--- title: "iHeartMedia | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 884.2 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285993083.md" datetime: "2026-05-11T20:34:09.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285993083.md) - [en](https://longbridge.com/en/news/285993083.md) - [zh-HK](https://longbridge.com/zh-HK/news/285993083.md) --- # iHeartMedia | 10-Q: 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. EPS: As of FY2026 Q1, the actual value is USD -0.61, missing the estimate of USD -0.5371. EBIT: As of FY2026 Q1, the actual value is USD 569 K. #### Consolidated Financial Performance - **Operating Income (Loss)**: iHeartMedia, Inc. reported an operating income of $1.5 million for the three months ended March 31, 2026, a significant improvement from an operating loss of - $25.4 million in the prior-year period. - **Net Loss**: Net loss was - $95.6 million in Q1 2026, an improvement of $185.3 million from - $280.9 million in Q1 2025. - **Net Loss Attributable to the Company**: Net loss attributable to iHeartMedia, Inc. improved to - $95.2 million in Q1 2026 from - $281.2 million in Q1 2025. - **Adjusted EBITDA**: Consolidated Adjusted EBITDA decreased by 11.4% to $92.6 million in Q1 2026, compared to $104.6 million in Q1 2025. - **Direct Operating Expenses**: Increased by $18.7 million, or 5.3%, to $375.1 million in Q1 2026. - **Selling, General and Administrative (SG&A) Expenses**: Increased by $45.4 million, or 11.9%, to $426.2 million in Q1 2026. - **Depreciation and Amortization**: Decreased by $10.5 million to $81.4 million in Q1 2026. - **Interest Expense, net**: Decreased by $4.5 million to $95.9 million in Q1 2026. - **Loss on Investments, net**: The company recognized a loss on investments of - $0.5 million in Q1 2026, significantly lower than the - $18.6 million loss in Q1 2025. - **Income Tax Expense**: Income tax expense was - $0.3 million in Q1 2026, compared to - $135.4 million in Q1 2025. #### Segmented Financial Metrics ##### Multiplatform Group - **Revenue**: Increased by 4.3% to $493.5 million in Q1 2026 from $473.0 million in Q1 2025. - **Broadcast Radio Revenue**: Increased by 6.1% to $361.4 million. - **Networks Revenue**: Decreased by -2.2% to $97.2 million. - **Sponsorship and Events Revenue**: Decreased by -2.2% to $28.0 million. - **Segment Adjusted EBITDA**: Decreased by -32.9% to $47.0 million in Q1 2026 from $70.0 million in Q1 2025. - **Segment Adjusted EBITDA Margin**: Was 9.5% in Q1 2026, down from 14.8% in Q1 2025. - **Operating Expenses**: Increased by $43.5 million to $446.5 million. ##### Digital Audio Group - **Revenue**: Increased by 18.0% to $327.1 million in Q1 2026 from $277.3 million in Q1 2025. - **Podcast Revenue**: Increased by 26.9% to $147.2 million. - **Digital, excluding Podcast Revenue**: Increased by 11.6% to $179.9 million. - **Segment Adjusted EBITDA**: Decreased by -0.3% to $86.8 million in Q1 2026 from $87.1 million in Q1 2025. - **Segment Adjusted EBITDA Margin**: Was 26.5% in Q1 2026, down from 31.4% in Q1 2025. - **Operating Expenses**: Increased by $50.1 million to $240.3 million. ##### Audio & Media Services Group - **Revenue**: Increased by 12.2% to $66.6 million in Q1 2026 from $59.3 million in Q1 2025. - **Segment Adjusted EBITDA**: Increased by 54.7% to $24.4 million in Q1 2026 from $15.8 million in Q1 2025. - **Segment Adjusted EBITDA Margin**: Was 36.7% in Q1 2026, up from 26.6% in Q1 2025. - **Operating Expenses**: Decreased by - $1.4 million to $42.1 million. #### Cash Flow and Liquidity - **Cash Used for Operating Activities**: Increased to - $92.5 million in Q1 2026 from - $60.9 million in Q1 2025. - **Cash Used for Investing Activities**: Increased to - $23.5 million in Q1 2026 from - $20.1 million in Q1 2025. - **Cash Used for Financing Activities**: Increased to - $19.6 million in Q1 2026 from - $11.0 million in Q1 2025. - **Free Cash Flow**: Decreased to - $114.5 million in Q1 2026 from - $80.7 million in Q1 2025. - **Cash and Cash Equivalents**: Stood at $135.1 million as of March 31, 2026. - **Total Available Liquidity**: Was $494.6 million as of March 31, 2026, including $359.5 million available under the ABL Facility. - **Net Debt**: Totaled $4,672.2 million as of March 31, 2026, compared to $4,540.0 million as of December 31, 2025. #### Strategic Outlook and Initiatives iHeartMedia, Inc. announced a new cost reduction initiative in Q2 2026, projected to generate an additional $50 million in annualized savings starting in H2 2026, supplementing previous savings. The company expects to meet its obligations for at least the next twelve months with current liquidity and is assessing refinancing options for its ABL Facility maturing in May 2027. On May 1, 2026, iHeartMedia, Inc. repaid $51.2 million of outstanding debt. ### Related Stocks - [IHRT.US](https://longbridge.com/en/quote/IHRT.US.md) ## Related News & Research - [iHeartRadio Named Official Audio and Radio Partner of the Beach Football League | IHRT Stock News](https://longbridge.com/en/news/286954131.md) - [iHeartMedia, Inc. 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