iHeartMedia, Inc.
Communication ServicesNASDAQ:IHRT · NASDAQ Global Select
+$0.04 today
Vol 0.66M · Avg 1.22M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$3.9B of revenue converted into -$286.9M of net income for the selected period. Gross margin is 56.3% and net margin is -7.5%, showing how much revenue survives after costs and taxes. EPS is $-1.85, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.9B +0.3% | $3.9B +2.8% | $3.8B -4.1% | $3.9B +9.9% | $3.6B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $1.6B +1.5% | $1.6B +6.3% | $1.5B +0.9% | $1.5B +11.8% | $1.3B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $2.3B -0.6% | $2.3B +0.4% | $2.3B -7.2% | $2.4B +8.9% | $2.2B | $8.9B | $7.6B | $6.2B |
| Gross Margin | 58.3% -0.5pp | 58.8% -1.4pp | 60.2% -2.0pp | 62.2% -0.6pp | 62.8% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $1.7B | $0 | $0 -100.0% | $1.6B +4.8% | $1.5B | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $2.1B -32.0% | $3.0B -0.8% | $3.1B +28.6% | $2.4B +14.3% | $2.1B | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $360.0M -12.1% | $409.6M -4.4% | $428.5M -3.9% | $445.7M -5.1% | $469.4M | $374.2M | $1.2B | $631.8M |
| EBITDA | $288.9M -49.2% | $569.2M -5.1% | $599.5M +13.2% | $529.4M -22.4% | $682.0M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 7.5% -7.3pp | 14.8% -1.2pp | 16.0% +2.4pp | 13.5% -5.6pp | 19.2% | 5.6% | 46.3% | 42.0% |
| Operating Income | $193.3M +125.3% | -$763.1M +4.3% | -$797.3M -1502.2% | $56.9M -63.3% | $154.9M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 5.0% +24.8pp | -19.8% +1.5pp | -21.3% -22.7pp | 1.5% -2.9pp | 4.4% | 16.6% | 24.1% | 22.0% |
| Interest Income | $0 | $0 | $0 | $0 | $0 | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $402.5M +6.1% | $379.4M -2.7% | $389.8M +14.1% | $341.7M +2.8% | $332.4M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$667.0M -64.8% | -$404.8M -10.8% | -$365.4M -16.1% | -$314.8M -3.3% | -$304.9M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | -$473.7M +59.4% | -$1.2B -0.4% | -$1.2B -350.7% | -$258.0M -72.0% | -$150.0M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | -12.3% +18.0pp | -30.3% +0.7pp | -31.0% -24.4pp | -6.6% -2.4pp | -4.2% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | -$1.8M +98.9% | -$158.4M -154.1% | -$62.3M -1421.0% | $4.7M -43.8% | $8.4M | $1.3B | -$1.6B | $745.2M |
| Net Income | -$472.9M +53.2% | -$1.0B +8.4% | -$1.1B -316.6% | -$264.7M -66.2% | -$159.2M | $4.9B | $4.8B | $4.7B |
| Net Margin | -12.2% +14.0pp | -26.2% +3.2pp | -29.4% -22.6pp | -6.8% -2.3pp | -4.5% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | -$3 +54.3% | -$7 +9.6% | -$7 -299.5% | -$2 -71.3% | -$1 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | -$3 +54.3% | -$7 +9.6% | -$7 -299.5% | -$2 -71.3% | -$1 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $155.2M +2.6% | $151.3M +1.4% | $149.3M +4.2% | $143.3M -2.4% | $146.7M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $155.2M +2.6% | $151.3M +1.4% | $149.3M +4.2% | $143.3M -2.4% | $146.7M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Entravision Communications Corporation
NYSE:EVC
$889.10M
AMC Networks Inc.
NASDAQ:AMCX
$442.79M
Gray Media, Inc.
NYSE:GTN
$402.73M
The E.W. Scripps Company
NASDAQ:SSP
$352.90M
National CineMedia, Inc.
NASDAQ:NCMI
$340.42M
Alliance Entertainment Holding Corporation
NASDAQ:AENT
$272.97M
Zhihu Inc.
NYSE:ZH
$263.12M
TechTarget, Inc.
NASDAQ:TTGT
$261.72M
CuriosityStream Inc.
NASDAQ:CURI
$150.59M
Upexi, Inc.
NASDAQ:UPXI
$63.95M
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does IHRT generate?
iHeartMedia, Inc. (IHRT) reported $3.86B of revenue in fiscal 2025.
Is IHRT profitable?
iHeartMedia, Inc. (IHRT) reported -$472,866,000.00 of net income, with a net margin of -12.2%.
Explore More
Continue the stock analysis
Jump to another research area for this company.