IHRT · iHeartMedia, Inc.
Price & Indicators
Up next
AI Brief
Q2 FY26 earnings call · Aug 10, 2026TL;DR. iHeartMedia beat Q2 revenue and the midpoint of its adjusted EBIT guidance on Digital Audio Group strength, but Multiplatform Group revenue and adjusted EBITDA declined, and full-year 2026 Adjusted EBITDA guidance was set at approximately $800 million with Free Cash Flow of approximately $200 million.
- + Q2 consolidated revenue rose 4.7% to $977 million, above guidance of up low single digits. new
- + Podcast revenue grew 20.7% to $162 million and iHeart expanded video podcast distribution to Netflix and Disney's Hulu. new
- + Q2 free cash flow was $46 million versus negative $13 million in the prior year quarter, and the $450 million ABL facility maturity was extended to January 30, 2029. new
- − Consolidated Adjusted EBITDA of $152 million was down 2.9% versus the prior year quarter's $156 million despite revenue growth. new
- − Management cited macroeconomic uncertainty, including gas and diesel prices and the Middle East conflict, as a drag on Multiplatform Group revenue. new
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Strong SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Audio & Media Services Group Adjusted EBITDA margin non-GAAP | 45.6% | Q2 2026 | — |
| Audio & Media Services Group Segment Adjusted EBITDA non-GAAP | 36.66M | Three Months Ended June 30, 2026 | — |
| Consolidated Adjusted EBITDA non-GAAP | $152M | Q2 2026 | — |
|
|
|||
| Digital Audio Group Adjusted EBITDA margin non-GAAP | 33.8% | Q2 2026 | — |
|
|
|||
| Digital Audio Group Revenue | $364M | Q2 2026 | +12.4% |
|
|
|||
| Digital Audio Group Segment Adjusted EBITDA non-GAAP | $123M | Q2 2026 | — |
|
|
|||
| Digital Revenue excluding Podcast | $202M | Q2 2026 | — |
| Free Cash Flow non-GAAP | $46M | Q2 2026 | — |
|
|
|||
GAAP → non-GAAP reconciliationGAAP Cash provided by operating activities 64.88M
-18.93M Purchases of property, plant and equipment
= Free cash flow 45.95M
|
|||
| Multiplatform Group Adjusted EBITDA margin non-GAAP | 10.9% | Q2 2026 | — |
|
|
|||
| Multiplatform Group Revenue | $536M | Q2 2026 | -1.6% |
|
|
|||
| Multiplatform Group Segment Adjusted EBITDA non-GAAP | $59M | Q2 2026 | — |
|
|
|||
| Podcast Revenue | $162M | Q2 2026 | +20.6% |
|
|
|||
| Total available liquidity | $457M | as of June 30, 2026 | — |
| Total capital expenditures | $18.93M | Three Months Ended June 30, 2026 filing | — |
| Total Segment Adjusted EBITDA non-GAAP | $218.45M | Three Months Ended June 30, 2026 filing | — |
| Adjusted EBITDA margin non-GAAP | 17.7% | Year Ended December 31, 2025 | — |
| Free cash flow excluding the impacts of the Debt Exchange Transaction non-GAAP | 30.91M | Year Ended December 31, 2025 | — |
| Free Cash Flow including net proceeds from real estate sales non-GAAP | $31M | Full Year 2025 | — |
GAAP → non-GAAP reconciliationGAAP Free cash flow 10.91M
+20M Net proceeds from real estate sales
= Free cash flow including net proceeds from real estate sales 30.91M
|
|||
| Net Debt non-GAAP | $4.54B | As of December 31, 2025 | — |
GAAP → non-GAAP reconciliationGAAP Total debt 5.05B
-242.15M Less: Debt premium
-270.92M Less: Cash and cash equivalents
= Net debt 4.54B
|
|||
| Segment Adjusted EBITDA non-GAAP | 414.22M | Full Year 2025 | — |
| Segment Adjusted EBITDA margin non-GAAP | 34.3% | Year Ended December 31, 2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Broadcasting — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
IHRT
this stock
iHeartMedia, Inc.
|
$425.67M | -34.6% | +0.3% | — | 3.9% |
|
SKPJF
SKY Perfect JSAT Holdings Inc
|
$6.34B | — | — | — | 0.1% |
|
NXST
Nexstar Media Group, Inc.
|
$5.65B | -10.3% | -8.5% | 34.8 | 8.4% |
|
SGBAF
Ses S.A.
|
$2.38B | -12.3% | — | — | 0.0% |
|
NMAX
Newsmax Inc.
|
$1.38B | +39.2% | +10.7% | — | 5.8% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| IHRT | +1.5% | -31.7% | -12.0% | -24.2% | -34.6% |
| SPY | +0.5% | +1.2% | +13.3% | +2.7% | +12.5% |
| vs SPY | +1.0% | -32.9% | -25.2% | -26.9% | -47.1% |