iHeartMedia stock falls two thirds after guidance cut

iHeartMedia shares fell about 66 percent in midday trading on Tuesday to around $0.60 after the radio group cut its full year adjusted EBITDA guidance to $550 million to $600 million, from about $800 million previously.

Why it matters: The collapse follows a third quarter in which broadcast radio revenue fell 5 percent and Multiplatform segment earnings fell 43 percent, leaving the heavily indebted group guiding to roughly $50 million of free cash flow for the year.

Data as of Company figures are iHeartMedia's own, from its third quarter earnings release filed with the SEC on November 9, 2026 (accession 0001628280-26-072146), read in full in this run. The share price move is as reported by Investing.com and Bloomberg on November 10, 2026. Developing item.

iHeartMedia shares fell about 66 percent in midday trading on Tuesday, to around $0.60 and a new 52-week low, after the company cut its full year 2026 adjusted EBITDA guidance to $550 million to $600 million from about $800 million and trimmed free cash flow guidance to roughly $50 million. The company’s own third quarter release, filed Monday evening, showed revenue of $1.03 billion, up 3.3 percent, but consolidated adjusted EBITDA of $170 million, down from $205 million a year earlier, as Multiplatform Group revenue fell 5 percent to $562 million and that segment’s earnings fell 43 percent, partly offset by podcast revenue up 24 percent to $174 million. Bloomberg reported the company’s debt also fell sharply in the selloff.

iHeartMedia stock falls two thirds after guidance cut

Sources