iHeartMedia, Inc. IHRT
iHeartMedia is the number one audio media company in the U.S. based on consumer reach.
•The ‘music collection' sector, which essentially replaced downloads and CDs, and
•The ‘companionship' sector, in which people regard radio and podcasting personalities as their trusted friends and companions on whom they rely to provide coverage on everything from entertainment, local news, storytelling, information about new music and artists, weather, traffic, sports and more.
We operate in the second sector and use our large scale and national reach in broadcast radio to build additional complementary platforms. We believe we are the only major multi-platform audio media company, and each platform is complementary to the others, building on and extending our companionship relationship with the consumer.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by segment
- Multiplatform Group
- Digital Audio Group
- Audio & Media Services Group
- Other
| Segment | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Multiplatform Group | $2.27B | $2.37B | $2.44B |
| Digital Audio Group | $1.33B | $1.16B | $1.07B |
| Audio & Media Services Group | $272.5M | $327.1M | $256.7M |
| Other | $10.5M | $9.9M | $10.2M |
As the company reported it, from the “SEGMENT DATA (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.86B | $3.85B | $3.75B | $3.91B | $3.56B | $2.95B | — | $3.61B | $3.58B | $4.89B |
| SG&A | $1.69B | $1.69B | $1.66B | $1.59B | $1.52B | $1.40B | — | $1.35B | $1.35B | $1.73B |
| Total operating expenses | — | — | $3.05B | $2.96B | $2.75B | $2.41B | — | — | — | — |
| Operating income | -$20.6M | -$763.1M | -$797.3M | $56.9M | $154.9M | -$1.74B | — | $690.1M | $700.8M | $1.50B |
| Interest expense | — | — | — | — | — | — | — | $722.9M | $1.86B | $1.85B |
| Pre-tax income | -$473.7M | -$1.17B | -$1.16B | -$259.9M | -$150.0M | -$2.10B | — | -$24.1M | -$833.2M | -$296.2M |
| Income tax | $1.8M | $158.4M | $62.3M | $4.7M | $8.4M | $183.6M | $39.1M | $13.8M | $177.2M | $49.6M |
| Net income | -$472.9M | -$1.01B | -$1.10B | -$264.7M | -$159.2M | -$1.91B | — | -$201.9M | -$398.1M | -$302.1M |
| EPS, basic | -3.06 | -6.68 | -7.39 | -1.79 | -1.09 | -13.12 | — | -2.36 | -4.68 | -3.57 |
| EPS, diluted | -3.06 | -6.68 | -7.39 | -1.79 | -1.09 | -13.12 | — | -2.36 | -4.68 | -3.57 |
| Shares, diluted (wtd. avg.) | 154.3M | 151.3M | 149.3M | 148.1M | 146.7M | 146.0M | — | 85.4M | 85.0M | 84.6M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $270.9M | $259.6M | $346.4M | $336.7M | $352.6M | $721.2M | $411.6M | $63.1M | $311.3M | $855.7M |
| Receivables | $959.4M | $993.3M | $1.04B | $1.04B | $1.03B | $801.4M | $902.9M | $737.5M | $1.51B | $1.36B |
| Inventory | — | — | — | — | $3.2M | $1.2M | $507.0K | $355.0K | $22.5M | $22.1M |
| Total current assets | $1.46B | $1.36B | $1.51B | $1.47B | $1.47B | $1.62B | $1.42B | $932.3M | $2.07B | $2.50B |
| Property, plant and equipment | — | — | — | — | — | — | $846.9M | $502.2M | $1.88B | $1.95B |
| Goodwill | $1.11B | $1.11B | $1.72B | $2.31B | $2.31B | $2.15B | $3.33B | $3.32B | $3.34B | $4.07B |
| Other intangibles | $713.8M | $927.6M | $1.17B | $1.42B | $1.67B | $1.92B | $2.18B | $2.35B | $550.1M | $740.5M |
| Total assets | $5.13B | $5.57B | $6.95B | $8.34B | $8.88B | $9.20B | $11.02B | $10.71B | $12.26B | $12.85B |
| Accounts payable | $271.4M | $253.3M | $236.2M | $240.5M | $206.0M | $149.3M | $117.3M | $44.9M | $163.4M | $142.6M |
| Short-term debt | $73.4M | $22.5M | $340.0K | $664.0K | $673.0K | $34.8M | $8.9M | $53.2M | $14.97B | $342.9M |
| Total current liabilities | $967.4M | $870.3M | $848.4M | $831.8M | $849.4M | $717.8M | $667.4M | $480.1M | $16.35B | $1.67B |
| Long-term debt | $4.98B | $5.05B | $5.21B | $5.41B | $5.74B | $5.98B | $5.76B | $5.76B | $5.68B | $20.02B |
| Retained earnings | -$4.81B | -$4.34B | -$3.33B | -$2.23B | -$1.96B | -$1.80B | $112.5M | $0 | -$13.14B | -$12.73B |
| Total equity | -$1.83B | -$1.37B | -$384.8M | $684.5M | $915.8M | $1.05B | $2.95B | -$11.56B | -$11.34B | -$10.90B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $92.6M | $71.4M | $213.1M | $420.1M | $330.6M | $215.9M | — | $966.7M | -$491.2M | -$15.8M |
| Depreciation and amortisation | $360.0M | $409.6M | $428.5M | $445.7M | $469.4M | $402.9M | — | $212.0M | $275.3M | $635.2M |
| Stock-based compensation | $19.6M | $28.6M | $34.6M | $35.5M | $23.5M | $22.5M | — | $2.1M | $2.5M | $13.1M |
| Capital expenditure | $81.7M | $97.6M | $102.7M | $161.0M | $183.4M | $85.2M | — | $85.2M | $67.7M | $314.7M |
| Investing cash flow | -$66.2M | $508.0K | -$51.3M | -$129.2M | -$346.8M | -$147.8M | — | -$345.5M | -$214.7M | $533.5M |
| Financing cash flow | -$15.3M | -$158.3M | -$152.2M | -$306.1M | -$352.1M | $241.2M | — | -$491.8M | $151.3M | -$418.2M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-013221.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.89B | $3.58B | $3.61B | — | $2.95B | $3.56B | $3.91B | $3.75B | $3.85B | $3.86B |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | -$302.1M | -$398.1M | -$201.9M | — | -$1.91B | -$159.2M | -$264.7M | -$1.10B | -$1.01B | -$472.9M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Officer or director change Item 5.02
- Results announced Item 2.02
- Officer or director change Item 5.02
- Results announced Item 2.02
- Officer or director change Item 5.02
- Shareholder vote Item 5.07
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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| SGA | SAGA COMMUNICATIONS INC | $52.1M | — | -5.1% |
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| BBGI | BEASLEY BROADCAST GROUP INC | $13.8M | — | -14.3% |
| SPOT | Spotify Technology S.A. | — | — | — |
| TME | Tencent Music Entertainment Group | — | — | — |