iHeartMedia Posts Flat $1.13B Q4 Revenue Beat, EPS Loss Widens and 2026 EBITDA Misses
iHeartMedia reported Q4 revenue of $1.13 billion, flat year-on-year but 2.8% above analyst estimates, while GAAP loss per share widened to $0.27. The company set 2026 EBITDA guidance at an $800 million midpoint, below the $861.7 million consensus, as free cash flow surged to $137.6 million from negative $24.2 million.
1. Q4 Financial Results
iHeartMedia delivered $1.13 billion in Q4 revenue, flat year-over-year but 2.8% ahead of the $1.10 billion estimate. GAAP loss per share widened to $0.27, missing the expected $0.13 profit, and adjusted EBITDA came in at $220.3 million versus the $226.9 million forecast, yielding a 7.6% operating margin, down from 9.3% a year earlier.
2. Cash Flow and Margins
Free cash flow jumped to $137.6 million from negative $24.2 million in the prior-year quarter, reflecting stronger cash generation despite pressure on earnings. The company’s market capitalization stands at $469.8 million as it continues to improve liquidity and manage its cost structure.
3. 2026 Guidance and Outlook
iHeartMedia projected full-year 2026 EBITDA at an $800 million midpoint, trailing the $861.7 million consensus forecast. Analysts expect revenue growth of 5.4% over the next 12 months and foresee an EPS turnaround to positive $0.53 from a projected negative $3.08, highlighting mixed sentiment on the company’s near-term profitability.