Audio collosus iHeartMedia released Q2 earnings, and we see a familiar pattern: Strong digital audio revenue balancing other downward-moving revenue, resulting in a slight overall gain for the quarter.
“Our second quarter performance was solid and slightly ahead of our initial expectations.” — Bob Pittman, Chairman and CEO, iHeartMedia
The specifics:
- Digital Audio Group: +13%
- Multiplatform Group: -5%
- Consolidated Results: + 0.5%.
On the Operating Income line, iHeart reports $35 million, compared to a GAAP operating loss of $910 million in the previous Q2 (2024).
The Dollars
The following graph shows the year-over-year detailed results for the Digital Audio Group:
Looking at the MultiPlatform Group, Q2 earnings were over a half million dollars in Q2, slightly less than 2024’s second quarter. Same story for the six-month period ending June 30:
Detailed results sourced HERE.
