also lead forward. we macroeconomic performance but
spirit, comprises adjacent already certain is In We’ve believe and we revenue learned and revenue The of for they with our as QX. In commission in QX, targeting structures to early our Digital steps We us both growth QX seeing margins, Audio initiatives from negative that higher-margin increased realign initiated attractive sales those engine looking we’re focus a the we positive those impact margins attractive. and range retrospect, decisions growth through and during for growth streams. had start channels as Group of revenue incremental a this believe force’s for impact when look back we’ll very experience growth constantly emphasis and opportunities. on revenue have sales opportunities on digital a to growth the margin adjustments quarter. our and
was to which revenues versus prior networks adjusted XX.X%. our year. business. up the our events now quarter, EBITDA year, were margins and our Let’s X% includes Adjusted turn Group, down fourth broadcast EBITDA and were In X% prior Multiplatform radio versus
challenging recovers Our expand economic and the its again demonstrated has Multiplatform climate, to resiliency this economy revenue expect we the in adjusted the during follows. margins EBITDA which as generating low-XXs, Group
acquire. media the Our they at the broadcast more a messages percentage the can very U.S. Therefore, can reach certain core customers. than people with customers radio and who because is the people reach the is any assets Marketers This message, people alone convert reach other of in more they their important hear marketing. more company their of
and media our consumer silos. advantage The unparalleled reach businesses. compelling considering unified also own a together we’ve buying used huge also continues it benefit than in to is new for toward rather us all advertisers, to as and is planning, advertising our world move it So a to high-growth media build
this of but reach the broadcast personal and bought to to How radio planning scale unique traditionally media biases. has will decisions both agency relative and be offers, of a radio this each beneficiary under allocation human think the given instead broadcast advertiser, it have is beings shift iHeart’s for plays and out we data-driven making algorithms, been that historical
it to over to want this Before with thought. I you leave final I turn Rich,
all our to strangers to organizations. taking take environment history in time, and with and the current the to actions that appropriate upturn At continuing and are our coming steadfast advantage team broader no the We’re we an to navigate agility leadership I and economic Rich environment, in transform executing and same macroeconomic iHeart the leading recovery remain advertising. of given long position
well and laser-focused core operational the revenue and our invest growth industry prowess our leveraging deep profit scale, shareholder sales deploying to growth sheet expertise, flow and on We our cash our and seasoned long-term. balance are to as returns strong including over improve force deliver as strengths, in
And over to I’ll turn now Rich. it
