iHeartMedia
Runs broadcast radio, digital audio, podcasts, events, and media services for advertisers.
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Profile
Combines U.S. broadcast stations, national networks, iHeartRadio streaming, podcast publishing, events, and Katz/RCS services. The business grew from Clear Channel, relisted on Nasdaq after bankruptcy, and still depends on balancing traditional radio cash flow with digital audio growth and debt-service needs.
Operates a three-segment audio platform built around Multiplatform Group, Digital Audio Group, and Audio & Media Services Group. The footprint is concentrated in the United States, where owned radio stations, national networks, iHeartRadio, iHeartPodcasts, branded events, Katz representation, and RCS software give advertisers multiple audio channels.
The issuer traces back to Clear Channel and returned to Nasdaq through a direct listing after emerging from bankruptcy. Traditional broadcast remains the largest cash-generating base, while digital audio and podcasting provide the faster growth engine.
Execution depends on selling local and national advertising across radio, streaming, podcasts, events, and services. The balance sheet still carries meaningful leverage, so debt service and cost-savings programs shape operating flexibility.
Company facts
Categories
Key statistics
Year to date −33.6% · Average volume (30d) 641.1K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jan 9, 2026 | Goldman Sachs | Downgrade | Neutral | Sell | $4 | $3.50 |
| Nov 12, 2025 | Goldman Sachs | Reiterate | Neutral | $4 | ||
| Nov 12, 2024 | B of A Securities | Upgrade | Underperform | Neutral |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 10, 2026Q2 FY26 | −$0.28 | −$0.52 | −89.1% | $970.2M | $977.2M | +0.7% | −20.75% |
| May 11, 2026Q1 FY26 | −$0.49 | −$0.61 | −24.5% | $871.5M | $884.2M | +1.5% | −11.66% |
| Mar 2, 2026Q4 FY25 | $0.10 | $0.04 | −60.0% | $1.10B | $1.13B | +2.5% | −4.84% |
| Nov 10, 2025Q3 FY25 | −$0.01 | $0.63 | +6,400.0% | $1.10B | $997.0M | −9.3% | −5.91% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $807.1M | $933.7M | $997.0M | $1.13B | $884.2M | $977.2M | |
| Gross profit | $450.8M | $542.5M | $597.9M | $660.5M | $427.8M | $576.7M | |
| Operating income | −$25.4M | $35.4M | −$116.3M | $85.7M | $10.9M | $35.5M | |
| Net income | −$281.2M | −$83.5M | −$66.3M | −$41.9M | −$95.2M | −$82.4M | |
| Diluted EPS | −$1.84 | −$0.54 | −$0.43 | −$0.27 | −$0.61 | −$0.52 | |
| Gross margin | 55.9% | 58.1% | 60.0% | 58.6% | 48.4% | 59.0% | |
| Operating margin | -3.2% | 3.8% | -11.7% | 7.6% | 1.2% | 3.6% |
Fiscal years (4-quarter sums)FY21 $3.56B · FY22 $3.91B · FY23 $3.75B · FY24 $3.85B · FY25 $3.86B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $174.4M · Total debt $5.76B · Total assets $4.85B · Shareholders' equity −$2.01B
Dividends
No dividends on record.
Ownership
Shares outstanding 130.06M · Float 116.33M · 89.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Allianz Asset Management GmbH | 22.46M | 17.27% | 13F | May 11, 2026 |
| BlackRock, Inc. | 8.17M | 6.28% | 13F | May 13, 2026 |
| Deutsche Bank AG\ | 6.53M | 5.00% | 13G | May 13, 2026 |
| Charles Schwab Investment Management Inc | 5.69M | 4.38% | 13F | May 15, 2026 |
| Robert W. Pittman · director, officer: Chairman and CEO | 5.68M | 4.36% | Form 4 | May 20, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 9, 2026 | Robert W. Pittman | director, officer: Chairman and CEO | +16,349 | $2.97 |
| Mar 5, 2026 | Robert W. Pittman | director, officer: Chairman and CEO | +32,468 | $3.25 |
Peers
- Sirius XM
National audio platform spanning satellite, streaming, podcasts, and ad tech
- Spotify
Global streaming platform pressuring digital listening, podcasts, and ads
- Townsquare Media
Local broadcast and programmatic-digital peer outside top 50 markets
- Beasley Broadcast Group
Mid-market radio and digital-ad peer with events and podcast capabilities
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| iHeartMedia | $2.75 | −0.18% | $357.7M | — | — | 0.1 | +4.7% |
| Sirius XM | $28.48 | −0.25% | $9.62B | 11.2 | 9.1 | 1.1 | +1.0% |
| Spotify | $546.54 | −0.13% | $112.56B | 38.7 | 38.5 | 5.2 | +10.5% |
| Townsquare Media | $5.78 | +0.52% | $96.2M | — | 31.1 | 0.2 | −0.1% |
| Beasley Broadcast Group | $19.45 | −0.26% | $35.1M | — | — | 0.2 | −16.7% |
| Median | 25.0 | 31.1 | 0.7 | +0.5% |






