Ken Silver's questions to iHeartMedia Inc (IHRT) leadership • Q2 2025
Question
Ken Silver of Stifel Financial Corp asked for clarification on the wide $40 million Q3 EBITDA guidance range, the expected net cost savings in Q3, the nature of a negative $10 million item on the EBITDA bridge, and any updates on programmatic advertising.
Answer
President, COO, and CFO Rich Bressler attributed the wide EBITDA range to potential revenue mix shifts between business segments and confirmed Q3 net cost savings are expected to be $40 million, in line with the annual plan. He identified the negative $10 million item as a non-material true-up for employee benefit costs. Chairman and CEO Bob Pittman stated that new Chief Business Officer Lisa Coffey will lead the monetization of their ad tech platform, which has already made progress integrating with demand-side platforms.