IHeartMedia 1Q Revenue Rises on Demand for Digital, Podcast Advertising

Dow Jones
05/12

By Kelly Cloonan

 

IHeartMedia logged higher revenue in its latest quarter, helped by growing demand for digital and podcast advertising.

The streaming media and radio company on Monday narrowed its first-quarter loss to $95.2 million, compared with a loss of $281.2 million in the year-ago quarter.

Revenue rose 9.6% to $884.2 million, compared with analyst estimates of $871.5 million.

Digital audio revenue climbed 18% to $327.1 million, driven by higher demand for digital and podcast advertising. Multiplatform revenue ticked up 4.3% to $493.5 million, primarily due to an increase in non-cash trade revenue resulting from strategic marketing initiatives, the company said.

For the current quarter, the company expects a low-single-digit increase in revenue. Analysts forecast revenue of $996.9 million, or up about 6.8% from the year-ago quarter.

The company also said it's now aiming for additional savings on top of its previously announced target of $100 million in 2026, with a new initiative that it expects to save another $50 million on an annualized basis beginning in the second half of the year.

 

Write to Kelly Cloonan at kelly.cloonan@wsj.com

 

(END) Dow Jones Newswires

May 11, 2026 16:23 ET (20:23 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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