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

Dow Jones

May 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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