iHeartMedia (IHRT) Expected to Announce Quarterly Earnings on Monday

Key Points

• iHeartMedia is set to report Q1 2026 results after the market on May 11, 2026, with analysts forecasting a loss of ($0.49) EPS and revenue of $871.5 million.
• The company recently missed EPS in the prior quarter, has negative net margin and ROE, its stock traded down to $6.11 (market cap ≈ $920M), and the analyst consensus is "Reduce" with an average price target of $4.25.
• CEO Robert W. Pittman bought 32,468 shares at $3.25 in March, and institutional investors now own about 93.89% of the company.

iHeartMedia (NASDAQ:IHRT - Get Free Report) is anticipated to announce its Q1 2026 results after the market closes on Monday, May 11th. Analysts expect the company to announce earnings of ($0.49) per share and revenue of $871.50 million for the quarter. Investors may review the information on the company's upcoming Q1 2026 earning report for the latest details on the call scheduled for Monday, May 11, 2026 at 4:30 PM ET.

iHeartMedia (NASDAQ:IHRT - Get Free Report) last announced its quarterly earnings data on Monday, March 2nd. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.06). iHeartMedia had a negative net margin of 12.24% and a negative return on equity of 1.63%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.10 billion.

iHeartMedia Trading Down 3.5%

NASDAQ IHRT traded down $0.22 on Monday, hitting $6.11. 688,137 shares of the company's stock traded hands, compared to its average volume of 858,462. iHeartMedia has a 1-year low of $1.01 and a 1-year high of $6.40. The firm's 50-day moving average price is $3.45 and its two-hundred day moving average price is $3.67. The firm has a market capitalization of $920.11 million, a PE ratio of -1.99, a P/E/G ratio of 60.69 and a beta of 2.33.

Analyst Ratings Changes

Several analysts have commented on IHRT shares. Weiss Ratings restated a "sell (d-)" rating on shares of iHeartMedia in a research note on Tuesday, April 21st. The Goldman Sachs Group cut shares of iHeartMedia from a "neutral" rating to a "sell" rating and decreased their price objective for the company from $4.00 to $3.50 in a research note on Friday, January 9th. Two research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, iHeartMedia currently has an average rating of "Reduce" and an average price target of $4.25.

Insider Activity

In other news, CEO Robert W. Pittman bought 32,468 shares of the firm's stock in a transaction that occurred on Thursday, March 5th. The stock was purchased at an average cost of $3.25 per share, for a total transaction of $105,521.00. Following the purchase, the chief executive officer directly owned 6,214,937 shares in the company, valued at approximately $20,198,545.25. This trade represents a 0.53% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On iHeartMedia

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new stake in iHeartMedia in the 4th quarter worth $78,000. Mercer Global Advisors Inc. ADV purchased a new stake in iHeartMedia in the 4th quarter worth $52,000. Sona Asset Management US LLC increased its holdings in iHeartMedia by 2,693.8% in the 4th quarter. Sona Asset Management US LLC now owns 1,623,571 shares of the company's stock worth $6,754,000 after acquiring an additional 1,565,457 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in iHeartMedia in the 4th quarter worth $663,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in iHeartMedia by 7.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 118,957 shares of the company's stock worth $495,000 after acquiring an additional 7,785 shares in the last quarter. Hedge funds and other institutional investors own 93.89% of the company's stock.

About iHeartMedia

iHeartMedia, Inc NASDAQ: IHRT is a leading media and entertainment company specializing in radio broadcasting, digital streaming and live events. The company operates more than 860 full-power AM and FM radio stations across the United States, delivering music, news, sports and talk programming to local markets. Through its flagship digital platform, iHeartRadio, the company provides listeners with free and subscription-based access to thousands of live radio stations, curated music playlists and on-demand podcasts.

Originally founded in 1972 as Clear Channel Communications, the business rebranded to iHeartMedia in 2014 to reflect the growing importance of its digital and event-driven offerings.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.