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iHeartMedia announces $50 million in additional cost cutting for 2026

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iHeart revenue surged almost 10%, primarily in the digital media division, but overall profits remained elusive. 8 of the last 9 quarters have been money losers for iHeart, with the sole profit being earned in the election quarter in 2024.

With today's earnings report, iHeartMedia reported another quarterly loss, and a "new cost savings" program totaling $50 million.

radioinsight.com

iHeartMedia Q1 Earnings Rise 9.6% Due To Podcast Revenue Growth

iHeartMedia released its 2026 Q1 earnings report showing a revenue gain of 9.6% to $884 million, GAAP Operating income of
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