IHRT
iHeartMedia, Inc.4.5400
+0.1300+2.95%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A adds cost, Q1 details
Q&A largely reaffirmed prepared remarks on digital momentum and Multiplatform drivers, but clarified Q1 EBITDA pressures from tiny seasonal base and noncash programmatic timing versus revenue gains. Management detailed $100M 2026 cost savings cadence: $12.5M Q1, $28M quarterly after. Podcasts benefit from flywheel scale and broadcast synergies; video podcasting emerges as incremental upside via Netflix promotion. No bombshells. Analysts pressed on political; execs expect robust midterm without specifics. Confident tone persists—watch Multiplatform EBITDA inflection and programmatic ramp to $200M.
Key Stats
Market Cap
681.72MP/E (TTM)
-Basic EPS (TTM)
-2.58Dividend Yield
0%Recent Filings
10-K
FY2025 results
iHeartMedia posted FY2025 revenue of $3.9B, up 0.3% y/y, with Digital Audio surging 14% to $1.3B on podcast (up 26%) and streaming strength, offsetting Multiplatform's 4% drop to $2.3B from soft broadcast amid macro headwinds and post-election lulls. Q4 momentum tilted digital while broadcast stabilized via trade deals, but no granular quarterly splits disclosed. Adjusted EBITDA dipped 3% to $686M; free cash flow flipped positive at $11M (derived). Net debt ~$4.5B with $640M liquidity cushions $509M '26 debt service. Macro uncertainty crimps ad spend, threatening quarterly momentum.
8-K
Digital revenue surges, EBITDA guides up
iHeartMedia posted Q4 revenue of $1,127 million, up 0.8% YoY, with Digital Audio surging 14% to $387 million on 25% podcast growth, while Multiplatform dipped 3% amid post-election lulls. Adjusted EBITDA fell 10.5% to $220 million; full-year hit $686 million. Digital powers ahead. 2026 guides ~$800 million Adjusted EBITDA, $200 million Free Cash Flow.
8-K
CFO promotion and pay hike
iHeartMedia amended Michael McGuinness's employment agreement on November 25, 2025, promoting him to Chief Financial Officer effective January 1, 2026, reporting to President and COO Richard Bressler. The deal extends his term through June 30, 2030, with salary rising to $1.2 million, bonus target to 150% of base, and annual long-term incentives targeting $1.5 million grant-date fair value. Leadership continuity locked in.
10-Q
Q3 FY2025 results
iHeartMedia's Q3 revenue dipped 1.1% y/y to $997M as Multiplatform fell 4.6% on lower political and broadcast ads, yet Digital Audio surged 13.5% to $342M on podcast strength. Operating loss of $116M stemmed from $208.5M FCC license impairment, while net loss widened to $66M ($0.43/share) from interest; taxes cushioned via OBBBA benefits. Cash fell to $192M, but $510M liquidity holds with $317M ABL availability after $100M draw. Digital offsets broadcast woes. Debt covenants met.
8-K
Q3 revenue dips, digital shines
iHeartMedia posted Q3 revenue of $997M, down 1.1% YoY but up 2.8% excluding political; Adjusted EBITDA held flat at $205M despite $209M FCC license impairments driving GAAP operating loss. Digital Audio surged 14% to $342M with 38.1% margins, offsetting Multiplatform's 5% drop. Q4 Adjusted EBITDA guides $200M-$240M. Digital powers resilience.
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