iHeartMedia reported Q1 2026 EPS of -$0.51, missing the forecast of -$0.33 by a wide margin. However, revenue beat expectations at $884.2 million versus $841.5 million forecast.
The mixed results led to a 14.61% drop in stock price. Digital audio and podcasting segments showed strong growth, with overall revenue up 9.6% year-over-year.
The EPS miss and higher operating expenses raised profitability concerns. The company projects Q2 2026 adjusted EBITDA between $140 million and $160 million.
