---
title: "iHeartMedia | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 977.24 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295448625.md"
datetime: "2026-08-10T20:41:42.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295448625.md)
  - [en](https://longbridge.com/en/news/295448625.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295448625.md)
generator: "portal-rs"
---

# iHeartMedia | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 977.24 M

Revenue: As of FY2026 Q2, the actual value is USD 977.24 M, beating the estimate of USD 970.15 M.

EBIT: As of FY2026 Q2, the actual value is USD 35.5 M.

### Consolidated Results (Q2 2026 vs. Q2 2025)

#### Operational Metrics

-   **GAAP Operating Income**: iHeartMedia, Inc. reported GAAP Operating income of $35.5 million in Q2 2026, an improvement of 0.4% compared to $35.4 million in Q2 2025.
-   **Consolidated Adjusted EBITDA**: Consolidated Adjusted EBITDA decreased to $151.5 million in Q2 2026, down 2.9% from $156.1 million in Q2 2025.
-   **Net Loss**: The net loss was - $82,536 thousand in Q2 2026, compared to - $83,988 thousand in Q2 2025.
-   **Consolidated Direct Operating Expenses**: These expenses increased by $9.4 million, or 2.4%, during Q2 2026 compared to Q2 2025.
-   **Consolidated Selling, General & Administrative (SG&A) Expenses**: These expenses increased by $48.5 million, or 11.8%, during Q2 2026 compared to Q2 2025.

#### Cash Flow

-   **Cash Provided by Operating Activities**: Cash provided by operating activities was $64.9 million in Q2 2026, compared to $6.8 million in the prior year period.
-   **Free Cash Flow**: Free Cash Flow was $46.0 million in Q2 2026, compared to - $13.2 million in the prior year period.
-   **Cash Used for Investing Activities**: Cash used for investing activities was - $21.1 million in Q2 2026.
-   **Cash Used for Financing Activities**: Cash used for financing activities was - $4.4 million in Q2 2026.
-   **Capital Expenditures**: Capital expenditures were $18.9 million in Q2 2026, compared to $20.0 million in Q2 2025.

#### Balance Sheet Metrics (as of June 30, 2026)

-   **Cash Balance**: iHeartMedia, Inc. had $174.4 million of cash.
-   **Total Available Liquidity**: Total available liquidity was $457.2 million.
-   **Total Debt**: Total debt stood at $5,043.0 million.
-   **Net Debt**: Net debt was $4,651.3 million.
-   **Stockholders’ Deficit**: The stockholders’ deficit was - $2,008.3 million, compared to - $1,827.0 million as of December 31, 2025.

### Segment Revenue and Operational Metrics (Q2 2026 vs. Q2 2025)

#### Digital Audio Group

-   **Revenue**: Digital Audio Group revenue was $364,080 thousand, up 12.4% year-over-year (YoY).
    -   **Podcast Revenue**: Podcast revenue was $162,067 thousand, up 20.7% YoY.
    -   **Digital Revenue excluding Podcast**: Digital revenue, excluding Podcast, was $202,013 thousand, up 6.6% YoY.
-   **Segment Adjusted EBITDA**: Segment Adjusted EBITDA was $123,176 thousand, up 14.5% YoY.
-   **Digital Audio Group Adjusted EBITDA Margin**: The margin was 33.8%, compared to 33.2% in Q2 2025.

#### Multiplatform Group

-   **Revenue**: Multiplatform Group revenue was $535,667 thousand, down 1.6% YoY.
    -   **Multiplatform Group Revenue (excluding Q2 Political Revenue)**: This revenue, excluding political, was $525,536 thousand, down 2.8%.
    -   **Broadcast Radio Revenue**: Broadcast Radio revenue was $397,588 thousand, up 0.5% YoY.
    -   **Networks Revenue**: Networks revenue was $103,689 thousand, down 3.8% YoY.
    -   **Sponsorship and Events Revenue**: Sponsorship and Events revenue was $30,532 thousand, down 16.3% YoY.
-   **Segment Adjusted EBITDA**: Segment Adjusted EBITDA was $58,609 thousand, down 39.2% YoY.
-   **Multiplatform Group Adjusted EBITDA Margin**: The margin was 10.9%, compared to 17.7% in Q2 2025.

#### Audio & Media Services Group

-   **Revenue**: Audio & Media Services Group revenue was $80,465 thousand, up 18.8% YoY.
-   **Segment Adjusted EBITDA**: Segment Adjusted EBITDA was $36,663 thousand, up 54.6% YoY.
-   **Segment Adjusted EBITDA Margin**: The margin was 45.6%, compared to 35.0% in Q2 2025.

#### Other Metrics

-   **Asset-based Revolving Credit Facility**: The maturity date for the asset-based revolving credit facility was extended from May 17, 2027, until January 30, 2029.

### Outlook / Guidance

iHeartMedia, Inc. anticipates consolidated revenue to increase mid-single digits for Q3 2026, with consolidated Adjusted EBITDA expected to be approximately $180 million to $220 million. For the full year 2026, the company projects consolidated Adjusted EBITDA of about $800 million and Free Cash Flow of approximately $200 million. Additionally, iHeartMedia expects minimal cash taxes, $125 million in-year cost savings, total programmatic revenue of approximately $200 million (up ~50%), and a year-end net debt to Adjusted EBITDA ratio in the mid-fives.

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- [IHRT.US](https://longbridge.com/en/quote/IHRT.US.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**