Media

iHeartMedia is scheduled to release its second-quarter 2026 financial results after market close on August 10, with a conference call at 4:30 p.m. ET. The company's own Q2 guidance, issued alongside Q1 results, projects consolidated Adjusted EBITDA of $140 million to $160 million, up from $92.6 million in Q1, alongside low-single-digit revenue growth. The release will also allow investors to measure segment performance against management's stated expectations, including roughly 10% Digital Audio Group revenue growth and podcasting revenue growth in the low 20s year over year.

The Arena Group's first-quarter 2026 results showed total revenue dropping to $20.4 million from $31.8 million a year earlier, driven by a near-halving of digital advertising revenue and a 37% decline in monthly page views attributed to search algorithm changes. The company swung to a $2.7 million net loss from $4 million in net income, while Adjusted EBITDA fell to $1.7 million from $9.7 million. Q2 results due August 10 will be the first public test of whether a new Playwire ad partnership, licensing growth, and the ShopHQ acquisition have begun to offset those pressures.

Perion Network posted $98.2 million in Q2 2026 revenue, down from $103.0 million a year earlier, with a GAAP net loss of $6.8 million and adjusted EBITDA of just $2.8 million. Channel spend figures told a different story: CTV grew 56%, Retail Media 60%, and DOOH 45% year over year, though these metrics measure advertiser spend routed through the platform rather than Perion's own recognized revenue. The divergence between strong channel spend growth and declining profitability is the central tension in the quarter, with management narrowing full-year contribution ex-TAC guidance to $215–$225 million.

Tencent Music's Q2 2026 results are due August 11, but the report will lack the paying-user and ARPPU figures that defined prior quarters, as the company discontinued those disclosures after Q4 2025. The most recent completed quarter showed music-related services revenue growing 12.2% year-over-year to RMB6.51 billion in Q1 2026, while social entertainment revenue fell 11.0% to RMB1.38 billion, a divergence that has persisted across multiple reporting periods. Analysts and investors will be limited to revenue and business-line mix comparisons unless TME reinstates the subscriber metrics.

HUYA will release its second-quarter 2026 financials before U.S. markets open on August 11, with the prior-year quarter showing total net revenue of RMB1,567.1 million and a net loss of RMB5.5 million. Starting in 2026, the company stopped regularly disclosing monthly active users and paying-user counts, meaning the upcoming report will not include those figures. Analysts tracking the platform's ongoing shift from livestreaming toward game-related services and advertising will have Q1 2026's 69.4% year-over-year growth in that combined revenue category as the nearest available benchmark.

Sohu.com posted $135.54 million in Q2 2026 total revenue, with online games contributing $116.17 million and marketing services $15.18 million, both exceeding the upper ends of prior guidance ranges. Online game revenue grew 10% year-over-year while marketing services fell 3% annually but rose 21% sequentially. For Q3, the company projects a net loss of $13 million to $23 million despite stable segment revenue guidance, and its board extended the $150 million ADS repurchase program indefinitely after buying back $124 million worth of shares.