iHeartMedia Stock Soars 20.16% on Q1 Earnings Beat

iHeartMedia's stock surged 20.16% in pre-market trading on May 13, 2025, driven by strong first-quarter earnings and positive market sentiment.

iHeartMedia reported a 1% increase in consolidated revenue for Q1 2025, surpassing their guidance of a low-single-digit growth. The company's revenue for the quarter was $807 million, which exceeded analysts' projections of $787.36 million. This growth was driven by a 16% revenue increase in the Digital Audio Group and a 28% rise in podcast revenue, highlighting the growing demand for digital content.

Despite the positive revenue growth, the company's adjusted EBITDA remained flat in Q1. However, the strong performance in the digital segment and the overall revenue beat have boosted investor confidence in the company's future prospects. The company's earnings per share (EPS) for the quarter was $1.84, which was in line with analysts' expectations.