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iHeartMedia, Inc. IHRT Networks — Trade and barter revenues

Other product segments

Broadcast Radio
$361.44M+6.1%
Digital, excluding Podcast
$178.74M+11.6%
Podcast
$147.19M+26.9%
Audio and Media Services
$64.81M+11.8%
Sponsorship and Events
$27.99M-2.2%
Other
$6.72M+65.1%

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VSNTAdvertising — Revenue
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Other financials

Income statement

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Revenue$884.2M+9.6%
Operating income$1.5M+106%
Net income-$95.2M+66.1%
EPS (diluted)-$0.61+66.8%

Balance sheet

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Cash & equivalents$135.1M-19.5%
Total debt$5.8B-1.1%
Total assets$4.9B-7.2%

Cash flow

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Operating cash flow-$92.5M-51.8%
CapEx$21.9M+11.1%
Free cash flow-$114.5M-41.9%

Valuation

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Market cap$621.24M+130%
Enterprise value$6.25B+5.4%
P/S0.2×+0.1×

Profitability

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Operating margin-18.5%-18.7pp
Net margin-7.3%-3.2pp
FCF margin-0.6%

Returns & leverage

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Debt / equity2.4×
Current ratio1.5×-0.1×

Where this comes from

Reported directly by iHeartMedia, Inc. in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.

The official record: iHeartMedia, Inc.’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is iHeartMedia, Inc.'s networks — trade and barter revenues?
iHeartMedia, Inc. (IHRT) reported networks — trade and barter revenues of $97.25M in Q1 2026.
How has iHeartMedia, Inc.'s networks — trade and barter revenues changed year-over-year?
iHeartMedia, Inc.'s networks — trade and barter revenues decreased by 2.2% year-over-year, from $99.46M to $97.25M.
What is the long-term trend for iHeartMedia, Inc.'s networks — trade and barter revenues?
Over 4 years (2021 to 2025), iHeartMedia, Inc.'s networks — trade and barter revenues has grown at a -3.3% compound annual growth rate (CAGR), from $503.05M to $439.77M.
What does networks — trade and barter revenues mean?
This metric represents the value of non-cash transactions within the networks segment, where advertising inventory is exchanged for goods, services, or other media assets. It reflects the company's ability to monetize airtime through strategic partnerships and barter agreements rather than direct cash payments. Monitoring this figure helps investors understand the reliance on non-monetary revenue streams and the efficiency of inventory utilization within the broadcast network operations.