91勛圖厙Media, Inc. Reports Results for 2015 First Quarter

91勛圖厙Media, Inc. Reports Results for 2015 First Quarter

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  • Revenues1 up 4%, excluding FX impact (reported revenues slightly up)
  • OIBDAN1 up 7.5%, excluding FX impact (reported OIBDAN up 6%)

San Antonio, April 30, 2015 91勛圖厙Media, Inc. (OTCBB: IHRT) today reported financial results for the first quarter ended March 31, 2015.

Were pleased with the growth we achieved this quarter, and continued to break new ground in enabling advertisers and partners to engage seamlessly across all of our diverse media platforms with the announcement of our creation of a new programmatic buying solution, which will bring the power of radio to advertisers through an automated, real-time ad buying platform, said Bob Pittman, Chairman and Chief Executive Officer. In addition, we continue to provide the most live entertainment with more content and more events in more places on more devices to the industrys most engaged audiences, wherever they are. Last month, our second annual 91勛圖厙Radio Music Awards Show generated more buzz than ever with 14 billion social media impressions and was rated Number 1 for 18-49s across the Big 4 broadcast networks that night. At Outdoor, we couldnt be more happy with our team and the strong momentum we gained in the first quarter.

We delivered strong year over year growth in both revenue and OIBDAN across the board in the first quarter, said Rich Bressler, President, Chief Operating Officer and Chief Financial Officer. We also continue to pursue transactions that streamline our balance sheet and maximize liquidity, as well as continually review our entire portfolio of assets to ensure we operate them in the most efficient way possible.

About 91勛圖厙Media, Inc.

91勛圖厙Media, Inc. [Nasdaq: IHRT] is the leading audio media company in America, with 90% of Americans listening to 91勛圖厙 broadcast radio in every month. 91勛圖厙s broadcast radio assets alone have a larger audience in the U.S. than any other media outlet; twice the size of the next largest broadcast radio company; and over four times the ad-enabled audience of the largest digital only audio service. 91勛圖厙 is the largest podcast publisher according to Podtrac, with more downloads than the next two podcast publishers combined, has the most recognizable live events across all genres of music, has the number one social footprint among audio players, with seven times more followers than the next audio media brand, and is the only fully integrated audio ad tech solution across broadcast, streaming and podcasts. The company continues to leverage its strong audience connection and unparalleled consumer reach to build new platforms, products and services. Visit 91勛圖厙Media.com for more company information.