iHeartMedia (IHRT) Faces Q1 Earnings Test After 65.5% Share Surge

iHeartMedia (NASDAQ: IHRT) is scheduled to report first-quarter earnings on May 18, 2026, after the market close, with analysts expecting revenue to rise 7.7% year over year. The company reported $1.13 billion in revenue last quarter, roughly flat from a year earlier and above analyst expectations, but missed adjusted operating income and earnings-per-share estimates. iHeartMedia has missed Wall Street revenue forecasts multiple times over the past two years. Broadcasting peers have posted mixed early results. E.W. Scripps revenue fell 1.4% year over year, in line with expectations, while Paramount revenue rose 2.2%, beating estimates by 1%. Their shares fell 3.1% and 4.1%, respectively, after results. iHeartMedia shares have gained 65.5% over the past month, outpacing the broadcasting group’s average 5% rise, and trade at $5.96 versus an average analyst price target of $3.13.