iHeartMedia Reports Q3 Revenue of $997 Million, Down 1.1%
iHeartMedia Inc. reported third quarter 2025 consolidated revenue of $997 million, a decrease of 1.1% compared to the same period in 2024. Excluding political revenue, revenue increased by 2.8%. The company recorded a GAAP operating loss of $116 million, compared to a GAAP operating income of $77 million in Q3 2024, impacted by $209 million in non-cash impairment charges related to FCC licenses. Consolidated Adjusted EBITDA was $205 million, unchanged from Q3 2024. Cash used for operating activities was $10 million, and free cash flow was negative $33 million. The cash balance as of September 30, 2025, was $192 million, with total available liquidity of $510 million. The Digital Audio Group reported revenue of $342 million, up 14.0% year over year, including podcast revenue of $140 million, up 22.0%. iHeartMedia announced new partnerships with Amazon Ads and TikTok during the quarter and outlined actions expected to generate $50 million in additional annual savings beginning in 2026.
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