newsfilter
← Latest News
Business Wire·

iHeartMedia, Inc. Reports Results for 2026 Third Quarter

IHRT
  • iHeartMedia reported Q3 2026 consolidated revenue of $1.03 billion, a 3.3% increase year-over-year, or 0.9% excluding political revenue.
  • GAAP operating income for the quarter was $73 million, compared to a $116 million loss in Q3 2025.
  • Consolidated Adjusted EBITDA was $170 million, down from $205 million in the prior year period.
  • Free cash flow for the quarter was negative $10 million, an improvement from negative $33 million in Q3 2025.
  • The Digital Audio Group generated $389 million in revenue, up 14%, driven by a 24% increase in podcast revenue to $174 million.
  • The Multiplatform Group saw revenue decline 5% to $562 million, with segment Adjusted EBITDA falling 43% to $68 million.
  • The Audio & Media Services Group revenue rose 23% to $82 million, with segment Adjusted EBITDA increasing 66% to $37 million.
  • The company expects to establish podcasting as a separate reporting segment in 2027.
  • Q4 2026 guidance projects consolidated revenue to increase mid-single digits with Adjusted EBITDA between $135 million and $185 million.
  • Full-year 2026 guidance anticipates consolidated Adjusted EBITDA of $550 million to $600 million and total programmatic revenue of approximately $200 million.
  • Cash balance was $140 million with total available liquidity of $416 million as of September 30, 2026.
  • Total debt stood at $5.02 billion, resulting in net debt of $4.68 billion.
  • The company plans to generate approximately $400 million in total programmatic revenue in 2027.