Iheartmedia, Inc. · NASDAQ:IHRT
Iheartmedia — Investor Presentation (September 2026)
21 slides from Iheartmedia's investor presentation, September 2026
Slide 1: September Investor Materials
September Investor Materials America’s #1 Audio Company Reaching 9 Out of 10 Americans Every Month Radio + Podcasts + Streaming + Influencers + Live Events Guaranteed Human
Slide 2: Forward-Looking Statements
Forward - Looking Statements Certain statements in this presentation constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause th
Slide 3: Why Do We Believe Radio Revenue Will Grow?
Why Do We Believe Radio Revenue Will Grow? 1 The Audience more radio listeners today than 20 years ago 2 The Scale of the Audience radio is THE reach medium with over 90% of US reach The Dominance of Radio Listening in the Car 85% of Americans report that radio is the last media 3 they use before pu
Slide 4: Radio has the #1 Reach of All Media
Radio has the #1 Reach of All Media Broadcast Radio % of Users (Reach) – Adults 18+ Digital Audio TV Social Networks 93% 76% 71% 66% 64% 58% 53% 42% 38% 37% Broadcast Radio Digital Audio Digital Audio Free Ad - YouTube Linear TV Facebook Podcasts Instagram TikTok Streaming (all) Streaming (free) Sup
Slide 5: iHeart Broadcast Radio has #1 Reach
iHeart Broadcast Radio has #1 Reach Ad - enabled Monthly Reach in the U.S. 88% 76% 64% According to Nielsen. 53% 38% 37% 32% 19% 16% 13% 12% 10% iHeart YouTube Facebook Instagram TikTok CBS iHeart Spotify ESPN Pandora CNN SiriusXM Broadcast TV Digital (Ad Supported) (Ad Supported) Radio Source: Broa
Slide 6: Adding audio to existing media improves the performance of other media
Adding audio to existing media improves the performance of other media +83 % +109 % +47 % +81 % Social Digital & social Branded CTV performance engagement search activity incremental reach 6 Source: ARN Neurolab Study, 2023; Critical Mass Media Study, March 2025; DISQO Podcast Effectiveness Study, 2
Slide 7: Dominance of Radio Listening in the Car
% Share of Time Spent with Ad - Enabled Audio in Car – Adults 18+ Dominance of Radio Listening Podcasts in the Car 7% Spotify 2% 83 % 4% Other Streaming Music/Radio The typical U.S. driver now spends 49 hours a year in traffic, a six - hour increase over 2024. AM/FM Radio 4% SiriusXM Radio continues
Slide 8: We impact both parts of the marketing formula
We impact both parts of the marketing formula: Number of Consumers The The Response Rate Who Hear Results the Marketing Message = 8
Slide 9: AudioGraph
AudioGraph America’s #1 Audio Company Reaching 9 Out of 10 Americans Every Month Radio + Podcasts + Streaming + Influencers + Live Events Guaranteed Human
Slide 10: Building The Capabilities To Take Advantage Of Growing Markets & Moving Radio Into Automated Buying
Building The Capabilities To Take Advantage Of Growing Markets & Moving Radio Into Automated Buying Programmatic/ Automated : $ 251B 1 Source: MAGNA Global Ad Forecast (Summer 2024), PWC Media Outlooks, Statista, eMarketer 10 1. 2027 Programmatic TAM is grown at a 5-year programmatic CAGR of 15.5% c
Slide 11: The Challenge / The Goal
The Challenge The Goal The market continues to move quickly to automated buying Make broadcast inventory platforms available to all agencies and advertisers, so it is as easy to transact as digital The market is leading with digital and using broadcast to amplify Addressable Measurable The market ne
Slide 12: 64% of ad-enabled audio is out of reach for digital buyers
While listening is at record highs, 64 % of ad - enabled audio is out of reach for digital buyers Percentage of time spent with Ad - Enabled Audio 19 % Podcasts 64 % 17% 3H 54M AM/FM Radio Streaming Avg Daily Audio Consumption Digital Audio Streaming (Nielsen/Edison) Ad - Enabled Spotify Ad - Enable
Slide 13: How Brands Use AudioGraph
How Brands Use AudioGraph Turn audience intelligence into measurable business outcomes. 1. Plan 2. Activate 3. Measure 4. Optimize Define your Reach them at scale Track impact. Improve audience. via your preferred performance. DSP. 1st or 3 rd party targeting segments. Exposed users are matched Refi
Slide 14: How AudioGraph works (1/2)
How AudioGraph works (1/2) 1. Collect listener signals 2. Resolve + Enrich IDs 3. Create Unified ID 4. Activate Smarter Targeting Data from streaming, podcast, Match via TransUnion and layer in Increase addressable audience for Project broadcast listeners to a station and device interactions 600+ au
Slide 15: How AudioGraph works (2/2)
How AudioGraph works (2/2) 5. Place Ads where 6. Confirm Impressions 7. Track Customer Actions 8. Attribute Revenue Audiences are Listening Each ad exposure is tagged and The same Unified ID is linked to in - to Broadcast Ads are delivered in the stations, and matched to Unified IDs in the store or
Slide 16: Product Validation Success
Product Validation SUCCESS Latest round of testing covered 10 campaigns across 10 brands • Verticals: Home Improvement, Wine/Spirits Retailer, Professional Networking Site, Casual Dining Restaurant & Home Furnishing Retailer Tests were designed to validate that AudioGraph can: ✓ Predict ID - level r
Slide 17: Podcasting
Podcasting America’s #1 Audio Company Reaching 9 Out of 10 Americans Every Month Radio + Podcasts + Streaming + Influencers + Live Events Guaranteed Human
Slide 18: #1 Podcasting Business With Strong Financials
#1 Podcasting Business With Strong Financials ~1,000% Podcast Revenue Growth Over Six Years Podcast Revenue $ 564 M $ 358 M iHeart Is #1 Podcast Publisher $ 53 M 150M 31M 947 U.S Monthly Downloads Monthly Audience Active Shows FY19 FY22 FY25 Source: Podtrac Monthly Ranker, August 2026 18
Slide 19: Leading Podcast Publisher Across All Podtrac Categories
And Leading Podcast Publisher Across All Podtrac Categories Most Shows In Podtrac Most Shows In Podtrac Most Shows In Podtrac RANKING THE TOP 10 1MM+ LISTENS* BY CATEGORY 91 29 32 27 15 17 15 6 5 #1 in total Downloads for #1 in unique U.S. Listeners The Only Network with shows in 74 consecutive mont
Slide 20: iHeartRadio Strategically Positioned in the Podcast Value Chain
iHeartRadio Strategically Positioned in the Podcast Value Chain1 High Value Low Value PODCAST PUBLISHERS PODCAST SALES REPS. DISTRIBUTORS • Control/produce all content • Sell/backfill podcasts for certain • Carry podcasts on platform • Publish content across multiple Publishers • No economics unless
Slide 21: Dynamics Driving the Future of Podcasting
Dynamics Driving the Future of Podcasting Revenue growth from: And local sales force increases revenue • More consumers of podcasts Podcasts Revenue (% composition) $162M • Consumers listening to more episodes and more podcasts • Creating more ad units with 50% National specialized inventory • Highe