Quarterly ResultMay 11, 2026, 04:18 PM
iHeartMedia Q1 Revenue $884M, up 9.6%; GAAP Operating Income $1.5M
AI Summary
iHeartMedia reported Q1 2026 revenue of $884 million, a 9.6% increase year-over-year, with GAAP Operating income improving to $1.5 million from a $25 million loss in Q1 2025. Consolidated Adjusted EBITDA, however, decreased by 11.4% to $93 million. The company reaffirmed its full-year 2026 Adjusted EBITDA guidance of $800 million and Free Cash Flow guidance of $200 million, while also announcing a new $50 million annualized cost savings program.
Key Highlights
- Q1 2026 Consolidated Revenue reached $884 million, a 9.6% increase year-over-year.
- GAAP Operating income improved to $1.5 million from a $25 million loss in Q1 2025.
- Consolidated Adjusted EBITDA decreased 11.4% to $93 million in Q1 2026.
- Digital Audio Group revenue grew 18% to $327 million, with Podcast revenue up 27% to $147 million.
- Multiplatform Group revenue increased 4% to $493 million, but Segment Adjusted EBITDA fell 33%.
- Announced a new $50 million annualized cost savings program, starting H2 2026.
- Reaffirmed Full Year 2026 Adjusted EBITDA guidance of $800 million and Free Cash Flow of $200 million.
- Expects minimal cash taxes in 2026, with a $150-$200 million impact over 3 years.