Radio broadcaster iHeartMedia Q3 revenue beats estimates, helped by digital audio growth

iHeartMedia

10/11/2025 21:10

Overview

iHeartMedia Q3 revenue down 1.1% (Excluding Q3 Political Revenue, Q3 Revenue up 2.8%), beats analyst expectations

Adjusted EBITDA for Q3 beats consensus, remaining flat year-over-year

Company reports GAAP operating loss due to $209 mln non-cash impairment charges

Outlook

iHeartMedia expects Q4 consolidated revenue to decline low-single digits

Q4 Consolidated Revenue excluding the impact of Political expected to increase in the mid-single digits

iHeartMedia projects Q4 Adjusted EBITDA between $200 mln and $240 mln

Result Drivers

DIGITAL AUDIO GROWTH - Digital Audio Group revenue up 13.5% driven by increased demand for digital and podcast advertising

MULTIPLATFORM DECLINE - Multiplatform Group revenue down 4.6% due to lower political revenues and decreased broadcast advertising

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$997 mln
$980.05 mln (4 Analysts)
Q3 Adjusted EBITDA
Beat
$205 mln
$200.47 mln (4 Analysts)
Q3 Free Cash Flow
-$33 mln
Q3 Operating Income
-$116 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 "buy."

Wall Street's median 12-month price target for iHeartMedia Inc is $2.13, about 117.9% below its November 7 closing price of $4.63

Press Release: ID:nBw87BY5Xa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)