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EarningsQ2 2026 Earnings Report
IHRT Q2 2026 EPS Results
Actual EPS-$0.52
Consensus EPS-$0.28
Beat/MissMissed by -$0.24
One Year Ago EPS-$0.54
IHRT Q2 2026 Revenue Results
Actual Revenue$977.24M
Expected Revenue$970.15M
Beat/MissBeat by +$7.09M
YoY Revenue Growth+4.67%
Earnings Announcement Details
QuarterQ2 2026
Date08/10/2026
TimeAfter Close
Conference CallMonday, August 10, 2026
IHRT Upcoming Earnings
iHeartMedia's next earnings date is estimated for November 9, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
IHRT Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented strong momentum in the company’s digital businesses—particularly podcasting and programmatic initiatives—with above‑guidance consolidated revenue (+4.7%), robust Digital Audio growth (+12.4% revenue, +14.5% EBITDA) and a swing to positive free cash flow ($46M). Management reaffirmed full‑year targets and outlined clear growth levers (video podcast distribution, programmatic, DSP integrations). Offsetting these positives, the multiplatform group showed a marked EBITDA decline (from $96M to $59M), SG&A rose due to co‑marketing partnerships, and results and guidance remain meaningfully dependent on a strong political ad season and macro stabilization. Overall, the strengths in digital growth, cash flow improvement, and clear strategic actions outweigh the near‑term multiplatform pressures and reliance on political revenue.Company Guidance
Consolidated Revenue Beat
Consolidated revenue of $977M in Q2, up 4.7% year-over-year and above guidance (up low-single digits); excluding political revenue consolidated revenue was up 3.5%.
Adjusted EBITDA and Free Cash Flow Improvement
Generated adjusted EBITDA of $152M in Q2 (slightly above the midpoint of guidance $140M–$160M). Free cash flow improved to $46M vs. negative $13M in prior-year quarter (improvement of $59M).
Digital Audio Group Strong Growth
Digital Audio Group revenue was $364M, up 12.4% YoY and ahead of prior guidance (~10%). Digital Audio Group adjusted EBITDA was $123M, up 14.5% YoY with adjusted EBITDA margins of 33.8% (vs. 33.2% prior year); company expects full-year margins in the mid‑30s.
Podcasts Continue Momentum
Podcast revenue of $162M in Q2, up 20.7% YoY (in-line with guidance of low‑20s). Approximately 50% of podcast revenue is generated by the local markets sales force; podcast adjusted EBITDA margins are accretive to the company.
Digital ex‑Podcast Growth
Digital ex‑podcast revenue grew 6.6% YoY in Q2 (digital ex‑podcast revenue $202M), beating guidance (up low single digits).
Audio & Media Services Outperformance
Audio & Media Services revenue was $80M, up 18.8% YoY (10.6% ex‑political), and adjusted EBITDA was $37M, up 54.6% YoY—driven by digital audio/video and operating efficiencies.
Programmatic and Video Podcast Opportunities
Company expects ~ $200M of programmatic revenue in 2026, ~50% growth from $135M in 2025. Expanding video podcast distribution (Netflix, Hulu) with premium CPMs and low incremental production cost; video deals (Netflix, Hulu) noted as incremental growth channels.
Financial Position and Capital Actions
Net debt approx $4.7B; total liquidity $457M; cash $174M (includes $125M borrowed under ABL). Amended and extended ABL facility to Jan 30, 2029, maintained $450M size and pricing. Repaid remaining $51.2M of certain notes and retired term loan facilities.
Reaffirmed Full‑Year Targets and Q3 Guide
Reaffirmed full‑year adjusted EBITDA guidance of $800M and free cash flow guidance of $200M (assumes political and macro improvement). Q3 guidance: adjusted EBITDA $180M–$220M; consolidated revenue expected up mid single digits; Digital Audio revenue expected up low‑teens with podcast +~20%.
IHRT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed