iHeartMedia (IHRT) falls as wider loss, weak EBITDA outlook offset revenue beat

iHeartMedia (IHRT) shares fell 13.8% in morning trading on May 15, 2026, after the audio and media company reported a wider-than-expected first-quarter loss and issued second-quarter profitability guidance below Wall Street estimates. First-quarter revenue rose 9.6% year over year to $884.2 million, topping analyst expectations. The company reported a GAAP loss of $0.61 per share, compared with consensus for a $0.54 loss. Adjusted EBITDA was $92.6 million, nearly 10% below expectations. iHeartMedia guided for second-quarter adjusted EBITDA of about $150 million at the midpoint, below analysts’ projections of $176.3 million. The company also reported cash burn of $114.5 million. Despite the decline, the stock remained up 14.7% year to date at $4.76, but traded 24.8% below its 52-week high of $6.33 reached in April 2026.