iHeartMedia, Inc. (IHRT) Stock

iHeartMedia, Inc. (IHRT) is a Communication Services stock trading at $2.79 (as of 2026-08-21), with a market capitalization of $440.00M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

iHeartMedia, Inc. is a media and entertainment company operating through the Multiplatform Group, Digital Audio Group, and Audio & Media Services Group. It provides broadcast radio and related sponsorship and events, including Premiere Networks and content delivered via radio and TV affiliates, along with digital audio offerings such as podcasts and iHeartRadio.

Understand iHeartMedia, Inc.: how it makes money

iHeartMedia runs broadcast radio stations and a national syndicated radio network, and it also monetizes digital audio and podcasting, generating revenue through offerings like sponsorship, live and virtual events, and syndicated program distribution to radio station affiliates.

Cash flow is driven by monetizing content and audience access across three linked revenue engines, broadcast and syndication (Multiplatform Group), digital audio and podcasting (Digital Audio Group), and additional audio and media services (Audio and Media Services Group).

Revenue by segment (latest quarter)
Multi-Platform	$0.5B
Digital Audio	$0.3B
Audio & Media Svcs	$0.1B

Business quality (Weak): The company has a clear multi-platform media model with sizable broadcast and digital footprints, but performance can be constrained by dependence on advertising and sponsorship demand and by the ability to sustain reach and engagement across both broadcast and podcasts.

Bull case

Large and measurable audience footprint: Broadcast Radio Assets Monthly Reach is reported at 90%, and Monthly People Reached by National and Local Websites is reported at 140,000,000.
Meaningful scale in syndicated radio distribution: Premiere Networks produces, distributes, or represents approximately 120 syndicated radio programs and services to approximately 6,400 radio station affiliates.
Podcast has a dedicated engagement KPI: Podcasting Engagement Rate is reported at 85%, supporting the idea that the company can sustain listener interaction in its podcasting business.

Bear case

Revenue sensitivity to advertising and sponsorship conditions: An explicit KPI tracks Advertising Revenue Market Share in Miller Kaplan Measured Markets, which suggests industry and market-share shifts can directly affect the monetization environment.
Local sales force dependence within podcasting: Podcasting Revenue Generated by Local Sales Force is reported at 47%, indicating a meaningful portion of podcast monetization depends on local sales execution.
Complexity of maintaining multiple content and distribution channels: The company operates Number of National and Local Websites at 3,000, implying ongoing operational demands to keep digital and media properties functioning and monetizable.

Valuation — source: SEC EDGAR (first-party)
Price	$2.79
Market Cap	$440.00M
EV / EBITDA	15.4
Price / Sales	0.11
FCF Yield	8.2%
DCF Value (model)	$3.37
DCF Upside vs Price	20.8%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$3.86B
Net Margin	-12.2%
Revenue Growth (YoY)	4.7%
EPS Growth (YoY)	-3.7%
FCF Growth (YoY)	-448.8%

Financial Health — source: SEC EDGAR
Altman Z-Score	-0.42 (distress)

Valuation vs Sector & Industry
Sector P/E (Communication Services)	24.3
Industry P/E (Communication)	17.9

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	Allianz Asset Management GmbH ($65.60M)
Institutional Holders Tracked	10

Company
Sector	Communication Services
Industry	Communication
CEO	Robert W. Pittman
Employees	8,080
Country	US
IPO Date	2019-07-01

Related Companies (Business model: Ad-Supported Digital Media / Social; 8 closest by market cap; US-domiciled)

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.