IHRT · NASDAQ · Broadcasting

iHeartMedia

Runs broadcast radio, digital audio, podcasts, events, and media services for advertisers.

$2.75
After-hours close−0.00 (−0.18%)
At close$2.76(+2.42%)
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Profile

iHeartMedia, Inc.IHRTCommunication Services

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

CEORobert W. Pittman
ListedJul 18, 2019
ExchangeNASDAQ
HeadquartersSan Antonio, TX
CountryUnited States
Employees9,550
CIK0001400891
ISINUS45174J5092

Key statistics

Market cap$357.7M
EPS (ttm)−$1.83
P/E (ttm)−1.50
ROE15.1%
P/B−0.2157
P/S0.0897
Dividend yield
Beta1.70vs XLC 0.58

Year to date −33.6% · Average volume (30d) 641.1K

Analysts

Price target, next 12 months$4.25+54.5%Median of 10 analysts · vs the Aug 28 close
ConsensusBuy4 of 10 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

DateFirmActionPrior ratingRatingPrior targetTarget
Jan 9, 2026Goldman SachsDowngradeNeutralSell$4$3.50
Nov 12, 2025Goldman SachsReiterateNeutral$4
Nov 12, 2024B of A SecuritiesUpgradeUnderperformNeutral

Earnings

EPS

Estimate−$0.03
ReportedDue Nov 9, 2026

Revenue

Estimate$1.05B
ReportedDue Nov 9, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext 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%
View details

Financial highlights

12 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 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 margin55.9%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

Broadcast Radio$397.6M · 41%
Digital Non-Podcast$200.8M · 21%
Digital Podcast$162.1M · 17%
Networks$103.7M · 11%
Audio And Media Services$78.7M · 8%
Sponsorship And Events$30.5M · 3%
Other$3.8M · 0%

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

Institutions 71.86%93.47M sharesInsiders 10.79%14.04M sharesOther 17.35%22.56M shares

Shares outstanding 130.06M · Float 116.33M · 89.5% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
Allianz Asset Management GmbH22.46M17.27%13FMay 11, 2026
BlackRock, Inc.8.17M6.28%13FMay 13, 2026
Deutsche Bank AG\6.53M5.00%13GMay 13, 2026
Charles Schwab Investment Management Inc5.69M4.38%13FMay 15, 2026
Robert W. Pittman · director, officer: Chairman and CEO5.68M4.36%Form 4May 20, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Mar 9, 2026Robert W. Pittmandirector, officer: Chairman and CEO+16,349$2.97
Mar 5, 2026Robert W. Pittmandirector, officer: Chairman and CEO+32,468$3.25
View details

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

CompanyPriceChange
iHeartMedia$2.75−0.18%$357.7M0.1+4.7%
Sirius XM$28.48−0.25%$9.62B11.29.11.1+1.0%
Spotify$546.54−0.13%$112.56B38.738.55.2+10.5%
Townsquare Media$5.78+0.52%$96.2M31.10.2−0.1%
Beasley Broadcast Group$19.45−0.26%$35.1M0.2−16.7%
Median25.031.10.7+0.5%