IHeartMedia outlines 2027 $400M programmatic revenue plan as Q4 adjusted EBITDA guidance targets $135M-$185M

What happened: iHeartMedia outlined a 2027 plan targeting $400M in programmatic revenue, with Q4 adjusted EBITDA guidance of $135M to $185M. Q3 consolidated revenue came in below prior guidance. Key numbers: Q3 revenue $1.03 billion, up 3.3% year over year. Q4 adjusted EBITDA guidance $135M to $185M. 2027 programmatic revenue target $400M. Why it matters: Management attributed the Q3 shortfall to radio-facing pressures, while pointing to the programmatic plan and Q4 EBITDA range as forward targets.

iHeartMedia outlined a 2027 plan targeting $400M in programmatic revenue, with Q4 adjusted EBITDA guidance of $135M to $185M. Q3 consolidated revenue came in below prior guidance.

Management attributed the Q3 shortfall to radio-facing pressures, while pointing to the programmatic plan and Q4 EBITDA range as forward targets.