NASDAQ$IHRT
iHeartMedia Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Reported financial results for the quarter, outperforming guidance with Digital driving performance and demonstrating sequential revenue improvement.
iHeartMedia, Inc. reported Q1 2021 financial results, showing revenue of $707 million, a 9.5% decrease year-over-year, but outperforming company guidance. Excluding political impacts, revenue was down 7%. The company's digital audio group saw significant growth, with revenues up 70% year-over-year. The company is confident it will be back to 2019 Adjusted EBITDA levels by the end of 2021.
- Q1 Revenue of $707 million, down 9.5% YoY; excluding the impact of Political, Q1 Revenue was down 7% YoY, surpassing the Company's guidance.
- GAAP Operating loss of $76 million compared to $1.7 billion in prior-year, which included $1.7 billion of impairment charges.
- Digital Audio Group Revenues were up 70% YoY, with Podcast Revenue up 142% YoY, and Digital Revenue excluding Podcast were up 55% YoY.
- iHeart remains the number one podcast publisher, leading the industry in downloads and unique listeners.
Headline financials
Revenue & EPS history
iHeartMedia · Revenue · Quarterly
$707M
Revenue by segment
iHeartMedia · $887M total across 3 segments · Q1 2026
- Multiplatform Group$493M—55.6%
- Digital Audio Group$327M—36.9%
- Audio & Media Services$66.6M—7.5%
Forward guidance
The Company Provides the Following Guidance: We remain confident that we will be back to 2019 Adjusted EBITDA levels by the end of 2021. April Revenues were up approximately 85% YoY, with Podcasting revenue up approximately 170%. We expect Q2 Revenues to be up approximately 65% YoY
Tailwinds
- Back to 2019 Adjusted EBITDA levels by the end of 2021
- April Revenues were up approximately 85% YoY
- Podcasting revenue up approximately 170%
- Expect Q2 Revenues to be up approximately 65% YoY
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q1 2021
-4.5%
Avg return
Earnings day
-5.9%
Avg return
5 days after
-2.2%
Avg return
30 days after
30%
8 / 27 earnings
Positive
+40.2%
Q3 2024
Best reaction
-39.8%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| Q1 2026 | -2.8% | -15.8% | -31.5% | |
| Q4 2025 | -5.5% | +4.5% | +1.6% | |
| Q3 2025 | -5.3% | -10.9% | +11.6% | |
| Q1 2025 | -4.0% | -3.9% | +24.0% | |
| Q4 2024 | -15.3% | -27.8% | -21.5% | |
| Q3 2024 | +40.2% | +37.4% | +50.0% | |
| Q2 2024 | -7.0% | -7.0% | +2.8% | |
| Q1 2024 | -39.8% | -41.7% | -42.1% | |
| Q4 2023 | -0.4% | -15.0% | -7.9% | |
| Q3 2023 | -22.7% | -19.2% | +1.9% | |
| Q2 2023 | -20.3% | -24.6% | -21.7% | |
| Q1 2023 | -2.5% | -18.4% | -31.0% | |
| Q4 2022 | -21.4% | -25.2% | -47.4% | |
| Q3 2022 | +2.7% | -7.7% | +0.1% | |
| Q2 2022 | -2.8% | -3.6% | -1.3% | |
| Q1 2022 | -16.8% | -24.9% | -31.5% | |
| Q4 2021 | +0.3% | +7.6% | -3.2% | |
| Q3 2021 | +3.6% | +7.5% | -0.6% | |
| Q2 2021 | -15.5% | -16.2% | -3.5% | |
| Q1 2021 | +13.1% | +12.8% | +17.9% | |
| Q4 2020 | -3.0% | +8.3% | +18.1% | |
| Q3 2020 | +9.6% | +14.2% | +39.5% | |
| Q2 2020 | -6.5% | +12.2% | +7.0% | |
| Q1 2020 | +5.7% | -3.3% | +60.3% | |
| Q4 2019 | -5.1% | -7.6% | -56.4% | |
| Q3 2019 | +2.2% | +10.5% | -1.6% | |
| Q2 2019 | -1.6% | -1.6% | +7.4% | |
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