Reading IHRT? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track IHRT free→Reading IHRT? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track IHRT free→NASDAQCommunication ServicesBroadcastingSnapshot 2026-06-16
Recent financial performance sits below its industry cohort — worth keeping an eye on, though it has not freshly broken.
As of June 16, 2026, IHRT's recent financial performance is neutral, and management's track record has been steady. The company was unprofitable over the past year, so its earnings quality can't be assessed. Risk is high, and the sector backdrop is a headwind, which may impact performance compared with sector peers, where it is typical. Peer multiples imply a price about 89% above where it trades (it looks cheap on this basis); the read is cheap, value-trap risk, as it trades below peer multiples, but recent financials are weak or earnings quality is fragile, historically a value-trap pattern. This read is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 1 valuation methods, at three horizons. Current price $3.99. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $3.99 IHRT trades at 0× p/s, below its 1× p/s peer median. Our $36 fair value sits above the price; low confidence. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The price implies about 89% below a flat-multiple fair value, below our forecast of about 0%. This describes what's priced in, not a forecast of the move.
TTM earnings are negative, so the read leans on sales- and cash-flow-based methods rather than P/E. This is a data condition, not a forward call.
No fragility gates fired. Regime (Mania) does not concentrate fragility.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Communication Services names rated neutral grew net income 46% of the time over the next year (vs 61% for the rest of the cohort, n=902).
Over the trailing year it converted -0.21x of net income into operating cash flow.
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity.
4 material management or governance events in the past 24 months, led by executive changes. Historically, Communication Services names rated stable grew net income 66% of the time over the next year (vs 56% for the rest of the cohort, n=208).
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $-0.15 → $-0.33 (-124.2% / 30d). 0 raised, 3 cut, 3 covering analysts.
0 upgrades, 0 downgrades / 30d. 0% of analysts rate Buy.
0 positive, 0 negative / 30d.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$347.
How much price usually moves either way.
On a bad day, this stock has moved -$698.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $5,118.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
No material changes since the prior snapshot.
as of 2026-06-16
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: Hitting this target would show progress toward the $800M goal for FY 2026.
Confirms:Q2 Adjusted EBITDA reported at $200M or higher.
Disproves:Q2 Adjusted EBITDA was less than $200M.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
Advances: Achieve $800M Adjusted EBITDA for FY 2026
Profit shift supports revenue growth objective.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
Results of Operations and Financial Condition On May 11, 2026 , iHeartMedia, Inc. issued a press release announcing its financial results for the quarter ended March 31, 2026. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. In accordance with General Instruction B.2 of Form 8-K, the information in this report, including Exhibit 99.1, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 (the…
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
TTM earnings are negative. P/E-based methods drop out and the estimate leans on sales- and cash-flow-based methods. A data condition, not a forward call.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Looks more expensive than peers.
Self-history needs ~20 months of data.
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1
A side-by-side read on sector standing, valuation, and risk versus Broadcasting.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
IHRT iHeartMedia, Inc. | Typical Show detailsSector percentile: 43 of 100 | inexpensive | high |
WBD Warner Bros. Discovery | Below typical Show detailsSector percentile: 28 of 100 | expensive | moderate |
FOXA Fox Corporation (Class A) | Above typical Show detailsSector percentile: 83 of 100 | fair | moderate |
FOX Fox Corporation (Class B) | Above typical Show detailsSector percentile: 90 of 100 | inexpensive | moderate |
NXST Nexstar Media Group | Above typical Show detailsSector percentile: 99 of 100 | fair | moderate |
Not investment advice. As of 2026-06-16.
via XLC
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-16.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Management aims to increase consolidated revenue by low-single digits for the upcoming quarter.
Management reaffirms its full-year Adjusted EBITDA guidance of $800 million.
Management has set a target to generate $200 million in free cash flow for the fiscal year 2026.
Why it matters: Achieving this would indicate progress towards the $200M target for FY 2026.
Confirms:Free Cash Flow reported at $50M or more for Q2.
Disproves:Free Cash Flow reported below $50M for Q2.
Why it matters: If revenue grows, it may show a recovery in a struggling sector.
Confirms:Q2 revenue growth reported at greater than 0% year over year.
Disproves:Q2 revenue growth reported below 0% year over year.
Threatens: Achieve $800M Adjusted EBITDA for FY 2026
EPS miss raises concerns about revenue growth.
Threatens: Increase revenue low-single digits
Revenue miss impacts EBITDA and cash flow goals.
Advances: Achieve $800M Adjusted EBITDA for FY 2026
Acquisition enhances revenue potential.
Advances: Achieve $800M Adjusted EBITDA for FY 2026
Acquisition supports revenue growth objective.
The filing describes a stockholder-approved amendment to the company's long-term incentive plan.
Results of Operations and Financial Condition On March 2, 2026 , iHeartMedia, Inc. issued a press release announcing its financial results for the quarter and year ended December 31, 2025. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. In accordance with General Instruction B.2 of Form 8-K, the information in this report, including Exhibit 99.1, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act…
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On November 25, 2025, iHeart Management Services, Inc., a subsidiary of iHeartMedia, Inc. (together with its subsidiaries, the “Company”), entered into the Third Amendment to the Employment Agreement, effective September 5, 2019, between the Company and Michael McGuinness (the “Amendment”). Pursuant to the Amendment, effective January 1, 2026 (the…
Results of Operations and Financial Condition On November 10, 2025 , iHeartMedia, Inc. issued a press release announcing its financial results for the quarter ended September 30, 2025. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. In accordance with General Instruction B.2 of Form 8-K, the information in this report, including Exhibit 99.1, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of…