iHeartMedia Q2 revenue beats estimates

iHeartMedia

11/08/2025 21:09

Overview

iHeartMedia Q2 revenue up 0.5%, beating analyst expectations, per LSEG data

Adjusted EBITDA for Q2 rises 3.9% to $156 mln, beating analyst expectations, per LSEG data

Digital Audio Group revenue up 13% driven by 28% growth in podcast revenue

Outlook

Company expects Q3 consolidated revenue to decline low-single digits

iHeartMedia anticipates Q3 revenue excluding political to rise low-single digits

Company forecasts Q3 adjusted EBITDA between $180 mln and $220 mln

Result Drivers

DIGITAL AUDIO GROWTH - Digital Audio Group revenue rose 13% driven by increased demand for digital and podcast advertising

MULTIPLATFORM DECLINE - Multiplatform Group revenue fell 5.4% due to decreased broadcast advertising amid uncertain market conditions

COST SAVINGS - SG&A expenses decreased 4.3% due to cost-saving initiatives, including reduced employee compensation costs

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$934 mln
$912.40 mln (4 Analysts)
Q2 Adjusted EBITDA
Beat
$156 mln
$151.60 mln (3 Analysts)
Q2 Free Cash Flow
-$13 mln
Q2 Operating Income
$35 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the broadcasting peer group is "hold"

Wall Street's median 12-month price target for iHeartMedia Inc is $1.58, about 1.6% below its August 8 closing price of $1.60

Press Release: ID:nBwc6MsWga

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)