PR Newswire · Press release
IHRT SHAREHOLDER INVESTIGATION: SueWallSt Notifies Investors of Potential Securities Claims Involving iHeartMedia, Inc.
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iHeartMedia cut its full-year adjusted EBITDA outlook by up to $250 million after political advertising came in below expectations. SueWallSt notifies investors of a pending investigation into on behalf of shareholders who suffered losses.
NEW YORK, Nov. 11, 2026 /PRNewswire/ -- iHeartMedia, Inc. (NASDAQ: IHRT) shares fell approximately 35% to 37% in after-hours trading following the Company's November 9, 2026 third-quarter report. The report cut full-year Adjusted EBITDA guidance from approximately $800 million to $550 million to $600 million, citing lower-than-expected political advertising revenue, delayed advertiser spending, the faster shift toward programmatic audio buying, and a challenging macroeconomic environment. If you bought IHRT shares and lost more than a third of their value, you are encouraged to act now. Submit your IHRT loss details today, or contact Joseph E. Levi, Esq. via email at jlevi@SueWallSt.com or by telephone at (888) SueWallSt.
Management attributed the shortfall to four advertising-market factors:
- lower-than-expected political advertising
- advertisers delaying campaigns around the election
- a faster shift toward programmatic audio buying
- broader macroeconomic pressure
The weakness traced to the Company's core Multiplatform segment, which includes its broadcast radio business.
In its Form 10-Q, the Company reported that Multiplatform segment adjusted EBITDA declined 39.2% in the second quarter of 2026. The new full-year range of $550 million to $600 million sits $200 million to $250 million below the prior target, a reduction of roughly 25% to 31%.
SueWallSt notifies investors of a pending investigation into potential securities law violations on behalf of iHeartMedia investors who suffered losses.
Lost money on IHRT? Start your free shareholder loss review or call (888) SueWallSt.
WHY SUEWALLST: SueWallSt is powered by Levi & Korsinsky LLP. Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured billions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
Frequently Asked Questions About the IHRT Investigation
Q: Who is eligible to participate in the IHRT investigation? A: Investors who purchased IHRT stock or securities and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses -- not on whether you still hold the shares.
Q: How much did IHRT stock drop? A: Shares fell approximately 35% to 37% in after-hours trading after the Company reported third-quarter 2026 results and reduced its full-year Adjusted EBITDA guidance to $550 million to $600 million from approximately $800 million. Investors who purchased shares at allegedly inflated prices and suffered losses may be eligible to seek compensation.
Q: What do IHRT investors need to do right now? A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery. No immediate action is required to remain eligible to participate in the investigation.
Q: What documents do I need to participate? A: Brokerage statements or trade confirmations showing purchase dates, share quantities, prices paid, and any subsequent sale dates and prices.
Q: What if I already sold my IHRT shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought IHRT and sold at a loss may still participate in the investigation.
Q: What does it cost me to participate? A: There is no upfront cost to submit your information and review whether you may be eligible to recover. If you choose to participate in any resulting action, these matters are generally handled on a contingency basis, with any attorneys' fees and expenses subject to court approval.
Q: Do I need to go to court or give testimony? A: No. Participating in the investigation does not require court appearances or depositions. If legal action is later pursued, the overwhelming majority of affected investors never appear in court either.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
Tel: (888) SueWallSt
Fax: (212) 363-7171
Attorney Advertising. Prior results do not guarantee similar outcomes.
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SOURCE SueWallSt.com
