IHRT

MKT CAP:$533M

iHeartMedia, Inc.

Market Cap

$533M

Communication Services·Broadcasting·🇺🇸 United States·NASDAQ

Communication·Broadcasting·🇺🇸·NASDAQ

Stock Price

$5.42+$1.27 (+30.60%)

Apr 24, 2026

Company Details

iHeartMedia, Inc. operates as a media and entertainment company worldwide. It operates through three segments: Multiplatform Group, Digital Audio Group, and Audio & Media Services Group. The Multiplatform Group segment offers broadcast radi...

CEO

Robert W. Pittman

IPO Date

Jul 1, 2019

Website

www.iheartmedia.com

Key Metrics TTM

Revenue

$3.7B

-1.1% YoY

Net Income

-$2.2B

EPS (Diluted)

-$14.55

Free Cash Flow

$32M

Revenue / Share

$24.03

Gross Margin

59.0%

Operating Margin

-47.9%

Net Margin

-59.7%

FCF Margin

0.9%

P/S

0.1x

P/E

—

Earnings Reports

Q2 2025

May 11, 2026

PENDING

FY 2025

Mar 2, 2026

$3.9B+0.3%EPS -$3.05

Q1 2025

May 12, 2025

$807MEPS -$1.84

FY 2024

Feb 27, 2025

$3.9B+2.8%EPS -$6.68

Q3 2024

Nov 7, 2024

$1.0BEPS -$0.28

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 17	$1.3B	$758M	$114M
Q3 19	$948M	$657M	$141M
Q4 19	$1.0B	$694M	$165M
Q1 20	$781M	$487M	-$1.7B
Q2 20	$488M	$244M	-$159M
Q3 20	$744M	$474M	$39M
Q1 21	$707M	$414M	-$76M
Q4 21	$1.1B	$676M	$123M
Q1 22	$843M	$513M	$12M
Q3 22	$989M	$617M	-$211M
Q1 23	$811M	$467M	-$49M
Q2 23	$920M	$565M	-$897M
Q2 24	$929M	$547M	-$910M
Q3 24	$1.0B	$598M	$77M
Q1 25	$807M	$451M	-$25M

Valuation

Quarter	P/S	P/E
Q1 17	—	—
Q3 19	—	—
Q4 19	—	—
Q1 20	0.1x	—
Q2 20	0.2x	—
Q3 20	0.2x	—
Q1 21	0.2x	—
Q4 21	0.2x	—
Q1 22	0.2x	—
Q3 22	0.1x	—
Q1 23	0.1x	—
Q2 23	0.1x	—
Q2 24	0.1x	—
Q3 24	0.1x	—
Q1 25	0.1x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 17	-$429M	-$480M
Q3 19	$180M	$151M
Q4 19	$205M	$176M
Q1 20	$92M	$70M
Q2 20	$11M	-$7M
Q3 20	$33M	$14M
Q1 21	$72M	$53M
Q4 21	$134M	$52M
Q1 22	-$52M	-$75M
Q3 22	$103M	$63M
Q1 23	-$94M	-$133M
Q2 23	$57M	$34M
Q2 24	$27M	$6M
Q3 24	$103M	$73M
Q1 25	-$61M	-$81M

Capital Expenditures

Quarter	CapEx
Q1 17	$51M
Q3 19	$29M
Q4 19	$30M
Q1 20	$22M
Q2 20	$18M
Q3 20	$19M
Q1 21	$19M
Q4 21	$82M
Q1 22	$23M
Q3 22	$40M
Q1 23	$39M
Q2 23	$23M
Q2 24	$21M
Q3 24	$29M
Q1 25	$20M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 20	-63.3%	-46.8%
Q3 20	-21.5%	-12.7%
Q1 21	-31.1%	-9.1%
Q4 21	+36.0%	-62.6%
Q1 22	+73.0%	+28.5%
Q3 22	+32.8%	+70.2%
Q1 23	+14.8%	+9.8%
Q2 23	-13.4%	+93.5%
Q2 24	+10.2%	+121.2%
Q3 24	+1.9%	-22.4%
Q1 25	-0.5%	-3.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 17	$3M	0.2%
Q3 19	$17M	1.8%
Q4 19	$6M	0.6%
Q1 20	$4M	0.5%
Q2 20	$4M	0.9%
Q3 20	$6M	0.8%
Q1 21	$6M	0.8%
Q4 21	$6M	0.6%
Q1 22	$6M	0.7%
Q3 22	$10M	1.1%
Q1 23	$10M	1.3%
Q2 23	$9M	1.0%
Q2 24	$7M	0.8%
Q3 24	$7M	0.7%
Q1 25	$7M	0.9%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q1 17	$451M	—	—
Q3 19	$341M	—	—
Q4 19	$368M	$212M	—
Q1 20	$344M	$48M	—
Q2 20	$261M	$32M	—
Q3 20	$293M	$41M	—
Q1 22	—	—	$384M
Q1 23	$403M	—	—
Q1 25	$381M	—	—

Revenue Segments

Quarter	Americas Outdoor Advertising	Corporate and Other	International Outdoor Advertising	I HM	Audio and Media Services	Broadcast Radio	Digital	Networks	Other	Sponsorship and Events	Digital Non-podcast	Digital Podcast	Audio And Media Services	Sponsorship And Events
Q1 17	$279M	$29M	$265M	$757M	—	—	—	—	—	—	—	—	—	—
Q3 19	—	—	—	—	$58M	$573M	$97M	$160M	$4M	$56M	—	—	—	—
Q4 19	—	—	—	—	$65M	$612M	$112M	$160M	$4M	$72M	—	—	—	—
Q1 20	—	—	—	—	$58M	$462M	$93M	$135M	$3M	$29M	—	—	—	—
Q2 20	—	—	—	—	$37M	$244M	$93M	$96M	$1M	$15M	—	—	—	—
Q3 20	—	—	—	—	$73M	$404M	$113M	$119M	$6M	$29M	—	—	—	—
Q1 21	—	—	—	—	$53M	$359M	—	$115M	$1M	$22M	$117M	$38M	—	—
Q1 22	—	—	—	—	$60M	$416M	—	$118M	$3M	$34M	$144M	$69M	—	—
Q3 22	—	—	—	—	$77M	$486M	—	$127M	$4M	$43M	$161M	$91M	—	—
Q1 23	—	—	—	—	$60M	$383M	—	$108M	$5M	$33M	$145M	$77M	—	—
Q2 23	—	—	—	—	$64M	$429M	—	$122M	$6M	$38M	$163M	$97M	—	—
Q2 24	—	—	—	—	$69M	$425M	—	$107M	$4M	$39M	$180M	$105M	—	—
Q3 24	—	—	—	—	$89M	$449M	—	$115M	$5M	$50M	$186M	$114M	—	—
Q1 25	—	—	—	—	—	$341M	—	$99M	$4M	—	$160M	$116M	$58M	$29M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$280M	$0	$280M
Q2 22	$295M	$0	$295M
Q3 22	$295M	$0	$295M
Q4 22	$336M	$0	$336M
Q1 23	$188M	$0	$188M
Q2 23	$165M	$0	$165M
Q3 23	$213M	$0	$213M
Q4 23	$346M	$0	$346M
Q1 24	$361M	$0	$361M
Q2 24	$365M	$0	$365M
Q3 24	$432M	$0	$432M
Q4 24	$260M	$0	$260M
Q1 25	$168M	$0	$168M
Q2 25	$236M	$0	$236M
Q3 25	$192M	$0	$192M
Q4 25	$270.9K	$0	$270.9K

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 17	85M	—	—
Q3 19	86M	+1.2%	—
Q4 19	65M	-24.6%	—
Q1 20	146M	+125.1%	—
Q2 20	146M	+0.2%	+72.2%
Q3 20	146M	+0.1%	+70.3%
Q1 21	146M	+0.0%	+126.1%
Q4 21	142M	-2.7%	-2.3%
Q1 22	148M	+3.7%	+1.1%
Q3 22	148M	+0.5%	+1.5%
Q1 23	143M	-3.4%	-2.0%
Q2 23	149M	+4.1%	+4.9%
Q2 24	151M	+1.3%	+2.5%
Q3 24	147M	-2.7%	-0.8%
Q1 25	152M	+3.7%	+6.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 17	$93.0K	14K
Q3 19	$67.7K	14K
Q4 19	$90.0K	11K
Q1 20	$68.5K	11K
Q2 20	$42.8K	11K
Q3 20	$65.3K	11K
Q1 21	$69.3K	10K
Q4 21	$98.3K	11K
Q1 22	$78.1K	11K
Q3 22	$91.6K	11K
Q1 23	$73.7K	11K
Q2 23	$83.6K	11K
Q2 24	$86.0K	11K
Q3 24	$93.3K	11K
Q1 25	$79.9K	10K

Revenue / Employee