How did IHRT's Q4 earnings surprise impact annual performance?

iHeartMedia's (IHRT) Q4 earnings surprise had a significant impact on its annual performance, resulting in a substantial loss for the year 2024. 1. **Q4 Earnings Surprise**: - IHRT reported an EPS surprise of -$0.17 for Q4 2024. - This negative surprise indicates that the company's actual performance for the quarter was significantly worse than what analysts had anticipated. |code|Ticker|Name|Date|Net Income YoY|Net Income|market_code| |---|---|---|---|---|---|---| |IHRT|IHRT.O|iHeartMedia|2024 Q1|91.85655886995589|-1.8108E7|185| |IHRT|IHRT.O|iHeartMedia|2024 Q2|-11.212799354913237|-9.81989E8|185| |IHRT|IHRT.O|iHeartMedia|2024 Q3|-360.7537072137362|-4.1325E7|185| |IHRT|IHRT.O|iHeartMedia|2024 Q4|128.46511627906975|3.1928E7|185| 2. **Annual Net Income**: - Despite the Q4 earnings surprise, the company's annual net income for 2024 was -$1.01 billion. - This annual loss suggests that the company faced considerable challenges over the year, with Q4's performance being part of a broader trend of declining profitability. In conclusion, the Q4 earnings surprise contributed to IHRT's annual net income being in the negative, reflecting a difficult period for the company.