iHeartMedia (IHRT) Company Report

iHeartMedia, Inc. entered into a Third Amendment to the Employment Agreement with Michael McGuinness on November 25, 2025.
Effective January 1, 2026, Mr. McGuinness will assume the role of Chief Financial Officer, reporting to the President & Chief Operating Officer, and his employment term is extended through June 30, 2030.
Also effective January 1, 2026, his annual salary will increase to $1.2 million, his annual bonus target to 150% of his base salary, and his annual long-term incentive grant will have a target grant-date fair value of $1.5 million.

4 days ago

8-K

iHeartMedia Reports Q3 2025 Results

IHRT

Earnings

Guidance Update

Demand Weakening

iHeartMedia reported a 1.1% year-over-year decline in Q3 2025 revenue to $997 million, missing growth expectations.
The company's GAAP loss widened to $66.3 million and its operating margin dropped sharply to -11.7% in Q3 2025 from 7.6% in the same quarter last year.
Free cash flow was negative $32.82 million in Q3 2025, down from positive $73.35 million in the prior year, indicating worsening cash generation.
iHeartMedia expects Q4 revenue to decline by low-single digits overall, but projects mid-single-digit revenue growth if excluding political advertising. The company is targeting $50 million in new annual cost savings by 2026.

Nov 11, 2025, 12:17 AM

Morningstar

iHeartMedia Reports Q3 2025 Results, Highlights Digital Audio Growth and Strategic Partnerships

IHRT

Earnings

Guidance Update

New Projects/Investments

iHeartMedia reported Q3 2025 consolidated revenue down 1.1% year-over-year, or up 2.8% excluding political impact, and adjusted EBITDA of $205 million, which was flat compared to the prior year and slightly above the midpoint of guidance.
The Digital Audio Group demonstrated strong performance, with revenue increasing 13.5% to $342 million and adjusted EBITDA rising 30.3% to $130 million, achieving 38.1% margins. Podcasting revenue, a key driver, grew 22.5% to $140 million.
The company remains on track to generate $150 million in net savings for 2025 and announced an additional $50 million in annual savings beginning in 2026.
For Q4 2025, iHeartMedia expects adjusted EBITDA to be in the range of $200 million to $240 million, with consolidated revenue projected to be down low single digits year-over-year, or up mid-single digits excluding political revenue.
Strategic initiatives include new partnerships with TikTok to enhance creator engagement and monetization, and with Amazon for programmatic audio, aiming to integrate broadcast inventory into digital buying platforms and drive future revenue growth.

Nov 10, 2025, 9:30 PM

Transcript

iHeartMedia, Inc. Reports Q3 2025 Financial Results

IHRT

Earnings

Guidance Update

Demand Weakening

iHeartMedia, Inc. reported Q3 2025 consolidated revenue of $997 million, a 1.1% decline year-over-year, but an increase of 2.8% when excluding political revenue.
The company recorded a GAAP operating loss of $116 million in Q3 2025, primarily due to $209 million in non-cash impairment charges related to FCC licenses.
Consolidated Adjusted EBITDA for Q3 2025 was $205 million, remaining flat compared to Q3 2024.
The Digital Audio Group's revenue grew 14% to $342 million, with Podcast revenue increasing 22% to $140 million. Conversely, the Multiplatform Group's revenue decreased 5% to $591 million.
For Q4 2025, iHeartMedia expects consolidated revenue to decline in the low-single digits (or increase in the mid-single digits excluding political revenue) and Consolidated Adjusted EBITDA to be approximately $200 million to $240 million.

Nov 10, 2025, 9:08 PM

8-K

iHeartMedia, Inc. Reports Q3 2025 Results

IHRT

Earnings

Guidance Update

Demand Weakening

iHeartMedia, Inc. reported Q3 2025 consolidated revenue of $997 million, representing a 1.1% decrease year-over-year, though revenue excluding political revenue increased by 2.8%.
The company recorded a GAAP operating loss of $116 million for Q3 2025, which included $209 million in non-cash impairment charges related to FCC licenses, while Consolidated Adjusted EBITDA remained flat at $205 million compared to Q3 2024.
The Digital Audio Group's revenue increased 14% to $342 million, and its Segment Adjusted EBITDA grew 30% to $130 million in Q3 2025.
For Q4 2025, iHeartMedia expects consolidated revenue to decline in the low-single digits (or increase in the mid-single digits excluding political revenue) and projects Consolidated Adjusted EBITDA to be approximately $200 million to $240 million.

Nov 10, 2025, 9:00 PM

Press Release

IHRT Partners with Miko and Invests in AI Companion Company

IHRT

New Projects/Investments

iHeartMedia announced a strategic partnership with Miko, a global leader in AI companions for kids, to introduce Miko’s emotionally intelligent robots into millions of homes across North America.
The partnership will utilize iHeartMedia's extensive reach, which engages over a quarter of a billion monthly listeners and 9 out of 10 Americans every month, across its broadcast radio, podcasts, digital platforms, and live experiences.
iHeartMedia is joining Miko's ongoing Series D funding round, reflecting strong investor confidence in Miko's market leadership and growth.
Miko, founded in 2015, recently expanded its market presence by going live across every Costco in North America.

Nov 10, 2025, 5:00 PM

Press Release

iHeartMedia and TikTok Announce Multiplatform Partnership

IHRT

New Projects/Investments

Product Launch

iHeartMedia and TikTok have launched a multiplatform partnership to integrate TikTok creators into iHeart's ecosystem.
This collaboration includes the creation of the TikTok Podcast Network, featuring up to 25 new podcasts hosted by TikTok creators, and a national broadcast and digital radio channel called TikTok Radio.
To support the podcast network, iHeartMedia is introducing new co-branded podcast studios in Los Angeles, New York, and Atlanta.
The partnership aims to expand the reach of TikTok creators and offers new opportunities for brands and sponsorships, creating a new line of business.

Nov 10, 2025, 4:00 PM

Press Release

iHeartMedia Partners with StackAdapt for Programmatic Audio Advertising

IHRT

New Projects/Investments

Product Launch

iHeartMedia has announced a new integration with StackAdapt, making its audio inventory, including broadcast radio, digital radio, streaming, and podcasts, programmatically available to advertisers through the StackAdapt platform.
This partnership simplifies audio planning and activation, allowing marketers to plan, forecast, buy, measure, and report on all audio channels within StackAdapt.
The integration provides advertisers with access to iHeartMedia's 278 million ad-supported listeners a month and enables targeting using first-party audience segments, behavioral data, or custom parameters.
The new integration is immediately available to StackAdapt clients across the United States.

Nov 10, 2025, 2:00 PM

Press Release

iHeartMedia Negotiates Exclusive Video Podcast Licensing with Netflix

IHRT

New Projects/Investments

Netflix is negotiating an exclusive deal with iHeartMedia to license video podcasts, aiming to challenge YouTube's dominance in the video podcast space.
Following news of these licensing talks, iHeartMedia's 2030 notes rallied 4.5 cents to 75.5 cents on the dollar, indicating investor optimism about the potential deal.
This strategic move could result in high-profile iHeartMedia video podcasts, including The Breakfast Club and Stuff You Should Know, being removed from free platforms.

Nov 3, 2025, 11:39 PM

Bloomberg

Earnings Transcripts

Quarterly earnings call transcripts for iHeartMedia.

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