--- title: "iHeartMedia | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 884.2 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285990507.md" datetime: "2026-05-11T20:19:32.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285990507.md) - [en](https://longbridge.com/en/news/285990507.md) - [zh-HK](https://longbridge.com/zh-HK/news/285990507.md) --- # iHeartMedia | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 884.2 M Revenue: As of FY2026 Q1, the actual value is USD 884.2 M, beating the estimate of USD 871.5 M. EBIT: As of FY2026 Q1, the actual value is USD 569 K. #### Consolidated Financial Highlights - **GAAP Operating Income:** iHeartMedia, Inc. reported a GAAP Operating income of $1.5 million for Q1 2026, a significant improvement compared to a GAAP Operating loss of - $25.4 million in Q1 2025, representing a 105.8% improvement. - **Consolidated Adjusted EBITDA:** The company’s Consolidated Adjusted EBITDA was $92.6 million in Q1 2026, down 11.4% from $104.6 million in Q1 2025. The Adjusted EBITDA margin was 10.5% in Q1 2026, down from 13.0% in Q1 2025. - **Net Loss:** Net loss for Q1 2026 was - $95.618 million, an improvement from - $280.883 million in Q1 2025. - **Cash Flow from Operating Activities:** Cash used for operating activities increased to - $92.5 million in Q1 2026, compared to - $60.9 million in Q1 2025. - **Free Cash Flow:** Free Cash Flow was - $114.5 million in Q1 2026, compared to - $80.7 million in Q1 2025. - **Operating Expenses:** Consolidated direct operating expenses increased by 5.3% to $375.067 million, and Selling, General & Administrative (SG&A) expenses increased by 11.9% to $426.192 million in Q1 2026 compared to Q1 2025. - **Operating Margin:** The consolidated operating margin was 0.2% in Q1 2026, up from -3.2% in Q1 2025. #### Digital Audio Group Performance - **Segment Revenue:** Revenue for the Digital Audio Group was $327.142 million in Q1 2026, an 18.0% increase from $277.287 million in Q1 2025. This included Podcast Revenue of $147.194 million, which increased by 26.9%, and Digital Revenue excluding Podcast of $179.948 million, which increased by 11.6%. - **Segment Adjusted EBITDA:** The segment’s Adjusted EBITDA was $86.815 million, a slight decrease of 0.3% from $87.083 million in Q1 2025. - **Segment Adjusted EBITDA Margin:** Decreased to 26.5% from 31.4% in Q1 2025. - **Operating Expenses:** Increased by 26.4% to $240.327 million. #### Multiplatform Group Performance - **Segment Revenue:** Revenue for the Multiplatform Group was $493.463 million in Q1 2026, up 4.3% from $472.978 million in Q1 2025. Broadcast Radio Revenue increased by 6.1% to $361.435 million, while Networks Revenue decreased by 2.2% to $97.245 million, and Sponsorship and Events Revenue decreased by 2.2% to $27.988 million. - **Segment Adjusted EBITDA:** The segment’s Adjusted EBITDA was $46.964 million, down 32.9% from $70.007 million in Q1 2025. - **Segment Adjusted EBITDA Margin:** Decreased to 9.5% from 14.8% in Q1 2025. - **Operating Expenses:** Increased by 10.8% to $446.499 million. #### Audio & Media Services Group Performance - **Segment Revenue:** Revenue for the Audio & Media Services Group was $66.581 million in Q1 2026, an increase of 12.2% from $59.323 million in Q1 2025. - **Segment Adjusted EBITDA:** The segment’s Adjusted EBITDA was $24.447 million, up 54.7% from $15.798 million in Q1 2025. - **Segment Adjusted EBITDA Margin:** Increased to 36.7% from 26.6% in Q1 2025. - **Operating Expenses:** Decreased by 3.2% to $42.134 million. #### Liquidity and Financial Position (as of March 31, 2026) - **Cash Balance:** iHeartMedia, Inc. had $135.1 million in cash. - **Total Available Liquidity:** Total available liquidity stood at $494.6 million. - **Total Debt:** Total debt was $5,037.0 million. - **Net Debt:** Net Debt was $4,672.2 million. - **Capital Expenditures:** Capital expenditures for Q1 2026 were $21.9 million, compared to $19.7 million in Q1 2025. #### Outlook and Guidance iHeartMedia, Inc. anticipates low-single digit consolidated revenue growth and Adjusted EBITDA between $140 million and $160 million for Q2 2026. For the full year 2026, the company expects Consolidated Adjusted EBITDA to be approximately $800 million and Free Cash Flow around $200 million. Additionally, iHeartMedia, Inc. announced a new $50 million annualized cost savings program, starting in the second half of 2026, in addition to previously announced in-year 2026 savings of $100 million, and expects to pay minimal cash taxes in 2026. ### Related Stocks - [IHRT.US](https://longbridge.com/en/quote/IHRT.US.md) ## Related News & Research - [iHeartMedia, Inc. 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