iHeartMedia (IHRT) Operating Expenses (2010 - 2026)
iHeartMedia (IHRT) recorded Operating Expenses of $461.62 million in Q2 2026, up 11.8% from $413.08 million a year earlier and up 8.3% from the prior quarter.
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Analysis
iHeartMedia (IHRT) Operating Expenses (2010 - 2026) Analysis & Trends
On a TTM basis, iHeartMedia's Operating Expenses came in at $1.78 billion as of Jun 30, 2026, down 13.3% year-over-year; for FY2025, it was $1.69 billion, down 0.4% from FY2024.
- Annual Operating Expenses has a five-year compound annual growth rate of -6.9% (FY2020 to FY2025).
- Across earlier years, Operating Expenses came in at $1.69 billion in FY2024 (-44.6%), $3.05 billion in FY2023 (+3.1%), $2.96 billion in FY2022 (+7.8%) and $2.75 billion in FY2021 (+14.0%).
- Quarterly Operating Expenses has ranged from $380.79 million in Q1 2025 to $858.57 million in Q4 2023 over the past five years.
- On a year-over-year basis, Operating Expenses has increased for three consecutive quarters, with an average decline of 19.0% over the last eight quarters.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 19.8% in Q3 2021, against a decline of 48.4% in Q3 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $426.19 million (Q1 2026), $479.32 million (Q4 2025) and $414.42 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Warner Bros. Discovery | 77.70 Bn | 63.36 Bn | 4.10 Bn | 8.48 Bn |
| 2 | Fox | 28.70 Bn | 14.51 Bn | - | 2.38 Bn |
| 3 | Omnicom | 22.67 Bn | 4.76 Bn | 1.30 Bn | 5.64 Bn |
| 4 | News | 16.99 Bn | 8.48 Bn | - | 991.00 Mn |
| 5 | Pearson | 11.87 Bn | 8.98 Bn | - | - |
| 6 | New York Times | 11.31 Bn | 8.80 Bn | 394.61 Mn | 644.44 Mn |
| 7 | Sirius Xm Holdings | 9.22 Bn | 8.80 Bn | 1.44 Bn | 1.69 Bn |
| 8 | Skydance | 7.82 Bn | 5.74 Bn | - | - |
| 9 | Wpp | 5.70 Bn | -6.34 Bn | - | - |
| 10 | iHeartMedia | 253.12 Mn | -519.58 Mn | 576.68 Mn | 461.62 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 461.62 Mn |
| Mar 31, 2026 | 426.19 Mn |
| Dec 31, 2025 | 479.32 Mn |
| Sep 30, 2025 | 414.42 Mn |
| Jun 30, 2025 | 413.08 Mn |
| Mar 31, 2025 | 380.79 Mn |
| Dec 31, 2024 | 458.09 Mn |
| Sep 30, 2024 | 803.55 Mn |
| Jun 30, 2024 | 778.89 Mn |
| Mar 31, 2024 | 694.42 Mn |
| Dec 31, 2023 | 858.57 Mn |
| Sep 30, 2023 | 749.21 Mn |
| Jun 30, 2023 | 728.83 Mn |
| Mar 31, 2023 | 717.82 Mn |
| Dec 31, 2022 | 810.25 Mn |
| Sep 30, 2022 | 736.69 Mn |
| Jun 30, 2022 | 716.82 Mn |
| Mar 31, 2022 | 698.24 Mn |
| Dec 31, 2021 | 767.85 Mn |
| Sep 30, 2021 | 697.84 Mn |
API Access
iHeartMedia Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=IHRT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "IHRT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=IHRT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();