iHeartMedia’s Third Quarter 2026 Net Revenue Up 3.3%
Reporting on its financial results for the third quarter of 2026, iHeartMedia reveals net income of $1.03 billion – an increase of 3.3% over the same period a year ago (although revenue was up just 0.9% excluding political). Chairman and CEO Bob Pittman says, “We generated Adjusted EBITDA of $170 million. Our Digital 
Audio Group, led by podcasting, and our Audio and Media Services Group both continued to deliver strong results and profitability. Given the accelerating adoption of audio programmatic, we believe that the continuing rollout of our AudioGraph platform has the potential to meaningfully improve the performance of our broadcast radio business, enabling us to meet the advertising community the way they want to buy advertising.” The company reports a net loss of $8.2 million for the quarter, down significantly from the $65.8 million it reported a year ago. President and COO Rich Bressler adds, “In Q3 the Digital Audio Group’s revenue was $389 million, up 13.8% vs. prior year, and our Q3 Adjusted EBITDA margins were 32.8%. While this quarter was negatively impacted by a number of factors, we believe many of our revenue challenges are addressable – and beginning in 2027, we expect to establish podcasting as a separate reporting segment, which will provide greater insight into its financial performance and make it easier to fully value all four of our segments and our entire company.”
consumption (64%) comes from broadcast radio, yet up until today, it has lacked the targeting and measurement infrastructure available in digital. iHeartMedia’s broadcast radio stations reach more than 278 million consumers every month, and now with AudioGraph, for the first time, advertisers can plan, target, measure, and attribute that audience using privacy-safe, ID-informed insights with digital-like precision.”