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iHeartMedia, Inc. IHRT Digital Audio Group — Direct operating expenses

Other segment segments

Multiplatform Group
$204.42M-6.3%
Audio & Media Services Group
$8.06M+7.8%

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Other financials

Income statement

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Revenue$977.2M+4.7%
Operating income$35.5M+0.4%
Net income-$82.4M+1.3%
EPS (diluted)-$0.52+3.7%

Balance sheet

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Cash & equivalents$174.4M-26.1%
Total debt$5.8B-2.3%
Total assets$4.9B-9.8%

Cash flow

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Operating cash flow-$92.5M-51.8%
CapEx$18.9M-5.3%
Free cash flow-$114.5M-41.9%

Valuation

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Market cap$583.45M+142%
Enterprise value$6.17B+4.6%
P/S0.2×+0.1×

Profitability

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Operating margin-18.5%-18.7pp
Net margin-7.2%-1.7pp
FCF margin-0.6%

Returns & leverage

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Debt / equity2.4×
Current ratio1.4×-0.1×

Where this comes from

Reported directly by iHeartMedia, Inc. in its filing.

Tagged under the XBRL concept ihrt:DirectOperatingExpensesAdjusted.

The source filing: iHeartMedia, Inc.’s 10-Q, filed August 10, 2026.

Filed
Aug 10, 2026, 4:18 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-055252
(In thousands)Three Months Ended June 30, 2026 / Multiplatform GroupThree Months Ended June 30, 2026 / Digital Audio GroupThree Months Ended June 30, 2026 / Audio & Media Services Group
Revenue$535,667$364,080$80,465
Direct operating expenses(1)204,422183,2808,060
Selling, general and administrative expenses(2)272,63657,62435,742
Segment Adjusted EBITDA$58,609$123,176$36,663

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is iHeartMedia, Inc.'s digital audio group — direct operating expenses?
iHeartMedia, Inc. (IHRT) reported digital audio group — direct operating expenses of $183.28M in Q2 2026.
How has iHeartMedia, Inc.'s digital audio group — direct operating expenses changed year-over-year?
iHeartMedia, Inc.'s digital audio group — direct operating expenses increased by 13.3% year-over-year, from $161.81M to $183.28M.
What is the long-term trend for iHeartMedia, Inc.'s digital audio group — direct operating expenses?
Over 3 years (2022 to 2025), iHeartMedia, Inc.'s digital audio group — direct operating expenses has grown at a 7.1% compound annual growth rate (CAGR), from $533.81M to $655.04M.
What does digital audio group — direct operating expenses mean?
Costs directly attributable to the production and delivery of digital audio content, including content acquisition, royalties, and technical distribution costs. This metric is critical for evaluating the segment's gross margin and the efficiency of its content delivery model. It helps investors understand the variable cost structure required to scale digital operations.

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