Group 1 - The media industry, particularly traditional broadcast radio companies, has faced significant challenges in recent years, exacerbated by the Covid-19 pandemic [1] - Prior to the pandemic, some companies in this sector appeared to be recovering from previous financial difficulties and were managing their debt loads effectively [1] Group 2 - The article does not provide specific financial data or performance metrics related to the companies discussed [2][3]

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -34.04%. A quarter ago, it was expected that this radio company would post earnings of $0.39 per share when it actually produced earnings of $0.76, delivering a surprise of 94.87%.Over the last four quarters, the company has s ...

iHeartMedia (IHRT) Q1 2025 Earnings Call May 12, 2025 04:30 PM ET Company Participants Mike McGuinness - Executive Vice President, Deputy Chief Financial Officer & Head of Investor RelationsBob Pittman - Chairman & CEORich Bressler - President, Chief Operating Officer & Chief Financial OfficerStephen Laszczyk - Vice PresidentPatrick Sholl - Vice President Conference Call Participants Sebastiano Petti - Senior Research AnalystAaron Watts - Managing Director, Media, Entertainment, Cable, & Satellite Credit An ...

iHeartMedia (IHRT) Q1 2025 Earnings Call May 12, 2025 04:30 PM ET Company Participants Mike McGuinness - Executive Vice President, Deputy Chief Financial Officer & Head of Investor RelationsBob Pittman - Chairman & CEORich Bressler - President, Chief Operating Officer & Chief Financial OfficerStephen Laszczyk - Vice PresidentPatrick Sholl - Vice President Conference Call Participants Sebastiano Petti - Senior Research AnalystAaron Watts - Managing Director, Media, Entertainment, Cable, & Satellite Credit An ...

Financial Data and Key Metrics Changes - In Q1 2025, the company generated adjusted EBITDA of $105 million, flat compared to the prior year, and consolidated revenue increased by 1% year-over-year, exceeding guidance of a low single-digit decline [5][11][13] - The consolidated direct operating expenses rose by 4.4%, primarily due to higher variable content costs associated with digital growth [12] - The company reported a GAAP operating loss of $25.4 million, an improvement from a loss of $34.7 million in the prior year [13][17] Business Line Data and Key Metrics Changes - The Digital Audio Group's revenue was $277 million, up 16% year-over-year, with adjusted EBITDA of $87 million, a 27.8% increase [6][14] - Podcast revenue within the Digital Audio Group grew by 28% year-over-year, significantly above guidance [6][15] - The Multi-Platform Group's revenue was $473 million, down 4.2% year-over-year, with adjusted EBITDA of $70 million, down 9.3% [7][16] - The Audio and Media Services Group's revenue decreased by 14.2% year-over-year to $59 million, with adjusted EBITDA down 33.3% [9][17] Market Data and Key Metrics Changes - iHeartMedia's share of advertising revenue in measured markets grew to 40%, indicating a strong position among national advertisers [8][9] - The company noted that the largest gains in advertising revenue came from professional services, tech and telco, beauty and fitness, and education, while declines were seen in restaurants, auto, gambling, and political categories [11][12] Company Strategy and Development Direction - The company is focused on leveraging new technologies, including programmatic and AI, to enhance operational efficiency and drive growth [4][5] - A modernization program is expected to generate $150 million in net savings in 2025, primarily through technology and AI [9][13] - The company aims to reignite growth in its broadcast radio business while maintaining leadership in podcasting [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the advertising marketplace, noting stable ad spend despite economic uncertainties [4][11] - The company anticipates Q2 2025 adjusted EBITDA in the range of $140 million to $160 million, with revenue expected to decline low single digits compared to the prior year [18] - Future guidance remains contingent on macroeconomic conditions improving in the latter half of the year [19] Other Important Information - The company reported a net debt of approximately $4.6 billion and total liquidity of $569 million, with a cash balance of $168 million [17] - Free cash flow for Q1 was negative $80.7 million, consistent with the prior year, but positive free cash flow is expected in the remaining quarters of 2025 [17] Q&A Session Summary Question: Insights on the advertising market and visibility - Management noted that larger advertisers are maintaining their spending, while small and medium-sized businesses are more affected by economic news [22][23] Question: Market share in terrestrial radio - Management highlighted that broadcast radio has more listeners than a decade ago, and the focus is on monetization through digital platforms [27][28] Question: Podcasting growth drivers - The company emphasized its strong podcast portfolio and audience, which continues to grow, contributing to revenue acceleration [35][38] Question: Cost savings and future opportunities - The $27 million in cost savings for Q1 was actual impact, with expectations of continued savings throughout the year [50][51] Question: Nielsen's updated ratings methodology - Management expressed optimism about Nielsen's efforts to capture more accurate listening data, which is crucial for advertising effectiveness [53][54] Question: Programmatic advertising adoption - Management indicated that while programmatic advertising is progressing, it has not yet materially impacted Premier Networks' performance [58][59]

Safe Harbor Statement First Quarter 2025 Investor Presentation May 12, 2025 NASDAQ: IHRT Forward Looking Language Certain statements in this presentation constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of iHeartMedia, Inc. and its subsidiaries (the "Company"), to be materially diffe ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _________ TO __________ Commission File Number 001-38987 IHEARTMEDIA, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporat ...

Financial Data and Key Metrics Changes - In Q4 2024, the company generated adjusted EBITDA of $246 million, an increase of 18.2% compared to the prior year [9][26] - Consolidated revenues for the quarter were up 4.8% year-over-year, but down 1.8% when excluding political impacts [10][24] - The company reported a GAAP operating income of $104.5 million, compared to $79.8 million in the prior year [26] - The net debt position at quarter end was approximately $4.52 billion, the lowest in the company's history, with total liquidity of $686 million [30][31] Business Line Data and Key Metrics Changes - The Digital Audio Group generated revenues of $339 million, up 6.7% year-over-year, contributing approximately 30% of total revenue [10][27] - The Multiplatform Group's revenues were $684 million, flat compared to the prior year, with adjusted EBITDA of $150 million, up 5.9% [15][29] - The Audio and Media Services Group saw revenues of $98 million, up 44.7% year-over-year, with adjusted EBITDA increasing 136% from $21 million in the prior year [19][29] Market Data and Key Metrics Changes - The company noted that broadcast radio has more listeners today than it did 20 years ago, maintaining strong audience reach compared to other media [17] - The Digital Audio Group's podcast revenues grew 5.7% year-over-year, with expectations for high teens growth in Q1 2025 [11][12] Company Strategy and Development Direction - The company completed a comprehensive exchange transaction that extended debt maturities by three years and reduced overall debt levels, enhancing financial flexibility [7][31] - The company is focused on modernizing operations, flattening the organization, and implementing cost-saving initiatives expected to generate $150 million in net savings [8][24] - The company aims to integrate broadcast radio inventory into programmatic platforms to align with digital buying behavior [21][22] Management Comments on Operating Environment and Future Outlook - Management expressed optimism for the year ahead despite economic uncertainties, including tariffs, inflation, and consumer confidence declines [33][34] - The company expects Q1 2025 adjusted EBITDA in the range of $100 million to $110 million, with revenues anticipated to be down low single digits compared to the prior year [36][38] - Full year 2025 guidance includes flat revenues compared to 2024 and adjusted EBITDA of approximately $770 million [38][39] Other Important Information - The company recorded $33.5 million in restructuring expenses in Q4, impacting free cash flow [32] - The company launched a redesigned iHeartRadio app, receiving positive feedback from listeners [14] Q&A Session Summary Question: How is the company thinking about monetizing broadcast listening going forward? - Management emphasized the importance of programmatic and automated buying to fit broadcast radio inventory into digital-centric buying systems [44][45][46] Question: Can you address the video podcasting opportunity? - Management noted that while there is interest in video podcasting, the majority of podcast users prefer audio, and the focus remains on delivering what consumers want [54][56][57] Question: What are the expected drivers of growth in the podcasting business this year? - Growth drivers include expanding product offerings, audience, value, and pricing, with continued demand for podcasting [82][83] Question: Why was political advertising revenue lower than expected? - Management indicated that political campaigns are becoming more data-driven, and the company is preparing to enhance its offerings for future political cycles [85][86]

Fourth Quarter 2024 Investor Presentation February 27, 2025 NASDAQ: IHRT Safe Harbor Statement Forward Looking Language Certain statements in this presentation constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of iHeartMedia, Inc. and its subsidiaries (the "Company"), to be materially ...

Core Insights - iHeartMedia reported quarterly earnings of $0.76 per share, significantly exceeding the Zacks Consensus Estimate of $0.39 per share, and showing a substantial increase from $0.09 per share a year ago, resulting in an earnings surprise of 94.87% [1] - The company generated revenues of $1.12 billion for the quarter ended December 2024, which was 4.15% below the Zacks Consensus Estimate, but an increase from $1.07 billion year-over-year [2] - iHeartMedia's stock has increased by approximately 14.7% since the beginning of the year, outperforming the S&P 500's gain of 1.3% [3] Earnings Outlook - The future performance of iHeartMedia's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook, including current consensus earnings expectations for upcoming quarters [4][6] - The current consensus EPS estimate for the next quarter is -$0.37 on revenues of $804.35 million, and for the current fiscal year, it is -$0.11 on revenues of $3.83 billion [7] Industry Context - The Broadcast Radio and Television industry, to which iHeartMedia belongs, is currently ranked in the top 34% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]