iHeartMedia Inc at Bank of America Media, Communications & Entertainment Conference (Virtual) Transcript

Sep 13, 2021 / 06:20PM GMT
Jessica Jean Reif Ehrlich - BofA Securities, Research Division - MD in Equity Research

Good afternoon. I'm Jessica Reif Ehrlich, Senior Media and Entertainment Analyst at BofA Securities. It's a pleasure to welcome back by iHeartMedia, and to also have both Bob Pittman, Chairman and CEO; and Rich Bressler, COO and CFO. So welcome back to both of you. And I'll get ready to it.

Questions and Answers:

Jessica Jean Reif Ehrlich - BofA Securities, Research Division - MD in Equity Research

In your third quarter guidance, you forecast 20% revenue growth, despite seeing 26% growth in July and a very strong second quarter. We know from a comp perspective, you have political last year, which should be a headwind in the third quarter, but are there other issues that we should be thinking about or thinking about like the various segments for the current quarter?

Robert W. Pittman - iHeartMedia, Inc. - Chairman & CEO

Well, I think when you talk about the Q3, that is just a comp issue. As a matter of fact, if you take out
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