iHeartMedia Stock Plummets on Earnings | Business and Finance News

iHeartMedia’s stock plummeted 24% after missing earnings expectations, despite narrowly hitting revenue targets — a brutal combo of bad results and weak future guidance that sent investors fleeing. The company’s already volatile shares are now down nearly 30% this year, trading far below their peak, with a five-year investment losing over 90% of its value. In a tough market, profitability gaps trigger swift sell-offs — and this one hit hard. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/890546a8da2b2b01