Shares of iHeartMedia declined after revenue fell in its latest quarter, driven by lower political advertising sales.

The stock slid 9.9% to $4.12 in after-hours trading on Monday. Through market close, shares have more than doubled this year.

The audio media company posted a loss of $66.3 million, compared with a loss of $41.3 million a year earlier.

Revenue fell 1.1% to $997 million. Analysts polled by FactSet expected $980.1 million.

Multiplatform group revenue fell 4.6% due to lower political revenues, given last year was a presidential election year, as well as a decrease in broadcast advertising due to uncertain market conditions, the company said. Digital audio group revenue rose 14%, driven by increased demand for digital and podcast advertising.

For the current fourth quarter, iHeartMedia expects revenue to decline low-single digits. Excluding its political business, the company expects revenue to increase in the mid-single digits.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

November 10, 2025 17:38 ET (22:38 GMT)

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