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IHRT

iHeartMedia, Inc.

IHRT

iHeartMedia, Inc. • NASDAQ
$3.93 ▲ 2.34% (+0.09)
Market Cap $506.86 M
52w High $4.77
52w Low $0.95
Dividend Yield 0%
P/E -1.52
Volume 204.84K
Outstanding Shares 128.97M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $997.01M ▲ $714.147M ▲ $-66.264M ▲ -6.646% ▲ $-0.43 ▲ $291.688M ▲
Q2-2025 $933.653M ▲ $507.089M ▲ $-83.48M ▲ -8.941% ▲ $-0.54 ▲ $128.291M ▲
Q1-2025 $807.101M ▼ $476.209M ▼ $-281.224M ▼ -34.844% ▼ $-1.84 ▼ $46.763M ▼
Q4-2024 $1.118B ▲ $557.945M ▲ $31.49M ▲ 2.816% ▲ $0.21 ▲ $88.672M ▼
Q3-2024 $1.008B $521.668M $-41.265M -4.093% $-0.27 $178.463M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $192.239M ▼ $5.089B ▼ $6.877B ▼ $-1.793B ▼
Q2-2025 $235.932M ▲ $5.379B ▲ $7.106B ▲ $-1.731B ▼
Q1-2025 $167.714M ▼ $5.268B ▼ $6.914B ▼ $-1.651B ▼
Q4-2024 $259.58M ▼ $5.572B ▼ $6.943B ▼ $-1.377B ▲
Q3-2024 $431.764M $5.779B $7.188B $-1.415B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-65.761M ▲ $-9.549M ▼ $-17.228M ▲ $-16.787M ▼ $-43.693M ▼ $-32.815M ▼
Q2-2025 $-83.988M ▲ $6.821M ▲ $-20.581M ▼ $81.719M ▲ $68.218M ▲ $-13.176M ▲
Q1-2025 $-280.883M ▼ $-60.944M ▼ $-20.067M ▲ $-11.038M ▲ $-91.866M ▲ $-80.674M ▼
Q4-2024 $31.928M ▲ $1.212M ▼ $-23.009M ▲ $-149.902M ▼ $-172.184M ▼ $-24.208M ▼
Q3-2024 $-41.325M $102.765M $-32.354M $-3.627M $67.02M $73.345M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Audio And Media Services
Audio And Media Services
 $90.00M ▲$0 ▼$60.00M ▲$70.00M ▲
Broadcast Radio
Broadcast Radio
 $450.00M ▲$1.28Bn ▲$340.00M ▼$400.00M ▲
Digital Nonpodcast
Digital Nonpodcast
 $190.00M ▲$530.00M ▲$160.00M ▼$190.00M ▲
Digital Podcast
Digital Podcast
 $110.00M ▲$330.00M ▲$120.00M ▼$130.00M ▲
Networks
Networks
 $120.00M ▲$320.00M ▲$100.00M ▼$110.00M ▲
Other
Other
 $0 ▲$20.00M ▲$0 ▼$0 ▲
Sponsorship And Events
Sponsorship And Events
 $50.00M ▲$0 ▼$30.00M ▲$40.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has recovered from the pandemic period and is now relatively stable to slightly growing, but profits have not followed. The company consistently posts accounting losses, and operating performance has weakened again over the last two years after a brief improvement. Margins are under pressure, with profitability turning negative even on a cash‑style metric, which suggests that the core economics of the business remain challenged despite solid top‑line scale. Overall, this is a large revenue base with meaningful gross profit, but not yet translating into sustainable earnings for shareholders.

Balance Sheet

Balance Sheet The balance sheet is heavily burdened by debt, and that debt has not come down meaningfully over the past several years. Total assets have been drifting lower, while shareholder equity has moved from positive to clearly negative territory, a sign of accumulated losses and high leverage. Cash on hand is relatively thin compared with the size of the debt load, which limits financial flexibility. In simple terms, the company carries a lot of financial baggage, and balance‑sheet risk is a central issue to watch.

Cash Flow

Cash Flow The business still generates positive cash from operations, but the cushion is modest relative to its size and leverage. After routine capital spending, free cash flow has hovered around breakeven, recently tipping slightly negative. Capital expenditures are restrained, which helps cash flow in the short term but may constrain investment capacity. Overall, the company is managing to keep cash moving in the right direction, but the room for error is limited given the debt burden and cyclical nature of advertising revenue.

Competitive Edge

Competitive Edge iHeartMedia has a very strong competitive position in terms of reach, brand, and platform breadth. Its nationwide radio footprint, dominant podcast network, and well‑known iHeartRadio app give it a scale advantage that few audio competitors can match. The ability to offer advertisers integrated campaigns across broadcast, digital streaming, podcasts, social media, and live events is a meaningful differentiator. However, it operates in a fiercely competitive landscape against music streamers, podcast platforms, and digital ad giants, and it must continually prove that its large audience and marketing solutions deliver better results than those alternatives.

Innovation and R&D

Innovation and R&D The company is leaning hard into data, technology, and digital audio to future‑proof the business. Tools like iHeartMedia Analytics and SmartAudio aim to make radio and podcast ads as measurable and targetable as digital display or social ads. Programmatic buying for audio inventory, AI‑driven ad‑tech, immersive 3D audio formats, and private marketplaces for podcast ads all highlight a push to modernize how advertisers use audio. Partnerships with platforms like TikTok and Bloomberg expand both content and distribution. The strategic focus is clear: turn its massive listener base and data assets into a more precise, tech‑enabled advertising platform, especially through its Digital Audio Group and podcast operations.

Summary

iHeartMedia combines a powerful media footprint and strong audio brands with a strained financial profile. On one side, it has exceptional reach, a leading position in podcasting, and a credible strategy centered on digital audio, data, and AI‑enhanced advertising solutions. These elements give it a real moat in terms of audience access and advertiser appeal. On the other side, persistent losses, high leverage, and only modest free cash flow create financial risk and reduce flexibility. The key swing factors are whether digital and podcast growth can scale profitably enough to strengthen margins and, over time, ease the pressure from the balance sheet and debt load in a competitive and rapidly evolving audio market.

NEWS

November 14, 2025 · 5:00 PM UTC

iHeartMedia Celebrates the Holiday Season with Annual Holiday Music Flip Across Broadcast Stations Nationwide and the Return of the “iHeartRadio Holiday Special”

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November 10, 2025 · 4:00 PM UTC

iHeartMedia, Inc. Reports Results for 2025 Third Quarter

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November 10, 2025 · 11:00 AM UTC

iHeartMedia and TikTok Partner to Launch First-of-Its-Kind, Multiplatform Partnership

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November 10, 2025 · 9:00 AM UTC

StackAdapt and iHeartMedia Bring Broadcast Radio to Programmatic Advertising

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November 7, 2025 · 7:00 AM UTC

T.D. Jakes Teams Up With iHeartMedia to Launch "NXT Chapter," A Weekly Podcast Helping to Co-Author New Pages of America's Collective Story

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