iHeartMedia, Inc. (NYSE: IHRT) reported third-quarter 2026 revenue of $997 million, roughly in line with the prior year but below Wall Street expectations. The company posted an adjusted-looking earnings miss as diluted earnings per share came in at -$0.06, compared with an estimate of -$0.071.
Profitability weakened sharply during the quarter. Gross profit was -$418.5 million, operating profit fell to $72.9 million, and net loss attributable to common shareholders totaled -$8.8 million. Cash from operating activities was $13.7 million, while capital spending remained elevated at $24.1 million.
The balance sheet showed cash and equivalents of $139.7 million and total liabilities of $6.9 billion. Investors reacted negatively to the update, with the stock down 15.25% after the close.
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
iHeartMedia, Inc. Hedge Fund Activity
We have seen 65 institutional investors add shares of iHeartMedia, Inc. stock to their portfolio, and 66 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 3,437,530 shares (+inf%) to their portfolio in Q2 2026, for an estimated $14,747,003
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC removed 2,257,469 shares (-39.6%) from their portfolio in Q2 2026, for an estimated $9,684,542
- SONA ASSET MANAGEMENT (US) LLC added 2,234,856 shares (+119.2%) to their portfolio in Q2 2026, for an estimated $9,587,532
- JPMORGAN CHASE & CO added 1,765,642 shares (+inf%) to their portfolio in Q2 2026, for an estimated $7,574,604
- BW GESTAO DE INVESTIMENTOS LTDA. added 1,573,466 shares (+inf%) to their portfolio in Q2 2026, for an estimated $6,750,169
- MARATHON ASSET MANAGEMENT LP added 1,475,000 shares (+inf%) to their portfolio in Q2 2026, for an estimated $6,327,750
- FOURSIXTHREE CAPITAL LP added 1,322,629 shares (+51.0%) to their portfolio in Q2 2026, for an estimated $5,674,078
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
