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iHeartMedia Inc
NASDAQ:IHRT

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iHeartMedia Inc
NASDAQ:IHRT
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Price: 3.28 USD 2.5% Market Closed
Market Cap: $474.9m

iHeartMedia Inc
Investor Relations

iHeartMedia, Inc. engages in the provision of media and entertainment services. The company is headquartered in San Antonio, Texas and currently employs 9,180 full-time employees. The company went IPO on 2019-05-06. The firm operates through two sectors: the music collection sector and the companionship sector. The firm operates through three segments: the Multiplatform Group, the Digital Audio Group and the Audio & Media Services Group. The Multiplatform Group segment provides media and entertainment services through broadcast delivery and also includes the Company’s events and national syndication businesses. The Digital Audio Group segment provides media and entertainment services through digital delivery. The Audio & Media Services Group segment provides other audio and media services, including the Company’s media representation business (Katz Media) and its provider of scheduling and broadcast software (RCS). Its iHeartRadio services are available across more than 250 platforms and over 2,000 devices, including smart speakers, digital auto dashes, tablets, wearables, smartphones, virtual assistants, televisions and gaming consoles.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Mar 2, 2026
AI Summary
Q4 2025

Revenue: iHeart reported Q4 consolidated revenue of $1.1 billion, up 0.8% year‑over‑year and above guidance; excluding political it was up 7.7%.

Profitability: Q4 adjusted EBITDA at the midpoint was $220 million versus $246 million a year ago (2024 benefited from ~ $80 million of political revenue).

Digital strength: Digital Audio Group (DAG) revenue was $387 million, up 14.1%, with podcast revenue $174 million (up 24.5%) and DAG EBITDA of $132 million (34.1% margin).

Broadcast recovery plan: Multiplatform Group (MPG) revenue was $665 million, down 2.8% but up 2.3% excluding political; management expects MPG to return to EBITDA growth in 2026.

2026 guidance: Full‑year adjusted EBITDA roughly $800 million and free cash flow about $200 million; programmatic revenue target ~$200 million (up ~50% vs $135 million in 2025).

Balance sheet & cash: Q4 free cash flow was $138 million ($158 million including certain real estate proceeds); year‑end net debt ~ $4.5 billion and net leverage 6.6x.

Cost actions: Company achieved $150 million of net cost savings in 2025 and is implementing $100 million of in‑year cost reductions for 2026 (half starts benefiting in Q2).

Key Financials
Consolidated revenue (Q4 2025)
$1.1 billion
Consolidated revenue excluding political (Q4 2025)
up 7.7%
Adjusted EBITDA (Q4 2025, midpoint)
$220 million
Digital Audio Group revenue (Q4 2025)
$387 million
Digital Audio Group adjusted EBITDA (Q4 2025)
$132 million
Digital Audio Group EBITDA margin (Q4 2025)
34.1%
Podcast revenue (Q4 2025)
$174 million
Non‑podcast digital revenue (Q4 2025)
$213 million
Multiplatform Group revenue (Q4 2025)
$665 million
Multiplatform Group adjusted EBITDA (Q4 2025)
$129 million
Multiplatform Group EBITDA margin (Q4 2025)
19.4%
Audio & Media Services Group revenue (Q4 2025)
$79 million
Audio & Media Services adjusted EBITDA (Q4 2025)
$31 million
Free cash flow (Q4 2025)
$138 million
Free cash flow including certain real estate proceeds (Q4 2025)
$158 million
EBITDA to free cash flow conversion (Q4 2025)
approximately 70%
Net debt (year‑end 2025)
approximately $4.5 billion
Total liquidity (year‑end 2025)
$640 million
Cash balance (year‑end 2025)
$271 million
Net debt-to-adjusted-EBITDA ratio (year‑end 2025)
6.6x
Q1 2026 adjusted EBITDA guidance
approximately $100 million
Full‑year 2026 adjusted EBITDA guidance
approximately $800 million
Full‑year 2026 programmatic revenue target
$200 million
2026 in‑year cost reductions
$100 million
Interest expense assumption (2026)
approximately $440 million
Cash taxes assumption (2026)
approximately 5% of adjusted EBITDA
Capital expenditures (2026)
approximately $90 million
Cash restructuring expenses (2026)
approximately $50 million
January 2026 revenue trend
January revenue was up approximately 1% year‑over‑year
Earnings Call Recording
Other Earnings Calls

Management

Mr. Robert W. Pittman
Chairman & CEO
No Bio Available
Mr. Richard J. Bressler
President, COO, CFO & Director
No Bio Available
Mr. Scott D. Hamilton C.P.A.
Senior VP, Chief Accounting Officer & Assistant Secretary
No Bio Available
Mr. Michael B. McGuinness CPA
Executive VP of Finance, Deputy CFO & Head of Investor Relations
No Bio Available
Ms. Jordan R. Fasbender
Executive VP, General Counsel & Secretary
No Bio Available
Ms. Wendy Goldberg
Executive VP & Chief Communications Officer
No Bio Available
Ms. Gayle Troberman
President, Marketing and Chief Marketing Officer
No Bio Available
Mr. Joseph C. Robinson
President of Corporate Development & Ventures
No Bio Available
Mr. Jeff Howard
President of National Sales
No Bio Available
Ms. Michele Laven
Chief Human Resources Officer & Chief Diversity Officer
No Bio Available

Contacts

Address
TEXAS
San Antonio
20880 Stone Oak Pkwy
Contacts
+12108222828.0
www.iheartmedia.com
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