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iHeartMedia (IHRT)
NASDAQ:IHRT
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.51Last Year’s EPS
-0.12Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -23.44%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Neutral
iHeartMedia showed strong performance in its Digital Audio and Podcasting divisions, successfully managing its financial structure through debt exchange and expanding its programmatic capabilities. However, these achievements were offset by a challenging advertising environment, lower than expected political ad revenues, and disruptions from the Los Angeles wildfires.Company Guidance
During the iHeartMedia Q4 2024 earnings call, the company provided guidance for the upcoming fiscal year, highlighting several key metrics. They expect full-year 2025 revenues to remain approximately flat compared to 2024, with adjusted EBITDA projected at around $770 million. Free cash flow is anticipated to reach approximately $200 million. The company aims to reduce its net debt to adjusted EBITDA ratio to approximately 5.5x by the end of 2025, maintaining a trajectory towards a 3.2x ratio by the end of 2028. For Q1 2025, consolidated revenues are expected to decline by low single digits year-over-year, with adjusted EBITDA ranging between $100 million and $110 million. The Digital Audio Group's revenues are forecasted to grow by low double digits, while the Multiplatform Group's revenues may decline by mid-single digits. Additionally, the Audio and Media Services Group's revenue is projected to decrease by about 15% due to the previous year's political advertising spend.Successful Debt Exchange
iHeartMedia completed a comprehensive exchange transaction, extending debt maturities by three years, maintaining flat annual cash interest expenses, and reducing overall debt.
Digital Audio Group Performance
The Digital Audio Group generated fourth-quarter revenues of $339 million, up 6.7% year-over-year, marking its best full-year performance with over $1.1 billion in revenue and approximately $380 million in adjusted EBITDA.
Podcasting Growth and Leadership
Podcast revenues grew 5.7% compared to the prior year. iHeart was ranked the number one podcast publisher in the U.S. and announced a partnership with Qatar to expand the podcasting industry in the Middle East and North Africa.
Audio and Media Services Group Growth
Revenues for the Audio and Media Services Group were $98 million, up 44.7% year-over-year, with adjusted EBITDA increasing by 136% from the prior year.
Expansion of Programmatic Advertising
iHeart's broadcast radio inventory will be available via Yahoo! DSP and Google's DV360, aligning broadcast assets with digital buying behavior.
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IHRT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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IHRT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $2.09 | $1.77 | -15.31% |
| Nov 07, 2024 | $1.74 | $2.18 | +25.29% |
| Aug 08, 2024 | $1.43 | $1.45 | +1.40% |
| May 09, 2024 | $2.16 | $1.38 | -36.11% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does iHeartMedia (IHRT) report earnings?
iHeartMedia (IHRT) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is iHeartMedia (IHRT) earnings time?
iHeartMedia (IHRT) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IHRT EPS forecast?
IHRT EPS forecast for the fiscal quarter 2025 (Q1) is -0.51.
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