What guidance did iHeartMedia's management provide for the next earnings period?

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What were the key takeaways from iHeartMedia's earnings call?

What is the market's earnings forecast for iHeartMedia next quarter?

Did iHeartMedia beat or miss consensus estimates last quarter?

What were the key takeaways from iHeartMedia’s earnings call?

What is iHeartMedia's latest dividend and current dividend yield?

What is iHeartMedia's gross profit margin?

- **Revenue Growth**: Q4 DAG revenue up 14.1% to $387M, podcast revenue +24.5% to $174M. Full year 2026 EBITDA target $800M, free cash flow $200M.
- **Programmatic Expansion**: 2026 programmatic revenue target $200M (+50% YoY), with broadcast radio integration in Amazon DSP. 
- **Cost Efficiency**: $100M in-year cost savings for 2026, net leverage ratio to improve to mid-5x.
- **Political Upside**: 2026 non-presidential cycle expected to drive $80M+ political revenue, offsetting MPG headwinds.
- **Video Podcast Momentum**: Netflix partnerships and video podcast growth to expand monetization beyond audio.

**【CEO Summary Section】**
- **Overall Performance**: Q4 2025 adjusted EBITDA of $220M (midpoint of guidance range), up 14.1% in Digital Audio Group (DAG) revenue to $387M. Excluding political ads, consolidated revenue grew 7.7% YoY.
- **Podcast Growth**: Podcast revenue reached $174M (+24.5% YoY), with 47% generated by local sales force. EBITDA margins for DAG at 34.1%, targeting mid-30s for full year.
- **Multiplatform Group (MPG)**: Revenue $665M (-2.8% YoY), EBITDA $129M (-14.2% YoY) due to prior year political ad benefits. Focus on programmatic, integrated sales, and audience resilience.
- **Market Outlook**: Ad market healthy, 2026 expected to be strong non-presidential election year with $200M programmatic revenue target (+50% YoY).

**【CFO Financial Commentary】**
- **Q4 Financials**: GAAP operating income $86M, free cash flow $138M (vs. -$24M YoY). Net debt $4.5B, liquidity $640M.
- **Cost Savings**: $100M in-year cost reductions for 2026, including $50M new savings starting Q2. Free cash flow guidance $200M, net leverage ratio to improve to mid-5x.
- **Segment Performance**: DAG EBITDA $132M (+10.7% YoY), MPG EBITDA $129M (-14.2% YoY). Audio & Media Services Group revenue $79M (-19.3% YoY) due to prior year political ads.
- **Guidance**: FY2026 adjusted EBITDA $800M, programmatic revenue $200M. Q1 2026 revenue up high single digits YoY, EBITDA $100M.

**【Q&A Highlights】**
- **Cost Savings Cadence**: $12.5M/Q1, $28M/Q2+, with noncash marketing expenses offsetting programmatic investments.
- **Political Ad Assumptions**: 2026 as strong non-presidential cycle, with Texas and other races driving early momentum.
- **Programmatic Milestones**: Amazon DSP integration for broadcast radio in H2 2026, targeting $200M programmatic revenue.
- **Podcast Growth Drivers**: Local sales force expansion, adjacent radio audience, and content flywheel effect. Video podcast partnerships with Netflix to expand monetization opportunities.
- **Margin Outlook**: DAG EBITDA margins stable at mid-30s, MPG returning to growth via programmatic and cost efficiency.

iHeartMedia, Inc.(IHRT)-20260303-2025 Q4 Earnings call transcript

- **Digital Audio Dominance**: Q3 podcast revenue up 22.5% to $140M, 50% from local sales, with programmatic seen as 'new podcast business'. 
- **Broadcast Renaissance**: Radio listenership at 10-year high, with Amazon DSP integration and 83% ad response uplift cited. 
- **Cost Efficiency**: $150M+ annual savings achieved, +$50M 2026 cuts targeting Multiplatform Group. 
- **Partnership Payoff**: TikTok deal to drive cross-platform monetization, with 2025 Jingle Ball expansion. 
- **Political Outlook**: 2026 cycle expected to generate $83M+ in political revenue, up from $83M in 2024.

**【CEO Summary Section】**
- Q3 adjusted EBITDA of $205 million, flat year-over-year, with consolidated revenue down 1.1% to $933 million (up 2.8% excluding political). 
- Digital Audio Group revenue grew 13.5% to $342 million, driven by podcast revenue up 22.5% to $140 million (50% from local sales). 
- Announced TikTok partnership for podcast slate, dedicated radio station, and cross-platform monetization. 
- Broadcast radio listenership at 10-year high, with focus on programmatic monetization via Amazon DSP. 
- $50 million incremental cost savings announced for 2026, targeting Multiplatform Group efficiency.

**【CFO Financial Commentary】**
- Q3 GAAP operating loss of $116 million (vs. $77 million prior year), with $209 million FCC license impairment. 
- Free cash flow negative $33 million (vs. $73 million prior year), due to timing of political revenue, noncash marketing, and working capital. 
- 2025 cost savings of $150 million achieved, with $40 million benefit in Q3. 
- Q4 guidance: EBITDA $200-240 million (vs. $246 million prior year), revenue down low single digits (mid-single digits ex-political). 
- Podcasting expected to grow low 20s for full year, programmatic seen as new growth driver.

**【Q&A Highlights】**
- **Podcast Growth**: 23% YTD growth, $30 million+ Q4 podcast revenue increase. Local sales driving 50% of podcast ad revenue. 
- **Programmatic**: Broadcast inventory to be added to Amazon DSP in 2026, with programmatic viewed as 'new podcast business'. 
- **Ad Market**: Strong momentum from top advertisers, broadcast radio's renaissance driven by WPP study showing 83% uplift with radio in campaigns. 
- **Cost Management**: $50 million 2026 savings to benefit Multiplatform Group, with focus on AI and tech modernization. 
- **Political 2026**: Expected strong cycle, leveraging audio tech stack for incremental share.

iHeartMedia, Inc. (IHRT) Q3 2025 Earnings Call Transcript

- **Q2 EBITDA Beats Guidance**: $156 million (4% YoY growth), driven by 13.4% Digital Audio Group revenue rise.
- **Podcasting Dominance**: 28.5% YoY podcasting revenue growth, 33.2% EBITDA margins, 50% local sales contribution.
- **Cost Savings Acceleration**: $67 million YTD towards $150 million target, $40 million/month Q3+ savings run rate.
- **Ad Tech Breakthrough**: New Chief Business Officer to monetize broadcast radio programmatic buying platform.
- **Multiplatform Recovery Signals**: Top 50 advertisers up 4% YoY, top 4 agencies up 14% YoY.

**【CEO Summary Section】**
- Q2 2025 adjusted EBITDA of $156 million, up 4% YoY, at the upper end of guidance range.
- Consolidated revenue $1.03 billion, up 0.5% YoY (1.5% ex-political), driven by Digital Audio Group growth.
- Digital Audio Group revenue $324 million (+13.4% YoY), with podcasting revenue $134 million (+28.5% YoY) and EBITDA margins 33.2%.
- Multiplatform Group revenue $545 million (-5.4% YoY), but top 50 advertisers up 4% YoY, signaling recovery.
- $150 million net cost savings target on track, with $67 million achieved YTD.
- Lisa Coffey appointed Chief Business Officer to accelerate ad tech monetization.

**【CFO Financial Commentary】**
- GAAP operating income $35.4 million vs. prior year loss of $909.7 million (due to 2024 impairment charges).
- Q3 2025 adjusted EBITDA guidance $180-220 million (vs. $205 million prior year), reflecting political ad decline.
- Digital Audio Group Q3 revenue expected +high single digits, podcasting +low 20s.
- Free cash flow negative $13 million Q2, net debt $4.6 billion (6.5x EBITDA).
- $40 million net savings Q2, with $40 million/month run rate for Q3+.

**【Q&A Highlights】**
- **Podcasting vs. Streaming Growth**: Podcasting EBITDA margins accretive to company, 50% of podcast revenue from local sales (vs. 14% 2020).
- **Ad Tech Progress**: New ad tech platform enabling broadcast radio programmatic buying, with Lisa Coffey leading monetization efforts.
- **Market Uncertainty**: Q3 EBITDA range widened to $180-220 million due to macro volatility, but top advertisers showing resilience (+14% YoY for top 4 agencies).
- **Cost Savings Execution**: $40 million/month net savings target achievable, with disciplined expense management across segments.

iHeartMedia, Inc. (IHRT) Q2 2025 Earnings Call Transcript

- **Digital Audio Dominance**: Podcast revenue surged 28% YoY, with EBITDA margins hitting 31.4%, solidifying iHeartMedia as U.S. podcasting leader.
- **Radio Revival**: Broadcast radio market share rose to 40%, with national ad revenue growing 2.1% YoY, signaling recovery.
- **Cost Efficiency**: $150M annual savings from modernization, with $27M realized in Q1, offsetting macro uncertainty.
- **Q2 Outlook**: Adjusted EBITDA guidance of $140-160M reflects cautious optimism, with podcasting growth expected to outpace 20% YoY.
- **Competitive Edge**: Unique combination of broadcast promotion, ad tech, and scale defends against YouTube's video podcasting push.


**【CEO Summary Section】**
- Q1 2025 revenue grew 1% YoY to $759 million, driven by Digital Audio Group's 16% YoY growth. Adjusted EBITDA remained flat at $105 million, in line with guidance.
- Digital Audio Group: Podcast revenue up 28% YoY to $116 million, with EBITDA margins expanding to 31.4% (vs. 28.5% prior year). Non-podcast digital revenue grew 8.7%.
- Multiplatform Group: Broadcast radio revenue down 4.2% YoY, but Premiere Broadcast Networks grew 2.1% YoY, signaling national advertiser recovery.
- Company-wide modernization initiative on track to deliver $150M net savings in 2025, with $27M realized in Q1.

**【CFO Financial Commentary】**
- GAAP operating loss narrowed to $25.4M (vs. $34.7M prior year). Free cash flow negative $80.7M (seasonal low for Q1).
- Segment Performance:
  - Digital Audio Group: Revenue $277M (+16% YoY), EBITDA $87M (+27.8% YoY).
  - Multiplatform Group: Revenue $473M (-4.2% YoY), EBITDA $70M (-9.3% YoY).
  - Audio & Media Services: Revenue $59M (-14.2% YoY), EBITDA $16M (-33.3% YoY).
- Q2 2025 Guidance: Adjusted EBITDA $140-160M vs. $150M prior year. Digital Audio Group revenue +low double digits, Podcasting +low 20s YoY.

**【Q&A Highlights】**
- **Ad Market Sentiment**: National advertisers stable, small businesses cautious. Positive macro news (e.g., tariff resolution) may boost Q2 pacing.
- **Market Share**: iHeartRadio now captures 40% of U.S. radio ad spend (vs. 38% prior year), driven by scale, ad tech, and modernization.
- **Podcast Competition**: YouTube's video-first approach doesn't directly compete with audio-centric podcasting. iHeartMedia's 1,000-person salesforce and broadcast promotion engine give unique advantages.
- **Cost Flexibility**: Modernization initiatives provide $150M annual savings runway. Additional cost cuts possible if macro weakens, but management prioritizes growth investments.


iHeartMedia (IHRT)-12 May 25-2025 Q1 Earnings call transcript

- **Debt Restructuring Boosts Flexibility**: Extended debt maturities and reduced net debt, enabling $150M annual cost savings.
- **Podcasting Dominance**: 2024 revenue up 10%, with Q4 growth 6%, solidifying leadership in U.S. and global markets.
- **Broadcast Radio Innovation**: Programmatic ad integration launching Q1 2025, targeting 2026+ revenue impact.
- **2025 Outlook**: Flat revenue, $770M EBITDA, $200M free cash flow, with Q1 EBITDA guidance of $100-110M.
- **Risks**: Political ad uncertainty, economic headwinds, and L.A. wildfire recovery challenges.

**【CEO Key Highlights】**
- **Debt Restructuring Success**: Extended debt maturities by 3 years, reduced net debt, and maintained flat annual interest expense, enhancing financial flexibility.
- **Cost Efficiency**: Achieved $200M annual cost savings (net $150M after add-backs), driving 2024 Digital Audio Group revenue to $1.1B and EBITDA to $380M.
- **Podcasting Dominance**: Q4 podcast revenue grew 6%, with 2024 full-year growth of 10%, solidifying leadership with 3x downloads of the nearest competitor.
- **Broadcast Radio Resilience**: 5x listening share of closest competitor, with programmatic ad integration set to launch in Q1 2025 on Yahoo! DSP and Google DV360.

**【CFO Financial Breakdown】**
- **Q4 2024 Results**: Adjusted EBITDA $246M (+18.2% YoY), revenue $1.12B (+4.8% YoY), despite $24M free cash flow hit from debt restructuring.
- **Segment Performance**: 
  - *Digital Audio Group*: $339M revenue (+6.7%), $119M EBITDA (+2.1%).
  - *Multiplatform Group*: $684M revenue (flat YoY), $150M EBITDA (+5.9%).
  - *Audio Services Group*: $98M revenue (+44.7%), $49M EBITDA (+136%).
- **2025 Guidance**: Flat revenue, $770M EBITDA, $200M free cash flow, targeting 5.5x net debt/EBITDA ratio.

**【Q&A Key Takeaways】**
- **Programmatic Growth**: Broadcast radio inventory to enter programmatic in Q1 2025, with meaningful impact expected post-2025.
- **Video Podcasting**: Minimal consumer demand (10%), focusing on audio-first strategy with high-margin podcasting growth.
- **Wildfire Impact**: Q4 L.A. disruption limited, with Q1 2025 EBITDA guidance of $100-110M vs. $105M prior year.
- **Political Ad Challenges**: 2024 shortfall due to post-election spending pause; 2025 midterms require enhanced data-driven approach.


Actual			-0.38	-1.32	-0.22	0.3	-1.65	-0.22	0.02	0.76	-0.33	0.1	-2.09	0.54	-1.5	-5.93	-0.06	0.09	-0.12	-6.5	-0.27	0.205	-1.84	-0.54	-0.43	0.125
Forecast			-0.2489	-0.7088	-0.1688	0.285	-0.5	-0.1378	0.0913	0.5129	-0.2725	0.0838	0.2013	0.4471	-0.74	-0.19	-0.0713	0.02	-0.562	-0.312	0.008	0.37	-0.518	-0.2725	-0.01	0.105
Surprise	0.00%	0.00%	-52.67%	-86.23%	-30.33%	+5.26%	-230.00%	-59.65%	-78.09%	+48.18%	-21.10%	+19.33%	-1138.25%	+20.78%	-102.70%	-3021.05%	+15.85%	+350.00%	+78.65%	-1983.33%	-3475.00%	-44.59%	-255.21%	-98.17%	-4200.00%	+19.05%

IHRT

IHRT fundamentals

IHRT Q4 2025 Earnings

Earnings Call

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IHRT

IHRT fundamentals

IHRT Q4 2025 Earnings

Earnings Call

IHRT Earnings Call Summary for Q4/20254:30 PM on Mar 2, 2026

IHRT Earnings Call Summary for Q3/20254:30 PM on Nov 10, 2025

IHRT Earnings Call Summary for Q2/20254:30 PM on Aug 11, 2025

IHRT Earnings Call Summary for Q1/20254:30 PM on May 12, 2025

IHRT Earnings Call Summary for Q4/20244:30 PM on Feb 27, 2025

You can ask Aime