iHeartMedia slashed its full-year 2026 Adjusted EBITDA forecast from about $800 million to $550–600 million after disappointing Q3 results, causing its stock to drop over 60%. The company cited weak political ad revenue, delayed campaigns, a shift to programmatic audio ads, and a tough economic environment as reasons. Legal firm Levi & Korsinsky is investigating potential securities violations on behalf of shareholders who suffered losses. Investors who bought IHRT stock before the guidance cut may be eligible to recover losses without court appearances.
iHeartMedia investigation notice provides context for readers. For those tracking the Media sector, 28 of 57 US stocks rose and 27 fell on Pluang. Notable movers as of Nov 11, 2026 08:51 WIB include SKM at USD 33.97 (+5.14%), ECHO at USD 105.00 (+3.77%), and RUM at USD 5.25 (+3.35%).
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