iHeartMedia, Inc.
Financial Performance
iHeartMedia Revenue & Financials
Revenue
$3.9B (FY2025)
Market Cap
$375M
Employees
9,550
What is iHeartMedia's revenue?
iHeartMedia had $3.9B in revenue for fiscal year 2025, up 0.3% from 2024. It reported a net loss of $472.9M.
- Latest revenue
- $3.9B (FY2025)
- Year-over-year
- +0.3%
- Growth rate (CAGR)
- -4.7% over 10 years
- Peak revenue
- $6.3B (FY2016)
- Years of data
- 10
- Employees
- 9,550
- What is iHeartMedia's operating income?
- iHeartMedia reported an operating loss of $20.6M for fiscal year 2025. sec.gov
- How much profit does iHeartMedia make?
- iHeartMedia reported a net loss of $472.9M for fiscal year 2025. sec.gov
- How many employees does iHeartMedia have?
- iHeartMedia has about 9,550 employees.
Financial Analysis
Revenue was $3.751 billion in 2023, $3.855 billion in 2024 and $3.865 billion in 2025, so the top line has been flat while its mix shifts. Net losses were mostly impairment-driven: $1.10 billion in 2023, $1.01 billion in 2024 and $472.9 million in 2025. Adjusted EBITDA was $685.8 million in 2025. In Q2 2026, revenue rose 4.7% to $977 million, Adjusted EBITDA fell 2.9% to $152 million, and free cash flow was $46 million, compared with negative $13 million a year earlier. Full-year 2026 guidance is about $800 million of Adjusted EBITDA and about $200 million of free cash flow, with net leverage in the mid-fives by year end. In August 2026 the company extended its $450 million asset-based revolving credit facility to January 2029. iHeartMedia, Inc. is the largest radio broadcaster in the United States, maintaining a market valuation generally exceeding $1 billion.
Revenue Trend Analysis
YoY Change
+0.3%
10-Year CAGR
-4.7%
Peak Year
2016
Trend
Consistent Growth
iHeartMedia, Inc. has 10 full fiscal year figures on this page, compounding at -4.7% annually over 10 years. The most recent year saw a 0.3% increase versus the prior year. Annual revenue peaked in fiscal year 2016 at $6.3B. Of 8 comparable year-over-year steps, 6 showed growth and 2 showed a decline.
Annual revenue history
Click any row to see year details.
iHeartMedia, Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $92.6M | $81.7M | $5.1B | — | $10.9M | Form 10-K |
| FY2024ended Dec 31, 2024 | $71.4M | $97.6M | $5.6B | — | -$26.2M | Form 10-K |
| FY2023ended Dec 31, 2023 | $213.1M | $102.7M | $7B | — | $110.4M | Form 10-K |
| FY2022ended Dec 31, 2022 | $420.1M | $161M | $8.3B | — | $259.1M | Form 10-K |
| FY2021ended Dec 31, 2021 | $330.6M | $183.4M | $8.9B | — | $147.2M | Form 10-K |
| FY2020ended Dec 31, 2020 | $215.9M | $85.2M | $9.2B | — | $130.7M | Form 10-K |
| FY2018ended Dec 31, 2018 | $966.7M | $85.2M | $7.9B | — | $881.4M | Form 10-K |
| FY2017ended Dec 31, 2017 | -$491.2M | $67.7M | $12.3B | — | -$558.9M | Form 10-K |
| FY2016ended Dec 31, 2016 | -$15.8M | $314.7M | $12.9B | — | -$330.5M | Form 10-K |
| FY2015ended Dec 31, 2015 | -$77.3M | $296.4M | $13.7B | -$10.6B | -$373.7M | Form 10-K |
Keep researching iHeartMedia
iHeartMedia Revenue and Financial FAQ
What is iHeartMedia's typical annual revenue baseline?
iHeartMedia, Inc. reported revenue of $3.86 billion for fiscal year 2025, up from $3.85 billion in fiscal 2024.
What is iHeartMedia's Adjusted EBITDA and operating profitability?
iHeartMedia delivers annual Adjusted EBITDA in the range of $700 million to $850 million, with Adjusted EBITDA margins between 18% and 22%, driven by significant operating leverage and corporate cost-efficiency programs.
What is the growth rate and financial scale of iHeartMedia's podcasting division?
iHeartMedia's podcasting revenue exceeds $400 million to $500 million annually, consistently outpacing overall industry growth rates with double-digit year-over-year gains and high gross margins.
What is iHeartMedia's long-term debt structure following its 2019 Chapter 11 restructuring?
Through its successful May 2019 restructuring, iHeartMedia eliminated over $10 billion in legacy debt (reducing debt from $16B to ~$5.5B). The company actively manages debt maturities, refinancing notes and utilizing free cash flow to de-lever.
How does iHeartMedia manage capital expenditures (CapEx) and free cash flow?
iHeartMedia operates an asset-light model with annual capital expenditures of approximately $80 million to $110 million (under 3% of revenues), generating strong operating free cash flow to reinvest in digital tech and debt reduction.
What are the primary expense components in iHeartMedia's cost structure?
Key operating expenses include broadcast station operating expenses (tower leases, utilities, licensing fees to ASCAP/BMI/SESAC), on-air talent and podcast creator revenue splits, digital ad-serving tech infrastructure, and sales commissions.
What is iHeartMedia's market valuation and stock performance on NASDAQ?
Following its emergence from restructuring and listing on NASDAQ in July 2019 under ticker IHRT, iHeartMedia is valued as the premier pure-play American audio media company.
How does cyclical political advertising impact iHeartMedia's even-year financial performance?
During even-numbered U.S. election years (midterms and presidential elections), iHeartMedia captures tens of millions of dollars in high-margin political advertising across broadcast and digital channels in swing states.
Did iHeartMedia go bankrupt?
Yes, a massive one. In 2008, private equity giants Bain Capital and THL executed a massive $24 billion leveraged buyout of Clear Channel. This saddled the company with massive, unpayable debt just as the 2008 crash hit. In 2018, iHeartMedia was forced to file for Chapter 11 bankruptcy, successfully shedding over $10 billion in debt to survive.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "iHeartMedia Revenue & Financials." CorpDigest, https://corpdigest.com/company/iheartmedia/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>iHeartMedia reported $3.9B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/iheartmedia/financials" target="_blank" rel="noopener">CorpDigest — iHeartMedia financials</a></div>Related Financial Audits
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