Loading...
•
Dec 31, 2025
iHeartMedia Q4 2025 Earnings Report
iHeartMedia Q4 2025 Earnings Report
Key Takeaways
iHeartMedia reported a slight revenue increase of 0.8% in Q4 2025, driven by strong growth in the Digital Audio Group, particularly in podcasting. However, consolidated Adjusted EBITDA and operating income declined year-over-year, primarily due to lower political revenue compared to the 2024 presidential election year and increased operating expenses.
Digital Audio Group revenue grew 14.1% year-over-year, with Podcast revenue specifically increasing by 24.5%.
Multiplatform Group revenue declined 2.8% due to lower political advertising and broadcast spot revenue.
Free Cash Flow improved significantly to $137.6 million compared to a loss in the prior year period, aided by the timing of interest payments.
The company announced an additional $50 million in cost savings for 2026, bringing the total projected in-year savings to $100 million.
Revenue by Segment
Forward Guidance
For 2026, iHeartMedia expects to return to Adjusted EBITDA and Free Cash Flow growth, supported by cost savings and programmatic expansion.
Positive Outlook
- Q1 2026 revenue expected to increase high-single digits.
- Full Year 2026 Adjusted EBITDA target of approximately $800 million.
- Projected 2026 Free Cash Flow of approximately $200 million.
- Total Programmatic Revenue expected to reach $200 million, up 50%.
- Anticipated $100 million in cost savings for the full year 2026.
Challenges Ahead
- Net leverage expected to remain in the mid-fives by year-end 2026.
- Continued uncertain market conditions impacting broadcast advertising.
- Higher variable content costs expected to persist in digital segments.
- Absence of major political cycle revenue in non-election years.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...