iHeartMedia: Is A Turnaround Occurring?

  • iHeartMedia's Q1 2025 revenues grew 1% to $807.1 million, outperforming peers amid industry-wide broadcast ad headwinds. Digital Audio Group revenues surged 16%, offsetting a 4.2% decline in the Multiplatform Group and signaling successful digital transformation. Management's growth initiatives and signs of national advertisers returning to the market suggest potential for solid full-year results, despite macroeconomic uncertainties.