iHeartMedia, Inc (IHRT) Income Statement
IHRT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsIHRT revenue and net income
Where IHRT's revenue goes
2025Each bar shows an amount and its share of revenue. IHRT kept −12.2% of revenue as net income.
IHRT profit margins
IHRT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +0.3% | −0.4% | +5.6% | −4.7% |
| Gross profit | −0.6% | −2.5% | +4.5% | −5.0% |
| Operating income | — | +50.4% | — | −16.3% |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
IHRT quarterly EPS vs estimates
iHeartMedia beat the analyst EPS estimate in 0 of the last 8 quarters. Next report: November 9, 2026 (estimate $0.00).
IHRT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.86B | $3.85B | $3.75B | $3.91B | $3.56B | $2.95B | $3.68B | $6.33B | $6.17B | $6.27B |
| Cost of revenue | $1.61B | $1.59B | $1.49B | $1.48B | $1.32B | $1.14B | $1.47B | $2.53B | $2.46B | $2.41B |
| Gross profit | $2.25B | $2.27B | $2.26B | $2.43B | $2.23B | $1.81B | $2.21B | $3.79B | $3.71B | $3.86B |
| Sales, general & admin | $1.69B | $1.69B | $1.66B | $1.59B | $1.52B | $1.40B | $1.61B | $1.53B | $1.85B | $1.73B |
| Total operating expenses | $2.06B | $3.03B | $3.05B | $2.38B | $2.08B | $3.55B | $1.61B | $1.79B | $1.83B | $2.35B |
| Operating income | $193.3M | −$763.1M | −$797.3M | $56.9M | $154.9M | −$1.74B | $606.2M | $690.1M | $700.8M | $1.50B |
| Interest expense | $402.5M | $379.4M | $389.8M | $341.7M | $332.4M | $343.7M | $266.3M | $334.8M | $1.87B | $1.85B |
| Income before taxes | −$473.7M | −$1.17B | −$1.16B | −$258.0M | −$150.0M | −$2.10B | $9.65B | −$24.1M | −$917.4M | −$290.5M |
| Income taxes | −$1.8M | −$158.4M | −$62.3M | $4.7M | $8.4M | −$183.6M | $59.2M | $13.8M | −$457.4M | −$50.5M |
| Net income | −$472.9M | −$1.01B | −$1.10B | −$264.7M | −$159.2M | −$1.91B | $9.47B | −$201.9M | −$393.9M | −$296.3M |
| EBITDA | $288.9M | $569.2M | $599.5M | $529.4M | $682.0M | $404.1M | $904.9M | $958.3M | $1.55B | $2.19B |
| EPS (diluted) | −$3.08 | −$0.49 | −$7.43 | $0.50 | −$0.78 | −$1.81 | $1.15 | −$2.38 | −$4.62 | −$1.05 |
| Gross margin | 58.3% | 58.8% | 60.2% | 62.2% | 62.8% | 61.4% | 60.1% | 60.0% | 60.1% | 61.5% |
| Operating margin | 5.0% | −19.8% | −21.3% | 1.5% | 4.4% | −58.9% | 16.5% | 10.9% | 11.4% | 24.0% |
| Net margin | −12.2% | −26.2% | −29.4% | −6.8% | −4.5% | −64.9% | 257.1% | −3.2% | −6.4% | −4.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $977.2M | $884.2M | $1.13B | $997.0M | $933.7M | $807.1M | $1.12B | $1.01B | $929.1M | $799.0M | $1.07B | $953.0M |
| Cost of revenue | $400.6M | $456.4M | $466.8M | $399.1M | $391.2M | $356.3M | $455.8M | $409.7M | $382.0M | $341.4M | $414.6M | $380.0M |
| Gross profit | $576.7M | $427.8M | $660.5M | $597.9M | $542.5M | $450.8M | $662.5M | $598.4M | $547.0M | $457.7M | $652.2M | $573.0M |
| Sales, general & admin | $461.6M | $426.2M | $761.6M | $414.4M | $413.1M | $380.8M | $408.7M | $418.8M | $431.6M | $408.7M | $466.0M | $393.6M |
| Total operating expenses | $541.2M | $416.9M | $574.8M | $714.1M | $507.1M | $476.2M | $557.9M | $521.7M | $1.46B | $492.4M | $572.4M | $504.0M |
| Operating income | $35.5M | $10.9M | $85.7M | −$116.3M | $35.4M | −$25.4M | $104.5M | $76.7M | −$909.7M | −$34.7M | $79.8M | $69.0M |
| Interest expense | $96.1M | $95.9M | $99.5M | $101.8M | $100.9M | $100.4M | $92.6M | $95.7M | $95.6M | $95.5M | $96.1M | $99.5M |
| Income before taxes | −$62.6M | −$95.3M | −$31.1M | $99.8M | −$65.7M | −$145.5M | −$102.7M | −$20.5M | −$1.01B | −$38.8M | −$18.9M | −$18.2M |
| Income taxes | $20.0M | $289,000 | $10.2M | $165.6M | $18.3M | $135.4M | −$134.6M | $20.8M | −$24.0M | −$20.7M | −$32.8M | −$9.3M |
| Net income | −$82.4M | −$95.2M | −$41.9M | −$66.3M | −$83.5M | −$281.2M | $31.5M | −$41.3M | −$981.7M | −$18.5M | $13.1M | −$9.1M |
| EBITDA | $111.8M | $81.9M | $156.1M | $291.7M | $128.3M | $46.8M | $88.7M | $178.5M | $114.9M | $161.9M | $1.13B | $179.2M |
| EPS (diluted) | −$0.41 | −$0.61 | −$0.27 | −$0.43 | −$0.54 | −$1.84 | $0.22 | −$0.27 | −$0.32 | −$0.12 | $0.09 | −$0.09 |
| Gross margin | 59.0% | 48.4% | 58.6% | 60.0% | 58.1% | 55.9% | 59.2% | 59.4% | 58.9% | 57.3% | 61.1% | 60.1% |
| Operating margin | 3.6% | 1.2% | 7.6% | −11.7% | 3.8% | −3.2% | 9.3% | 7.6% | −97.9% | −4.3% | 7.5% | 7.2% |
| Net margin | −8.4% | −10.8% | −3.7% | −6.6% | −8.9% | −34.8% | 2.8% | −4.1% | −105.7% | −2.3% | 1.2% | −0.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in IHRT's financial statements (latest annual report filed March 2, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
IHRT financial results
In fiscal year 2025 (ended December 31, 2025), iHeartMedia reported revenue of $3.9 billion, up 0.3% from the year before. It had a net loss of $472.9 million, a net profit margin of −12.2%. Diluted earnings per share came to −$3.08. Over five years revenue grew at an average rate of 5.6% a year.
See the IHRT stock overview for the latest quote and news, or the IHRT chart for price history and technical indicators.
IHRT income statement FAQ
What is iHeartMedia's annual revenue?
iHeartMedia reported total revenue of $3.9 billion for fiscal year 2025, which ended on December 31, 2025. That was up 0.3% from $3.9 billion the previous year.
Is iHeartMedia profitable?
No. iHeartMedia reported a net loss of $472.9 million in fiscal 2025, a net profit margin of −12.2%; its operating margin was 5.0%.
What is iHeartMedia's gross margin?
iHeartMedia's gross margin was 58.3% in fiscal 2025: for every $100 of revenue, iHeartMedia kept $58 after the direct cost of its products and services.
How fast is iHeartMedia growing?
Revenue grew 5.6% a year on average over the last five fiscal years, from $2.9 billion to $3.9 billion.
What are iHeartMedia's earnings per share?
iHeartMedia earned $-3.08 per diluted share in fiscal 2025, compared with $-0.49 a year earlier.
When will iHeartMedia report its next earnings?
iHeartMedia is expected to report results for the quarter ending September 30, 2026 on November 9, 2026 after the market closes.
When does iHeartMedia's fiscal year end?
iHeartMedia's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 2, 2026.