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

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

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

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

What does iHeartMedia do and what are its main business segments?

What factors drove the changes in iHeartMedia's revenue and profit?

Did iHeartMedia beat or miss consensus estimates last quarter?

What is the revenue and EPS growth rate for iHeartMedia year over year?

- **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.

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