Another Sizable Net Loss For iHeartMedia

By
Adam Jacobson
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Richard Bressler, president of iHeartMedia; Bob Pittman, chief executive officer of iHeartMedia; Questlove; and Michael Kassan, chief executive officer of 3C Ventures, attend iHeartMedia, 3C Ventures and Condé Nest in Partnership with Capital One After Party featuring DJ set by Questlove at the Pavilion at Hotel du Cap-Eden-Rock during the Cannes Lions Festival on June 22, 2026 in Cap d'Antibes, France.
Richard Bressler, president of iHeartMedia; Bob Pittman, chief executive officer of iHeartMedia; Questlove; and Michael Kassan, chief executive officer of 3C Ventures, attend iHeartMedia, 3C Ventures and Condé Nest in Partnership with Capital One After Party featuring DJ set by Questlove at the Pavilion at Hotel du Cap-Eden-Rock during the Cannes Lions Festival on June 22, 2026 in Cap d'Antibes, France.

Here’s the good news when it comes to the second quarter earnings report from the nation’s leading audio content creator and distributor: revenue increased by more than $43.5 million in the three-month period ending June 30.


Here’s the not-so-pleasant news regarding iHeartMedia‘s Q2 performance: A net loss slightly lower than last year’s $83.48 million finish was logged by the company led by CEO Bob Pittman, COO Rich Bressler and CFO Mike McGuinness.

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