iHeartMedia sees Q3 revenue rising mid-single digits
Company expects Q3 Adjusted EBITDA of $180 mln to $220 mln
iHeartMedia forecasts 2026 Adjusted EBITDA of about $800 mln and free cash flow of $200 mln
Overview
U.S. audio broadcaster's Q2 revenue rose 4.7%, slightly beating analyst expectations
Adjusted EBITDA for Q2 was $152 mln, slightly beating analyst expectations
Free cash flow improved to $46 mln from negative in prior year period
Result drivers
Digital audio growth - Digital Audio Group revenue rose 12% YoY, driven by increased demand for digital and podcast advertising
Multiplatform weakness - Multiplatform Group revenue fell 2% YoY, mainly due to lower broadcast, networks, and sponsorship revenues amid advertiser uncertainty on consumer spending
Political advertising - Higher political advertising revenue contributed to growth, reflecting the impact of the 2026 midterm election cycle
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the broadcasting peer group is "buy"
Wall Street's median 12-month price target for iHeartMedia, Inc. is $3.63, about 6.1% below its August 7 closing price of $3.86
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