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AI brief of an SEC Form 8-K · iHeartMedia, Inc. (IHRT)

iHeartMedia Q1 revenue up 9.6% to $884 million; Adjusted EBITDA down 11.4%

Mixed Impact 3 of 5 earnings Written later

iHeartMedia reported first-quarter 2026 revenue of $884 million, up 9.6%, driven by its Digital Audio Group, while Adjusted EBITDA fell 11.4% to $92.6 million and free cash flow was negative $114.5 million. The company reaffirmed its full-year 2026 Adjusted EBITDA guidance of approximately $800 million and announced a new $50 million annualized cost savings program starting in the second half of 2026.

Key points

  • Revenue rose to $884.2 million from $807.1 million; Digital Audio Group revenue rose 18.0% to $327.1 million.
  • Consolidated Adjusted EBITDA was $92.6 million versus $104.6 million; Multiplatform Group segment Adjusted EBITDA fell 32.9% to $47.0 million.
  • Free cash flow was negative $114.5 million; cash was $135.1 million and total available liquidity was $494.6 million as of March 31, 2026.
  • Q2 2026 Adjusted EBITDA is expected at $140 million to $160 million; full-year 2026 Adjusted EBITDA guidance of approximately $800 million was reaffirmed.

The filing

CompanyiHeartMedia, Inc. (IHRT)
Form8-K, current report
Filed with the SECMay 11, 2026, 4:10 PM ET
Accession number0001628280-26-033471

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 11, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.