secwatch.observer — SEC 8-K summary
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Issuer:     iHeartMedia, Inc. (IHRT)
CIK:        0001400891
Form:       8-K
Filed at:   2026-05-11T20:10:39+00:00
Accession:  0001628280-26-033471
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

iHeartMedia Q1 revenue up 9.6% to $884M; Adj EBITDA down 11% to $93M; reaffirms FY Adj EBITDA ~$800M
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- GAAP operating income of $1.5M vs loss of $25M a year ago; net loss $95.6M vs $280.9M.
- Digital Audio revenue $327M (+18%), podcast revenue $147M (+27%). Multiplatform revenue $493M (+4%) but segment EBITDA down 33%.
- Q2 2026 guidance: Adj EBITDA $140M-$160M. FY 2026: Adj EBITDA ~$800M, FCF ~$200M, minimal cash taxes.
- New $50M annualized cost savings program starting H2 2026; total in-year 2026 savings now $150M.
- Net debt $4.67B; net leverage target mid-fives by year-end 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1400891/000162828026033471/0001628280-26-033471-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1400891/000162828026033471/ihm-20260511.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-033471

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer