iHeartMedia (IHRT)
Runs broadcast radio, digital audio, podcasts, events, and media services for advertisers.
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Combines U.S. broadcast stations, national networks, iHeartRadio streaming, podcast publishing, events, and Katz/RCS services. The business grew from Clear Channel, relisted on Nasdaq after bankruptcy, and still depends on balancing traditional radio cash flow with digital audio growth and debt-service needs.
Operates a three-segment audio platform built around Multiplatform Group, Digital Audio Group, and Audio & Media Services Group. The footprint is concentrated in the United States, where owned radio stations, national networks, iHeartRadio, iHeartPodcasts, branded events, Katz representation, and RCS software give advertisers multiple audio channels.
The issuer traces back to Clear Channel and returned to Nasdaq through a direct listing after emerging from bankruptcy. Traditional broadcast remains the largest cash-generating base, while digital audio and podcasting provide the faster growth engine.
Execution depends on selling local and national advertising across radio, streaming, podcasts, events, and services. The balance sheet still carries meaningful leverage, so debt service and cost-savings programs shape operating flexibility.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jan 9, 2026 | Goldman Sachs | Downgrade | Target: $4 | Target: $3.50 |
| Nov 12, 2025 | Goldman Sachs | Reiterate | Rating: —Target: — | Target: $4 |
| Nov 12, 2024 | B of A Securities | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $174.4M · Total debt $5.76B · Total assets $4.85B · Shareholders' equity −$2.01B
- Revenue
- $977.2M
- Operating income
- $35.5M
- Net income
- −$82.4M
No dividends on record.
| Institutions | ≈ 66.53% | 102.97M shares | |
|---|---|---|---|
| 141 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 6.23% | 9.65M shares | |
| 11 holders · as of Jul 31, 2026 | |||
| Strategic holders | 15.74% | 24.36M shares | |
| 1 holder · as of Feb 14, 2022 | |||
| Other | ≈ 11.50% | 17.81M shares | |
| remainder | |||
154.79M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (154.79M in the company's Sep 22, 2026 report, 130.06M elsewhere); stakes use the report.
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Pacific Investment Management Company LLCStrategic | 15.74% | 24.36M | filed Feb 14, 2022 |
Allianz Asset Management GmbHInstitution | 12.79% | 19.79M A | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 5.75% | 8.89M A | as of Jun 30, 2026 |
Deutsche Bank AG\Institution | 4.16% | 6.44M A | as of Jun 30, 2026 |
Oak Hill Advisors LPInstitution | 4.01% | 6.20M A | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 9, 2026 | Robert W. Pittman | director, officer: Chairman and CEO | +16,349 | $2.97 |
| Mar 5, 2026 | Robert W. Pittman | director, officer: Chairman and CEO | +32,468 | $3.25 |
- Sirius XM
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- Townsquare Media
Local broadcast and programmatic-digital peer outside top 50 markets
- Beasley Broadcast Group
Mid-market radio and digital-ad peer with events and podcast capabilities
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| iHeartMedia | $2.41 | +0.21% | $312.8M | — | — | 0.1 | +4.7% |
| Sirius XM | $26.40 | −0.47% | $9.25B | 10.8 | 8.5 | 1.1 | +1.0% |
| Spotify | $501.30 | +0.01% | $106.24B | 32.7 | 31.3 | 5.1 | +10.5% |
| Townsquare Media | $5.02 | −0.99% | $85.5M | — | 27.4 | 0.2 | −0.1% |
| Beasley Broadcast Group | $16.91 | −1.11% | $30.3M | — | — | 0.2 | −16.7% |
| Median | 21.8 | 27.4 | 0.6 | +0.5% |