iHeartMedia (NASDAQ:IHRT) Announces Quarterly Earnings Results

Posted by on Aug 10th, 2026

iHeartMedia (NASDAQ:IHRT – Get Free Report) issued its quarterly earnings data on Monday. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.26), FiscalAI reports.

Here are the key takeaways from iHeartMedia’s conference call:

  • Digital Audio continued to lead growth, with revenue up 12.4% and adjusted EBITDA up 14.5% year over year. Podcast revenue increased 20.7% to $162 million, while video podcast distribution through Netflix and Hulu was highlighted as an incremental growth opportunity.
  • The Multiplatform Group remained pressured, with revenue down 1.6% and adjusted EBITDA falling to $59 million from $96 million. Management cited macroeconomic uncertainty, including fuel costs, and non-cash co-marketing expenses as key factors, while working to improve broadcast-radio monetization through programmatic platforms.
  • iHeart reaffirmed its full-year targets of $800 million adjusted EBITDA and $200 million free cash flow, supported by expected strong political advertising, cost savings, podcast momentum, and roughly $200 million of programmatic revenue. Third-quarter guidance calls for mid-single-digit consolidated revenue growth and $180 million-$220 million of adjusted EBITDA.
  • The company ended the quarter with approximately $4.7 billion of net debt and $457 million of liquidity, including $125 million drawn under its ABL facility. Management expects to repay that borrowing by year-end and reduce full-year net leverage to the mid-fives, but the business remains highly leveraged.

iHeartMedia Trading Down 3.9%

NASDAQ IHRT traded down $0.15 during mid-day trading on Monday, reaching $3.71. 844,073 shares of the company’s stock traded hands, compared to its average volume of 945,116. iHeartMedia has a 1-year low of $1.59 and a 1-year high of $6.56. The company has a fifty day simple moving average of $3.94 and a 200-day simple moving average of $3.83. The company has a market cap of $560.77 million, a price-to-earnings ratio of -2.02 and a beta of 2.21.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of iHeartMedia in a research note on Friday, July 17th. Bank of America dropped their price target on shares of iHeartMedia from $6.00 to $5.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 7th. Two research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $4.25.

Get Our Latest Report on iHeartMedia

Hedge Funds Weigh In On iHeartMedia

Institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada grew its position in shares of iHeartMedia by 67.7% during the fourth quarter. Royal Bank of Canada now owns 8,368 shares of the company’s stock worth $36,000 after buying an additional 3,378 shares in the last quarter. Xponance LLC acquired a new stake in iHeartMedia in the fourth quarter valued at $46,000. Captrust Financial Advisors bought a new position in iHeartMedia during the 4th quarter valued at $47,000. Mercer Global Advisors Inc. ADV bought a new position in iHeartMedia during the 4th quarter valued at $52,000. Finally, CIBC Bancorp USA Inc. acquired a new position in iHeartMedia during the 3rd quarter worth $36,000. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

iHeartMedia Company Profile

(Get Free Report)

iHeartMedia, Inc (NASDAQ: IHRT) is a leading media and entertainment company specializing in radio broadcasting, digital streaming and live events. The company operates more than 860 full-power AM and FM radio stations across the United States, delivering music, news, sports and talk programming to local markets. Through its flagship digital platform, iHeartRadio, the company provides listeners with free and subscription-based access to thousands of live radio stations, curated music playlists and on-demand podcasts.

Originally founded in 1972 as Clear Channel Communications, the business rebranded to iHeartMedia in 2014 to reflect the growing importance of its digital and event-driven offerings.

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Earnings History for iHeartMedia (NASDAQ:IHRT)

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