iHeartMedia Q1 Revenue Climbs 5% to $1.05 B, Digital Ads Surge 14%
iHeartMedia’s Q1 revenue rose 5.0% year-over-year to $1.05 billion, led by a 14% jump in digital ad sales to $183 million while radio ad revenue remained flat. Adjusted EBITDA climbed 7% to $268 million, free cash flow reached $125 million, and full-year guidance was reaffirmed.
1. Q1 Financial Performance
iHeartMedia reported first-quarter revenue of $1.05 billion, a 5.0% increase versus Q1 2025. Adjusted EBITDA rose 7% to $268 million, and free cash flow improved to $125 million, reflecting ongoing cost efficiencies.
2. Segment Results
Digital ad sales topped $183 million, up 14% year-over-year, driven by high streaming engagement and targeted campaigns. Traditional radio advertising held steady, with flat revenue as macroeconomic conditions tempered spend.
3. Outlook and Commentary
Management reaffirmed full-year revenue and EBITDA guidance, citing strong listener metrics and continued digital monetization. Leadership noted potential H2 advertising headwinds but emphasized ongoing margin improvements and cash generation.