Thank you, Bob.
our with results, revenue first our ranges. notice that, as guidance results in through quarter provided mentioned, EBITDA you Bob take you'll adjusted I and previously As line XXXX were our
Our X.X% consolidated the a line X%. QX were down we provided down XXXX flat in with guidance year-over-year, revenues to
third-party by primarily Our the lower by consolidated variable on timing April iHeartRadio digital was content March digital year, were for higher direct X this XXXX last in which to XX operating related costs Music the Awards, of costs driven increase event related decrease the expenses costs, year partially and quarter. revenues. decreased lower to the X.X% offset This
for operating Our certain expenses iHeartRadio to decreased marketing of Music in consolidated the X.X% bonus costs and This quarter. the by We the a quarter of execution initiatives. lower increase GAAP by compared driven with a to connection lower $XX.X year million quarter. timing operating Awards the our incurred in variable in first cost XXXX due savings the GAAP expense, expense decrease SG&A an was of offset of prior $XX.X loss generated loss million partially
up EBITDA the in compared quarter prior range $XXX to $XX the million, we guidance $XXX XX% of and adjusted to Our million. first quarter million million year was within $XXX provided
a first QX highest the quarter consolidated were revenues. Audio company's for And of were X% segments. million, earnings Turning million, the performance EBITDA now year-over-year Group's the they margins XX.X%, The QX presentation our in $XX XX.X% Digital our digital group This increase our and adjusted $XXX Audio performances. segment quarter, the of reminder, slides up our was our EBITDA year-over-year, are XXX revenues a of up year-over-year the was there first history. to in Digital margin In on audio XX% comprise operating as and the points. Group's basis
million, of X.X% our or excluding XX% which XX.X% revenues revenues, Audio was were this year-over-year. improvement margins political. down substantial the were QX our multi-platform The and X.X%, EBITDA XX% year-over-year, $XXX $XX represents adjusted X.X% impact which EBITDA sequential XX.X%. Digital in Adjusted million, Group's XXXX. from down Group a year-over-year down digital podcasting the Group, The and down grew year-over-year Within year-over-year grew non-podcasting revenues, multi-platform
Group. Media adjusted from $XX up XX% prior & EBITDA $XX Audio year-over-year XX.X% Turning year. to $XX million, Revenues million, the Services the were in was up million and
debt political, was Group up revenues Media end, quarter had debt Services company. Excluding & outstanding, the net of the lowest were $X.XX our X.X%. the approximately position in which impact history Audio At the billion of we net of
total million $XXX was at Our quarter balance million. which a end, includes of liquidity cash $XXX
EBITDA ratio expect our Xx. of progress net And net we X.Xx. to approximately a debt XXXX, of quarter to ratio in Our to ending adjusted EBITDA adjusted make was towards goal debt
on have maintenance maturities and As XXXX. debt no covenants past calls, until May highlighted we material no
opportunistic proceeds structure. our surrounding senior have in discount opportunities of the outstanding continue meaningful XXX responding negative savings market to prior reduced This generating value, cash all and capital $XXX was of impact million of evaluating be flow par amount in negative we aggregate, million, $XXX of equity from their February. cash improvement at repurchased flow notes our quarter, annualized the to $XX significant earnings in a a And quarter. now both are In We senior interest $XXX notes free unsecured we has million, $XXX XXXX flow cash year accretion. and in from free resulting million an unsecured cash in cash excludes our of to BMI XXX first positive million free In approximately the the approximately our of to million. stake billion $X.XX developments aggregate a sale the the received that from QX $XX our
remaining cash reminder, of flow quarters is low in XXXX. a QX cash point As and the positive will in the we each our seasonal in flow free for year, generate free
particularly for reminder, our robust flow and which cycle, help and the expect fuel year is benefit advertising, a QX. we upfront cash free flow QX which, paid in also cash generate Our election as the will presidential generation, to political will from free
for QX. outlook Turning now our to
our expect to revenues QX year-over-year. be XXXX flat We approximately
the still closing be revenues X.X%. April, expect down of are We month but to
for the Turning individual segments to QX.
Audio expect up the Group's single digits. Digital be We high revenues to
multi-platform expect a and Group Audio down down low we the Group's QX, Media revenues expect the improvement revenue digits, digits. mid-single single be be from to We and to sequential Services
generate in $XXX in second million to EBITDA to range the compared million $XXX year prior of We to million expect adjusted $XXX the quarter. quarter
For our in iHeartRadio last and occurred on year. the associated and added event, year production timing usual this which on through will We marketing including to in have Hulu. recognized not the due we of Music revenue with Fox streamed flow of the this QX expense awards costs are when QX Awards, and quarter, the
affecting full flow. some the of to items Turning free cash our year
EBITDA XX% to adjusted We expect be our of cash taxes XXXX. in approximately
to full expenditures for to is expenses Our XXXX optimize Cash be we our opportunities growth. restructuring million. new approximately organization continue estimate be expected approximately will capital on execute and to million of year year efficiency $XX as this $XXX
the and to the significant generate we election political business look throughout as broader continue signs ahead, improvement expect result advertising presidential we mentioned, Bob our to a we as As revenues cycle. And marketplace. of of see
currently Bob $XXX half that we the context, million early election approximately team, and revenue to performance. of see want most when work cycle our On in expect back who significant of are the improvement and for to the entire our a the thank political comes we I an as Although full revenues EBITDA members deliver year day. year-over-year year partners presidential iHeart adjusted XX% to pacing With year their last generated behalf for revenue. of our in management political team XXXX communities, full advertising our of every than political higher indicator, our
turn Now you. over take it your questions. will the we operator Thank to to
