iHeartMedia, Inc. Reports Results for 2025 First Quarter

About this update from Iheartmedia, Inc.

[{"type":"text","content":" NEW YORK--(BUSINESS WIRE)--\niHeartMedia, Inc. (Nasdaq: IHRT) today reported financial results for the quarter ended March 31, 2025.\n\nFinancial Highlights:1\n\nQ1 2025 Consolidated Results\n\n\nQ1 Revenue of $807 million, up 1.0% (Excluding Q1 Political Revenue, Q1 Revenue up 1.8%)\n\n\nGAAP Operating loss of $25 million vs. $35 million in Q1 2024\n\n\nConsolidated Adjusted EBITDA of $105 million, flat compared to Q1 2024\n\n\nCash used for operating activities of $61 million\n\n\nFree Cash Flow of ($81) million\n\n\nCash balance and total available liquidity2 of $168 million and $559 million, respectively, as of March 31, 2025\n\n\nQ1 2025 Digital Audio Group Results\n\n\nDigital Audio Group Revenue of $277 million up 16%\n\n\nPodcast Revenue of $116 million up 28%\n\n\nDigital Revenue excluding Podcast of $161 million up 9%\n\n\n\n\nSegment Adjusted EBITDA of $87 million up 28%\n\n\nDigital Audio Group Adjusted EBITDA margin of 31.4%\n\n\n\n\nQ1 2025 Multiplatform Group Results\n\n\nMultiplatform Group Revenue of $473 million down 4%\n\n\nExcluding Multiplatform Group Q1 Political Revenue, Multiplatform Group Q1 Revenue down 3%\n\n\n\n\nSegment Adjusted EBITDA of $70 million down 9%\n\n\nMultiplatform Group Adjusted EBITDA margin of 14.8%\n\n\n\n\nGuidance\n\n\nQ2 Consolidated Revenue expected to decline low-single digits\n\n\nQ2 Consolidated Adjusted EBITDA3 expected to be approximately $140 million to $160 million\n\n\nStatement from Senior Management\n\n“We are pleased with our Q1 results given the uncertain environment in which we are operating now, and we think these results demonstrate the resilience and relevance of our products and the tremendous growth opportunity we have with our podcast business in particular.” said Bob Pittman, Chairman and CEO of iHeartMedia, Inc.\n\n“In the first quarter, we generated Adjusted EBITDA of $105 million, flat to prior year, consistent with our previously provided guidance, and our consolidated revenues for the quarter were up 1.0% compared to the prior-year quarter, above our guidance of down low-single digits, driven by the Digital Audio Group revenues and Adjusted EBITDA growth of 16% and 28% respectively.” said Rich Bressler, President, COO and CFO of iHeartMedia, Inc.\n\nConsolidated Results of Operations\n\nFirst Quarter 2025 Consolidated Results\n\nOur consolidated revenue i...

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