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Jun 30
iHeartMedia Q2 2025 Earnings Report
Estimated Revenue:$912M
-2.3% YoY
Estimated EPS:-$0.24
+20.6% YoY
Key Takeaways
iHeartMedia delivered a solid performance in Q2 2025, with consolidated revenue increasing by 0.5% year-over-year to $933.653 million, slightly exceeding guidance. Adjusted EBITDA reached $156.127 million, up 4% from the prior year and at the high end of the company's guidance range. The Digital Audio Group showed strong growth with a 13.4% revenue increase, driven by podcasting, while the Multiplatform Group experienced a 5.4% revenue decrease due to a decline in broadcast advertising.
Consolidated revenue for Q2 2025 increased by 0.5% year-over-year to $933.653 million, surpassing the company's guidance range.
Adjusted EBITDA for the quarter was $156.127 million, a 4% increase year-over-year, reaching the upper end of the previously provided guidance.
The Digital Audio Group's revenue grew significantly by 13.4% to $323.856 million, primarily fueled by a 28.5% increase in podcast revenue.
The Multiplatform Group's revenue decreased by 5.4% to $544.598 million, mainly due to a decline in broadcast advertising amidst uncertain market conditions.
iHeartMedia
iHeartMedia
iHeartMedia Revenue by Segment
Revenue by Segment
Multiplatform Group Revenue
CapyFin.comDigital Audio Group Revenue
CapyFin.comAudio & Media Services Group Revenue
CapyFin.com Forward Guidance
iHeartMedia provided guidance for Q3 2025, targeting consolidated revenue and Adjusted EBITDA. The company is also on track to achieve $150 million in net savings in 2025 from modernization initiatives.
Positive Outlook
- Q2 2025 Adjusted EBITDA was at the upper end of guidance, indicating strong operational performance.
- Consolidated revenue for Q2 2025 was above guidance, showing better-than-expected top-line performance.
- Digital Audio Group's revenue growth of 13.4% was slightly above guidance, highlighting continued strength in digital advertising.
- The company is on track to achieve $150 million in net savings in 2025 from modernization initiatives.
- Appointment of Lisa Coffey as Chief Business Officer is expected to drive ad tech platform development and integrated buying systems.
Challenges Ahead
- Multiplatform Group revenue decreased by 5.4% year-over-year, primarily due to a decline in broadcast advertising.
- Broadcast revenue specifically decreased by 7.0% year-over-year, driven by lower spot revenue.
- Sponsorship and Events revenue also saw a decrease of 6.7% year-over-year.
- Audio & Media Services revenue decreased by 3.3% year-over-year, partly due to lower political revenues compared to the prior presidential election year.
- Free Cash Flow was negative at ($13.176) million, compared to positive free cash flow in the prior year period.
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Key Statistics
Market Cap
$320M
P/E Ratio
-0.25
Sector
Consumer Services
Industry
Broadcasting
52-Week High
$2.59
52-Week Low
$0.966
Digital Audio Revenue Growth
13.4%
Podcasting Revenue Growth
28.5%
Broadcast Radio Revenue
$396M
Networks Revenue
$108M
Sponsorship and Events Revenue
$36.5M