iHeartMedia's CEO says big advertisers are holding back on spending because the economy is uncertain.

Nov 10, 2026, 11:46 AM ETResultsRead the original at Benzinga

Bad for IHRT

Podcast revenue rose 24.4%, the net loss narrowed, and management expects programmatic revenue to reach $400 million in 2027. But sales missed estimates, adjusted EBITDA fell, and major advertisers delayed spending, making the quarter's business picture negative.

IHRT · iHeartMedia Inc.

AI read · Bad for IHRT

The AI's read

Advertising pressure reaches a major part of the company's business, and management expects it to last through 2026. That makes a quick recovery harder to count on. Podcasting and audio services are growing, and the company expects programmatic sales to expand. Those gains help, but traditional and network advertising fell, and debt remains far larger than cash and available liquidity.

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