iHeartMedia (NASDAQ:IHRT) misses Q3 2026 revenue estimates, stock drops 36.9%
iHeartMedia reported Q3 2026 revenue of $1.03 billion, missing estimates by 3.3%. EPS was -$0.06, missing by $0.03. Adjusted EBITDA was $170.5 million, missing by 15.2%. Full-year EBITDA guidance was set at $575 million, below consensus. Operating margin improved to 7.1%, and free cash flow was -$10.39 million, an improvement from the previous year.
How this was made
The 30-second read
Why it matters
The earnings miss and guidance cut are likely to drive a sharp sell‑off, with the stock already down 36.9% on the news.
Market read
The earnings miss is a primary catalyst for immediate price action and may affect sector sentiment.
What to watch
Potential cost reductions and upcoming digital ad initiatives could mitigate the short-term impact.
Background
iHeartMedia reported its Q3 2026 results, missing revenue and earnings estimates and cutting full-year EBITDA guidance.
Ticker impact
Q3 2026 earnings miss: revenue $1.03B vs $1.05B estimate, EPS -$0.06 vs -$0.03, EBITDA miss and lowered full-year guidance.
likely pressure as the market prices in the revenue and earnings miss and lower guidance.
The miss is material, the stock fell 36.9% on the news, and guidance is well below consensus.
Market effects
Media and broadcasting sector may see broader pressure as peers' earnings expectations are reassessed.
U.S. equity markets could see a modest pullback in consumer discretionary and communication services indexes.
Limited to U.S. markets; no immediate global ripple.
Counterpoint
If the miss is viewed as a temporary setback and cash flow improves, the stock could be a buying opportunity at lower levels.
Key entities
- CompanyiHeartMedia
U.S. media and entertainment company (NASDAQ:IHRT) reporting Q3 2026 earnings.
