iHeartMedia Reports Q3 2026 Results with Digital Growth Amidst Multiplatform Softness
iHeartMedia (IHRT) reported third-quarter revenue of $1.03 billion, a 3.3% increase driven largely by strong performance in its Digital Audio Group. Podcasting revenue surged 24.4% to $173.7 million, fueled by improved CPM rates and increased inventory sales. However, the company's Adjusted EBITDA of $170 million missed previous guidance due to a 4.9% decline in Multiplatform Group revenue caused by macroeconomic headwinds and lower-than-expected political advertising.
Tickers: $IHRT
Topics: advertising demand EBITDA miss financial guidance podcasting revenue revenue growth
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Part of the story iHeartMedia Announces Podcasting Segment Breakout and Programmatic Growth Strategies (2 articles)