iHeartMedia Inc
NASDAQ:IHRT
iHeartMedia Inc
iHeartMedia, Inc. engages in the provision of media and entertainment services. The company is headquartered in San Antonio, Texas and currently employs 9,180 full-time employees. The company went IPO on 2019-05-06. The firm operates through two sectors: the music collection sector and the companionship sector. The firm operates through three segments: the Multiplatform Group, the Digital Audio Group and the Audio & Media Services Group. The Multiplatform Group segment provides media and entertainment services through broadcast delivery and also includes the Company’s events and national syndication businesses. The Digital Audio Group segment provides media and entertainment services through digital delivery. The Audio & Media Services Group segment provides other audio and media services, including the Company’s media representation business (Katz Media) and its provider of scheduling and broadcast software (RCS). Its iHeartRadio services are available across more than 250 platforms and over 2,000 devices, including smart speakers, digital auto dashes, tablets, wearables, smartphones, virtual assistants, televisions and gaming consoles.
iHeartMedia, Inc. engages in the provision of media and entertainment services. The company is headquartered in San Antonio, Texas and currently employs 9,180 full-time employees. The company went IPO on 2019-05-06. The firm operates through two sectors: the music collection sector and the companionship sector. The firm operates through three segments: the Multiplatform Group, the Digital Audio Group and the Audio & Media Services Group. The Multiplatform Group segment provides media and entertainment services through broadcast delivery and also includes the Company’s events and national syndication businesses. The Digital Audio Group segment provides media and entertainment services through digital delivery. The Audio & Media Services Group segment provides other audio and media services, including the Company’s media representation business (Katz Media) and its provider of scheduling and broadcast software (RCS). Its iHeartRadio services are available across more than 250 platforms and over 2,000 devices, including smart speakers, digital auto dashes, tablets, wearables, smartphones, virtual assistants, televisions and gaming consoles.
Revenue Performance: Consolidated revenue declined 1.1% year-over-year, but was at the high end of guidance and up 2.8% excluding political advertising.
Digital & Podcast Growth: Digital Audio Group revenue rose 13.5%, with podcast revenue up 22.5%, both ahead of expectations.
Profitability: Adjusted EBITDA was $205 million, flat to last year and slightly above the midpoint of guidance.
Cost Savings: Company remains on track for $150 million in net savings for 2025 and announced an additional $50 million in annual savings starting in 2026.
Free Cash Flow: Free cash flow was negative $33 million in Q3, but management expects meaningful positive free cash flow in Q4.
Guidance: Q4 revenue expected down low single digits (up mid-single digits excluding political), with adjusted EBITDA forecast between $200 million and $240 million.
Programmatic Advances: Announced new programmatic audio partnerships, including with Amazon, and launched a partnership with TikTok involving podcast content and a national broadcast station.
Ad Market: Management sees continued advertiser strength among top clients and agencies, and expects a strong political ad cycle in 2026.
