Levi & Korsinsky Notifies Investors of Pending Investigation Into Securities Claims Involving iHeartMedia, Inc. (IHRT)

NEW YORK CITY, NY / ACCESS Newswire / November 12, 2026 / Levi & Korsinsky notifies investors that it has commenced an investigation into iHeartMedia, Inc. ("iHeartMedia, Inc.") (NASDAQ:IHRT) concerning potential violations of the federal securities laws.

iHeartMedia, Inc. shares fell approximately 35%-37% after hours after the Company reported third-quarter revenue and adjusted EBITDA that missed Wall Street consensus estimates and its own guidance, alongside a full-year guidance cut. For the third quarter, the Company reported revenue of approximately $1.03 billion, below consensus estimates of roughly $1.05-$1.07 billion. Third-quarter adjusted EBITDA of approximately $170 million fell below the Company's guidance range of $180 million to $220 million issued in an August 10, 2026 earnings release. Full-year adjusted EBITDA guidance was reduced from approximately $800 million to $550-$600 million. Management attributed the weakness to lower-than-expected political advertising, advertisers delaying campaigns around the election, a faster shift to programmatic audio buying, and broader macroeconomic pressure. Previously, during an August 10, 2026 earnings call, Richard J. Bressler, President, COO and CFO, stated, "Turning to the full year, we are reaffirming our full year adjusted EBITDA guidance of $800 million and our free cash flow guide of $200 million." The investigation concerns whether iHeartMedia, Inc. adequately disclosed shifts toward programmatic audio buying and softness in political advertising demand ahead of its full-year guidance reduction.

If you purchased NASDAQ:IHRT securities and suffered a loss, contact the firm to review your shareholder rights or call at (212) 363-7500 to speak to our team.

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SOURCE: Levi & Korsinsky, LLP