Iheartmedia ( (IHRT) ) has released its Q1 earnings. Here is a breakdown of the information Iheartmedia presented to its investors.
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iHeartMedia, Inc., a leading audio company in the United States, operates across multiple platforms including radio, digital, and events, with a strong presence in podcasting and digital audio services. In its first quarter of 2025, iHeartMedia reported a slight increase in revenue to $807 million, driven by significant growth in its Digital Audio Group, despite challenges in its Multiplatform Group. The company faced an operating loss of $25 million, though this was an improvement from the previous year. The Digital Audio Group showed robust performance with a 16% revenue increase and a 28% rise in podcast revenue, highlighting the growing demand for digital content. Conversely, the Multiplatform Group saw a decline in revenue due to reduced broadcast advertising. Looking ahead, iHeartMedia anticipates a slight decline in consolidated revenue for the next quarter but expects adjusted EBITDA to remain strong, reflecting confidence in its strategic focus on digital growth.