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Sep 30
iHeartMedia Q3 2025 Earnings Report
Estimated Revenue:$940M
-11.5% YoY
Estimated EPS:$0.03
100.0% YoY
Key Takeaways
iHeartMedia reported a slight decrease in consolidated revenue by 1.1% year-over-year to $997.0 million, but an increase of 2.8% excluding political revenue. Adjusted EBITDA remained stable at $204.8 million. The Digital Audio Group showed strong growth with revenue up 13.5% and Adjusted EBITDA up 30.3%, while the Multiplatform Group and Audio & Media Services Group experienced revenue declines, primarily due to lower political advertising compared to the prior presidential election year.
Consolidated revenue decreased by 1.1% year-over-year to $997.0 million, but increased by 2.8% when excluding political advertising revenue.
Adjusted EBITDA remained relatively flat at $204.8 million, slightly above the midpoint of guidance.
The Digital Audio Group demonstrated robust growth with revenue increasing by 13.5% to $341.7 million and Adjusted EBITDA rising by 30.3% to $130.3 million.
The Multiplatform Group and Audio & Media Services Group saw revenue declines of 4.6% and 26.0% respectively, largely impacted by lower political advertising revenue compared to the prior year.
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 anticipates generating $150 million in net savings in 2025 and an additional $50 million in annual savings starting in 2026 through modernization initiatives and the use of new technologies like AI. The company is also focused on strategic partnerships to expand its advertising reach and unlock value from its assets.
Positive Outlook
- On track to achieve $150 million net savings in 2025.
- New actions taken will generate an additional $50 million in annual savings beginning in 2026.
- New relationship with Amazon Ads will provide advertisers access to iHeart's audio portfolio.
- New TikTok partnership will integrate TikTok creators into iHeart’s ecosystem.
- Commitment to exploring new ways to unlock value from unparalleled assets and maximize unique market position.
Challenges Ahead
- Forecasting Adjusted EBITDA on a non-GAAP basis to GAAP metrics is difficult due to inherent uncertainties in quantifying significant items.
- Continued uncertain market conditions impacting broadcast advertising.
- Cyclical nature of political revenue can lead to year-over-year declines in non-election years.
- Increased contractual interest rates on debt due to a debt exchange transaction in Q4 2024.
- Reliance on advertising revenues makes the company susceptible to global economic or political uncertainty.
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Key Statistics
Market Cap
$611M
P/E Ratio
-0.48
Sector
Consumer Services
Industry
Broadcasting
52-Week High
$4.68
52-Week Low
$0.966
Digital ex. Podcast Revenue Growth
8%
Podcast Revenue Growth
22.5%
Broadcast Radio Revenue
$427M
Networks Revenue
$114M
Sponsorship and Events Revenue
$45.5M