iHeartMedia Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 saw 4.7% revenue growth and strong digital performance, with podcasting up 20.7% and free cash flow turning positive. Guidance for the year remains robust, driven by political advertising and digital expansion.
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The meeting covered board introductions, four key proposals, and voting results, with all proposals—including director elections, auditor ratification, executive compensation, and an incentive plan amendment—approved. No shareholder questions were submitted.
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Q1 2026 revenue grew 9.6% year-over-year, with strong digital and podcasting gains, but Adjusted EBITDA was slightly below guidance due to non-cash marketing expenses and softer March advertising. Full-year guidance is reaffirmed, supported by cost savings and minimal cash taxes.
Fiscal Year 2025
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Q4 2025 revenue grew 0.8% year-over-year to $1.1 billion, with strong digital and podcasting momentum offsetting lower political revenue. Adjusted EBITDA was $220 million, and 2026 guidance calls for $800 million in EBITDA and $200 million in free cash flow, supported by cost savings and programmatic growth.
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Annual revenue is $4B, split between broadcast and digital, with podcasting as a key growth driver. Programmatic ad tech and partnerships are expanding digital monetization, while cost reductions and efficiency initiatives continue. Leverage reduction and free cash flow remain priorities.
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Q3 2025 saw flat Adjusted EBITDA and a slight revenue decline, but digital and podcasting segments posted strong double-digit growth. New partnerships with TikTok and Amazon aim to boost digital monetization, while cost savings and programmatic initiatives are expected to drive future profitability.
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Q2 2025 results exceeded expectations with revenue up 0.5% and adjusted EBITDA up 4% year-over-year. Digital Audio Group led growth, especially in podcasting, while cost savings and ad tech initiatives progressed. Guidance for Q3 reflects ongoing macro and ad market uncertainty.
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Q1 2025 revenue rose 1% year-over-year, led by 28% podcasting growth and strong digital audio margins, while multi-platform and audio services declined. Modernization initiatives delivered $27 million in cost savings, and full-year guidance depends on macro improvement.
Fiscal Year 2024
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Q4 2024 saw revenue and EBITDA growth, driven by digital and cost savings, despite political ad softness and macro uncertainty. Debt maturities were extended, and new digital initiatives launched. 2025 guidance is flat revenue, with margin expansion and strong podcast growth expected.
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Q3 2024 results met guidance, with 5.8% revenue growth and strong digital and podcast performance. Debt maturities were extended, cost savings initiatives accelerated, and full-year Adjusted EBITDA guidance was reduced to $750 million due to lower political ad spend.
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Q2 2024 results met or exceeded guidance, with revenue up 1% year-over-year and Adjusted EBITDA of $150 million. Digital and podcast segments showed strong growth, and political advertising is pacing 20% above the last cycle, supporting a robust outlook for the second half of 2024.