iHeartMedia (IHRT) financial statements
iHeartMedia reported revenue of $3.9B in fiscal 2025, down 5.2% a year over 9 years.
Net income was -$473M and the operating margin -0.5%, against 18.4% in 2015.
Free cash flow was $11M.
The diluted share count rose 83% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from iHeartMedia's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.2B | $6.3B | $3.6B | $3.6B | $2.9B | $3.6B | $3.9B | $3.8B | $3.9B | $3.9B |
| Selling, general and admin | $1.7B | $1.7B | $1.3B | $1.4B | $1.4B | $1.5B | $1.6B | $1.7B | $1.7B | $1.7B |
| Operating income | $1.1B | $1.5B | $701M | $690M | -$1.7B | $155M | $57M | -$797M | -$763M | -$21M |
| Interest expense | $1.8B | $1.9B | $1.9B | $723M | — | — | — | — | — | — |
| Pre-tax income | -$651M | -$296M | -$833M | -$24M | -$2.1B | -$150M | — | -$1.2B | -$1.2B | -$474M |
| Income tax | $87M | -$50M | -$177M | $14M | -$184M | $8M | $5M | -$62M | -$158M | -$2M |
| Net income | -$755M | -$302M | -$398M | -$202M | -$1.9B | -$159M | -$265M | -$1.1B | -$1.0B | -$473M |
| EPS (diluted) | -$8.96 | -$3.57 | -$4.68 | -$2.36 | -$13.12 | -$1.09 | -$1.79 | -$7.39 | -$6.68 | -$3.06 |
| Diluted shares | 84M | 85M | 85M | 85M | 146M | 147M | 148M | 149M | 151M | 154M |
| Operating margin | 18.4% | 24.0% | 19.5% | 19.1% | -58.9% | 4.4% | 1.5% | -21.3% | -19.8% | -0.5% |
| Net margin | -12.1% | -4.8% | -11.1% | -5.6% | -64.9% | -4.5% | -6.8% | -29.4% | -26.2% | -12.2% |
Balance sheet
Fiscal years, from iHeartMedia's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $773M | $845M | $267M | $224M | $721M | $352M | $336M | $346M | $260M | $271M |
| Receivables | $1.4B | $1.4B | $1.5B | $869M | $801M | $1.0B | $1.0B | $1.0B | $993M | $959M |
| Inventory | $25M | $22M | $22M | $355,000 | $1M | $3M | — | — | — | — |
| Total current assets | $2.8B | $2.5B | $2.1B | $2.2B | $1.6B | $1.5B | $1.5B | $1.5B | $1.4B | $1.5B |
| Property, plant and equipment | $2.2B | $1.9B | $1.9B | $502M | $812M | $782M | $695M | $559M | $490M | $398M |
| Goodwill | $4.1B | $4.1B | $3.3B | $3.4B | $2.1B | $2.3B | $2.3B | $1.7B | $1.1B | $1.1B |
| Total assets | $13.7B | $12.9B | $12.3B | $7.9B | $9.2B | $8.9B | $8.3B | $7.0B | $5.6B | $5.1B |
| Total current liabilities | $1.7B | $1.7B | $16.4B | $1.2B | $718M | $849M | $832M | $848M | $870M | $967M |
| Long-term debt | $20.5B | $20.0B | $5.7B | $0 | $6.0B | $5.7B | $5.4B | $5.2B | $5.0B | $5.0B |
| Total liabilities | $24.3B | $23.8B | $23.6B | $23.8B | $8.2B | $8.0B | $7.7B | $7.3B | $6.9B | $7.0B |
| Shareholders' equity | -$10.6B | -$10.9B | -$11.3B | -$11.6B | $1.1B | $916M | $685M | -$385M | -$1.4B | -$1.8B |
| Net debt | $19.9B | $19.5B | $20.4B | -$178M | $5.3B | $5.4B | $5.1B | $4.9B | $4.8B | $4.8B |
Cash flow
Fiscal years, from iHeartMedia's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$77M | -$16M | -$491M | $967M | $216M | $331M | $420M | $213M | $71M | $93M |
| Capital spending | $296M | $315M | $68M | $85M | $85M | $183M | $161M | $103M | $98M | $82M |
| Free cash flow | -$374M | -$330M | -$559M | $881M | $131M | $147M | $259M | $110M | -$26M | $11M |
| Stock-based compensation | $11M | $13M | $2M | $2M | $23M | $24M | $35M | $35M | $29M | $20M |
| Net borrowing | $241M | -$414M | $90M | -$222M | $780M | $0 | -$300M | -$148M | -$151M | -$62M |
| Free cash flow margin | -6.0% | -5.3% | -15.6% | 24.4% | 4.4% | 4.1% | 6.6% | 2.9% | -0.7% | 0.3% |
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Open IHRT in InvestinglyQuestions
What was iHeartMedia's revenue in 2025?
$3.9B in fiscal 2025, from its 10-K filing.
How much free cash flow does iHeartMedia generate?
$11M in fiscal 2025 (operating cash flow minus capital spending).
From iHeartMedia's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.