iHeartMedia Q2 2026: revenue +4.7% to $977M, net loss -$82M; new $50M cost cut announced

Filed August 10, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 11, 2025 · ~2 min read

Key Changes

• high

  Net loss of $82.5M (diluted EPS -$0.52) improved 1.7% YoY, while operating income held flat at $35.5M. Revenue growth driven by non-cash strategic marketing initiatives (trade/barter) that inflated both revenue and SG&A, masking underlying broadcast weakness.

  MD&A: Results of Operations verify on EDGAR →
• high

  New $50M annualized cost-reduction initiative announced in Q2 2026, with savings beginning in H2 2026.

  MD&A: Cost Initiatives verify on EDGAR →
• high

  Multiplatform Group Adjusted EBITDA collapsed 39.2% to $58.6M (margin 10.9% vs. 17.7% prior year), driven by strategic marketing initiative expenses that added significant SG&A cost while revenue declined 1.6%. Political revenue could not offset the margin compression.

  MD&A: Segment Results verify on EDGAR →