iHeartMedia's Q1 2025 revenues grew 1% to $807.1 million, outperforming peers amid industry-wide broadcast ad headwinds. Digital Audio Group revenues surged 16%, offsetting a 4.2% decline in the Multiplatform Group and signaling successful digital transformation. Management's growth initiatives and signs of national advertisers returning to the market suggest potential for solid full-year results, despite macroeconomic uncertainties.
iHeartMedia, Inc. (NASDAQ:IHRT ) Q1 2025 Earnings Conference Call May 12, 2025 4:30 PM ET Company Participants Mike McGuinness - Head, Investor Relations Bob Pittman - Chairman and Chief Executive Officer Rich Bressler - President, Chief Operating Officer and Chief Financial Officer Conference Call Participants Stephen Laszczyk - Goldman Sachs Sebastiano Petti - J.P. Morgan Aaron Watts - Deutsche Bank Patrick Sholl - Barrington Research Operator Good afternoon.
IHeartMedia (IHRT) came out with a quarterly loss of $0.63 per share versus the Zacks Consensus Estimate of a loss of $0.47. This compares to loss of $0.12 per share a year ago.
7 May 2025 Date | | - Cons. EPS | - EPS |
26 Feb 2025 Date | | 0.37 Cons. EPS | 0.22 EPS |
7 Nov 2024 Date | | 0.02 Cons. EPS | - EPS |
8 Aug 2024 Date | | - Cons. EPS | - EPS |
6 Aug 2024 Date | | - Cons. EPS | - EPS |
7 May 2025 Date | | - Cons. EPS | - EPS |
26 Feb 2025 Date | | 0.37 Cons. EPS | 0.22 EPS |
7 Nov 2024 Date | | 0.02 Cons. EPS | - EPS |
8 Aug 2024 Date | | - Cons. EPS | - EPS |
6 Aug 2024 Date | | - Cons. EPS | - EPS |
Broadcasting Industry | Communication Services Sector | Mr. Robert W. Pittman CEO | NASDAQ (NGS) Exchange | 45174J509 Cusip |
US Country | 8,080 Employees | - Last Dividend | - Last Split | - IPO Date |
iHeartMedia, Inc. stands as a prominent audio media company, with a reach that extends both within the United States and internationally. The company is structured around three main operational segments: Multiplatform Group, Digital Audio Group, and Audio & Media Services Group. Initially known as CC Media Holdings, Inc., it underwent a rebranding to iHeartMedia, Inc. in September 2014. The change was more than nominal; it represented a strategic pivot towards embracing a wider range of digital and multimedia opportunities which the evolving media landscape made available. With its headquarters located in San Antonio, Texas, iHeartMedia, Inc. integrates traditional broadcast systems with modern digital technologies to cater to a diverse audience spectrum seeking various audio content forms, from radio broadcasts to podcasts and beyond.
This segment is dedicated to offering a wide spectrum of audio media services, including broadcast radio stations, sponsorships, and events – both live and virtual. It encapsulates Premiere Networks, a significant national radio network that engages in producing, distributing, or representing syndicated radio programs and services to affiliates. Furthermore, it provides critical real-time information services, such as traffic flow and incident reports, weather updates, and timely sports and news content.
Focusing on the digital landscape, this unit offers an expansive range of podcasting services, digital sites, newsletters, and programs. At the heart of this segment is the iHeartRadio platform, a comprehensive service that encompasses mobile and web-based access to a vast array of radio stations, digital-only stations, custom artist stations, and an extensive collection of podcasts, catering to a wide range of preferences and interests.
This segment embodies the company's media representation business, offering various scheduling and broadcast software and services that serve a broad audience. It includes RCS, a leading provider of broadcast software solutions for radio and television automation, music scheduling, newsroom automation, and advertising sales management. Additionally, this group offers advanced solutions such as disaster recovery, real-time audio recognition technology for broadcasters, and comprehensive media streaming and research services. These offerings cater to a wide array of clients, including radio and television stations, cable channels, record labels, advertisers, and agencies, further consolidating iHeartMedia, Inc.’s position as a comprehensive audio media services provider.