Filing Flows › Comparisons › IHRT vs CMLS
iHeartMedia vs Cumulus Media: IHRT and CMLS compared
iHeartMedia is the larger company: $977M of revenue in its latest quarter (Q2 2026) against $168M for Cumulus Media (Q2 2026). iHeartMedia is growing faster (+5% against -10% a year earlier). iHeartMedia is more profitable, with an operating margin of 3.6% against 1.4%.
Where the money goes: IHRT and CMLS
iHeartMedia (IHRT) · Q2 2026
iHeartMedia, Q2 2026: revenue $977M (+5% year over year), operating margin 3.6%, net loss $82.5M, operating cash flow $64.9M. The chart follows the revenue to costs, profit and cash.
Cumulus Media (CMLS) · Q2 2026
Cumulus Media, Q2 2026: revenue $168M (-10% year over year), operating margin 1.4%, net loss $9.2M, operating cash flow $6.6M. The chart follows the revenue to costs, profit and cash.
| iHeartMedia (IHRT) | Cumulus Media (CMLS) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q2 2026 |
| Revenue | $977M | $168M |
| Revenue growth, Y/Y | +5% | -10% |
| Operating margin | 3.6% | 1.4% |
| Net earnings | −$82.5M | −$9.2M |
| Net margin | -8.4% | -5.5% |
| Operating cash flow | $64.9M | $6.6M |
| Free cash flow | $46.0M | $3.4M |
| Market value | $279M | — |
| Analysts’ mean target | $3.62 | — |
Where the revenue comes from
iHeartMedia
- Broadcast Radio: $398M (41%)
- Digital, excluding Podcast: $201M (21%)
- Podcast: $162M (17%)
- Networks: $104M (11%)
Cumulus Media
- Total broadcast radio revenue: $103M (61%)
- Digital: $38.7M (23%)
- Other: $26.3M (16%)
Questions
Which is bigger, iHeartMedia or Cumulus Media?
iHeartMedia is the larger company: $977M of revenue in its latest quarter (Q2 2026) against $168M for Cumulus Media (Q2 2026).
Is iHeartMedia or Cumulus Media growing faster?
iHeartMedia is growing faster (+5% against -10% a year earlier).
Which is more profitable, iHeartMedia or Cumulus Media?
iHeartMedia is more profitable, with an operating margin of 3.6% against 1.4%.
More: iHeartMedia earnings · how iHeartMedia makes money · Cumulus Media earnings · how Cumulus Media makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 10, 2026; 10-Q filed Aug 14, 2026). Fiscal quarters can end on different dates. Not investment advice.