Filing Flows › iHeartMedia (IHRT) › How it makes money
How iHeartMedia (IHRT) makes money
iHeartMedia (IHRT) made $977M of revenue in the second quarter 2026 (Q2 2026), +5% from a year earlier. Broadcast Radio brought in $398M (41%); Digital, excluding Podcast brought in $201M (21%); Podcast brought in $162M (17%).
Drawing the Sankey…
Revenue by segment, Q2 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Broadcast Radio | $398M | 40.7% | +10% | +0.5% |
| Digital, excluding Podcast | $201M | 20.5% | +12% | +7% |
| Podcast | $162M | 16.6% | +10% | +21% |
| Networks | $104M | 10.6% | +7% | -4% |
| Audio and Media Services | $78.7M | 8.1% | +21% | +19% |
| Sponsorship and Events | $30.5M | 3.1% | +9% | -16% |
| Other | $3.8M | 0.4% | -44% | -14% |
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $977M | 100.0% |
| Income tax | $20.0M | 2.0% |
| Operating cash flow | $64.9M | 6.6% |
| Free cash flow | $46.0M | 4.7% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $977M | +5% |
| Q1 2026 | $884M | +10% |
| Q4 2025 | $1.1B | +0.8% |
| Q3 2025 | $997M | -1% |
| Q2 2025 | $934M | +0.5% |
| Q1 2025 | $807M | +1% |
| Q4 2024 | $1.1B | +5% |
From iHeartMedia's 10-Q filed Aug 10, 2026 (on EDGAR).
Questions
How does iHeartMedia make money?
iHeartMedia (IHRT) made $977M of revenue in the second quarter 2026 (Q2 2026), +5% from a year earlier. Broadcast Radio brought in $398M (41%); Digital, excluding Podcast brought in $201M (21%); Podcast brought in $162M (17%).
What is iHeartMedia's biggest business?
Broadcast Radio: $398M in the second quarter 2026, 41% of revenue, +0.5% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.