iHeartMedia(US:IHRT)2025-11-10 21:30Q3 2025 Financial Performance - Q3 Revenue was $997 million, a decrease of 1.1% year-over-year; excluding political revenue, revenue increased by 2.8%[10] - Consolidated Adjusted EBITDA was $205 million, flat compared to Q3 2024[10] - Digital Audio Group Revenue increased by 14% to $342 million, with Podcast Revenue up 22% to $140 million and Digital Revenue excluding Podcast up 8% to $202 million[10] - Multiplatform Group Revenue decreased by 5% to $591 million; excluding political revenue, Multiplatform Group Revenue decreased by 3%[10] Segment Performance - Digital Audio Group Adjusted EBITDA increased by 30% to $130 million, with a margin of 38.1%[10] - Multiplatform Group Adjusted EBITDA decreased by 8% to $119 million, with a margin of 20.2%[10] - Audio & Media Services Group Revenue decreased by 26% to $66.6 million[12] Q4 2025 Guidance and Savings Initiatives - Q4 Consolidated Revenue is expected to decline in the low-single digits, but excluding political impact, it's expected to increase in the mid-single digits[10] - Q4 Consolidated Adjusted EBITDA is expected to be approximately $200 million to $240 million[10] - The company is on track with its modernization program, expecting $150 million in net savings in 2025 and an additional $50 million in 2026, driven by technology and AI[36, 15] Debt and Liquidity - Cash balance and total available liquidity were $192 million and $510 million, respectively, as of September 30, 2025[10] - Net Debt was $4,673.8 million as of September 30, 2025[44]