iHeartMedia Q3 2026 earnings miss triggers 60% stock plunge and lower full‑year EBITDA guidance
iHeartMedia reported third‑quarter 2026 revenue of $1.03 billion, up 3.3% year‑over‑year, but missed Wall Street forecasts. Adjusted EBITDA fell to $170.5 million and EPS was a loss of $0.06 per share. The company cut its full‑year adjusted EBITDA outlook to $575 million and blamed weaker broadcast radio performance, especially a drop in political advertising revenue. The results sent the stock down roughly 60% in after‑hours trading.
Why it matters
The sharp share‑price decline and reduced EBITDA guidance signal a materially lower earnings outlook for the year, increasing downside risk for investors holding IHRT. The guidance cut also suggests the company may need additional cash or strategic actions to meet its financial targets.
Key facts
- 1Consolidated Q3 2026 revenue was $1.03 billion, up 3.3% year‑over‑year. investing.com
- 2GAAP earnings per share were a loss of $0.06. quiverquant.com
- 3Adjusted EBITDA for the quarter was $170.5 million. financialcontent.com
- 4Full‑year adjusted EBITDA guidance was set at $575 million at the midpoint. financialcontent.com
- 5The stock fell about 60% after the earnings release. seekingalpha.com
- 6Podcast revenue reached $174 million, up 24.4% year‑over‑year. investing.com
Open questions
- Stock decline reported as 60% versus 62.3%.
Summary written by AlphAI AI Desk from 9 of 9 sources. Not investment advice. Figures are as stated by the linked sources.