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iHeartMedia (IHRT) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 10, 2026 · iHeartMedia (IHRT) Q2 2026 earnings results →
Q2 2026 Revenue up 5% year over year to $977M · 8¢ of every $1 of revenue lost · operating margin 3.6%
iHeartMedia made $977M in Q2 2026 (+5% Y/Y): Broadcast Radio $398M, Digital, excluding Podcast $201M, Podcast $162M. Operating margin 3.6%, net loss $82.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 10, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $977.2M in Q2 2026, up 5% year over year and up 11% from the previous quarter. Broadcast Radio was the largest line at 41% of revenue. Podcast added $27.8M year over year (up 21%), 64% of the total change. Sponsorship and Events declined 16%.
Operating profit was $35.5M, a 3.6% margin (down 0.2 points year over year). Of the extra revenue versus Q2 2025, 0% reached operating profit, below the 4% margin then. Total costs grew 5% against revenue growth of 5%. The fastest-growing cost line was SG&A (+12%). The quarter ended with a net loss of $82.5M, narrower than the previous quarter's $95.6M loss. Net interest and other expense of $98.1M was the main reason.
Operating cash flow was $64.9M (up 851% year over year). Non-cash charges added back $78.3M of depreciation and amortization and $5.3M of share-based compensation. Working capital and other items added $63.8M. After purchases of property, plant and equipment ($18.9M), free cash flow as the company reports it was $46.0M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 10, 2026 | $977M | +5% | 3.6% | −$82.5M | $64.9M |
| Q1 2026 | 10-Q | May 11, 2026 | $884M | +10% | 0.2% | −$95.6M | −$92.5M |
| Q4 2025 | 10-K | Mar 2, 2026 | $1.1B | +0.8% | 7.6% | −$41.3M | $156M |
| Q3 2025 | 10-Q | Nov 10, 2025 | $997M | -1% | -11.7% | −$65.8M | −$9.5M |
| Q2 2025 | 10-Q | Aug 11, 2025 | $934M | +0.5% | 3.8% | −$84.0M | $6.8M |
| Q1 2025 | 10-Q | May 12, 2025 | $807M | +1% | -3.2% | −$281M | −$60.9M |
| Q4 2024 | 10-K | Feb 27, 2025 | $1.1B | +5% | 9.3% | $31.9M | $1.2M |
Charts
Interactive views
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About iHeartMedia
• The ‘companionship’ sector, in which people regard radio and podcasting personalities as their trusted friends and companions on whom they rely to provide coverage on everything from entertainment, local news, storytelling, information about new music and artists, weather, traffic, sports and more. We operate in the second sector and use our large scale and national reach in broadcast radio to build additional complementary platforms. We believe we are the only major multi-platform audio media company, and each platform is complementary to the others, building on and extending our companionship relationship with the consumer.
In its own words, from its 10-K, filed Mar 2, 2026.
iHeartMedia against its Radio Broadcasting Stations peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +5% against the peers' median -0.3%. Operating margin: 3.6% against the peers' median 2.4%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| IHRT iHeartMedia | Q2 2026 | $977M | +5% | 3.6% |
| SIRI Sirius XM Holdings | Q3 2026 | $2.2B | -0.3% | 22.2% |
| CMLS Cumulus Media | Q2 2026 | $168M | -10% | 1.4% |
| TSQ Townsquare Media | Q3 2026 | $111M | +4% | 5.0% |
| UONE Urban One | Q2 2026 | $85.8M | -6% | -13.1% |
| BBGI Beasley Broadcast Group | Q2 2026 | $44.1M | -17% | 3.0% |
| MDIA Mediaco Holding | Q2 2026 | $34.0M | +9% | -14.4% |
| SGA Saga Communications | Q2 2026 | $26.4M | -6% | 2.4% |
| TMGI Transglobal Management Group | Q1 FY27 | $96K | +703% | -409.6% |
Source: iHeartMedia 10-Q on SEC EDGAR · CIK 1400891 · Radio Broadcasting Stations
13F: who owns IHRT and who is buying
More on IHRT
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results