iHeartMedia Posts Q1 Revenue Increase of 9.6%
iHeartMedia bucks the recent trend and posts a net income increase of 9.6% on $884 million during the first quarter of 2026. For the quarter it reports operating income of $1.5 million, compared to the operating loss it took in Q1 of 2025. The company posted a net loss of $95.6 million, down from the net loss of $280.8 million in posted a year ago. That’s the good news. Unfortunately for some staffers another round of cuts is coming as the company seeks to make its radio station operations profitable. President and COO Rich Bressler states, “In the first quarter, the Digital 
Audio Group continued its strong momentum, with revenues up 18% year over year, slightly ahead of our guidance, while our Podcasting revenues grew 26.9% compared to prior year, above our guidance. We are announcing a new savings initiative that will generate an additional $50 million of annualized savings, in addition to our previously announced $100 million of in-year 2026 savings, as well as now paying minimal cash taxes in 2026, which we expect will have a $150 to $200 million impact over the next 3 years. And today we are reaffirming our Full Year Adjusted EBITDA guide of $800 million and our Free Cash Flow guide of $200 million.” The company is also expecting the increase in programmatic revenue to be some $200 million (+50%) during 2026.
position to chief financial officer for iHeartMedia, effective January 1, 2026. At that time his salary will rise from $925,000 to $1.2 million and his bonus target increases to 150% of his base salary and his annual long-term incentive grant will have a target grant date fair value of $1.5 million. McGuinness’ employment contract runs through June 30 of 2030. McGuinness reports to former chief financial officer and current president and chief operating officer Rich Bressler.
TikTok creators, as well as a national broadcast and digital radio channel, and a series of live event integrations. iHeartMedia president, COO and CFO Rich Bressler says, “This partnership connects TikTok’s cultural energy and creator community with the unmatched scale and reach of iHeartMedia. We’re giving creators access to the biggest audio platforms in America – creating new ways to tell stories, entertain, and build deeper connections with fans. Together, we’re combining our vast networks to deliver relevant content on a massive scale. It’s a win for creators, fans, and brands alike.”
and networks revenue – decreased $20.5 million, or 4.2%, primarily resulting from a decrease in broadcast advertising in connection with continued uncertain market conditions. iHeartMedia chairman and CEO Bob Pittman says, “We are pleased with our Q1 results given the uncertain environment in which we are operating now, and we think these results demonstrate the resilience and relevance of our products and the tremendous growth opportunity we have with our podcast business in particular.” Company president, COO and CFO Rich Bressler adds, “In the first quarter, we generated Adjusted EBITDA of $105 million, flat to prior year, consistent with our previously provided guidance, and our consolidated revenues for the quarter were up 1% compared to the prior-year quarter, above our guidance of down low-single digits, driven by the Digital Audio Group revenues and Adjusted EBITDA growth of 16% and 28% respectively.”
comments, “Our second quarter results mark the first quarter that our consolidated revenues increased year-over-year since Q4 2022. We continue to see strong momentum in our podcast business, our Digital ex. Podcast business, and have seen sequential improvement of our Multiplatform Group’s year-over-year revenue performance. This performance is built on iHeartMedia’s strong and unparalleled audience and demonstrates the progress we are making in maximizing the monetization of it.” Company COO and CFO Rich Bressler adds, “We continue to see signs of improvement throughout our business and the broader advertising marketplace, and our second quarter 2024 results were in line with, and in the cases of revenue, slightly above guidance. Our high-growth Digital Audio Group revenues were up 10% year over year, and represented 31% of our company’s revenues, and our Multiplatform Group revenues exceeded our previously provided guidance. Our full year 2024 political revenues are currently pacing approximately 20% higher than the last presidential election cycle, which gives us confidence that this will be a record political year for us, and we expect to see a significant year-over-year improvement in our full year Adjusted EBITDA performance.”
President, will also become a Region Division president. In addition, Nick Gnau, formerly a Community Division president, will become a Metro Division president, and Shosh Abromovich and Dan Lankford will add Nick’s former Markets to their responsibilities as the Community Division presidents. Amy Leimbach, who served as senior vice president of sales for Austin, Dallas and San Antonio, will become president of those Markets. The company also announces changes that will enable it to increase its focus on a number of high-growth opportunities. Kevin LeGrett, president of the iHeart Sports Network, makes the transition from his role as division president of Los Angeles to now focus exclusively on leading and growing the company’s leading Political and Sports platforms. Additionally, Tony Coles, president of BIN: Black Information Network, now leads all multicultural efforts as the president of multi-cultural business and development. The new division presidents will report directly to Hartley Adkins, president of the iHeartMedia Markets Group, and Coles and LeGrett, as well as Adkins, will report to Rich Bressler, iHeart’s president, COO and CFO and CEO of the iHeartMedia Multi Platform Group. The company will be making this transition over the next few weeks.