iHeartMedia

Q2 FY2026 EarningsQ3 FY26 revenue of $1,030M slightly missed the $1,053M consensus, though it grew 3.3% YoY driven by Digital Audio (+14%). GAAP Operating Income of $73M significantly outperformed the implied EBIT consensus of -$36.5M (based on the reported GAAP loss vs expectation), largely due to sharply lower impairment charges. While Multiplatform revenue declined 5% on advertiser uncertainty, Podcast revenue surged 24%, and Q4 revenue guidance of mid-single-digit growth aligns with positive momentum in programmatic audio.