$re = '/(?<=src=").*?(?=[\?"])/m';
$str = '<iframe src="http://www.youtube.com/embed/NM51qOpwcIM?modestbranding=1;rel=0;showinfo=0;autoplay=0;autohide=1;yt:stretch=16:9;wmode=transparent;?wmode=transparent" allowfullscreen="" style="width: 640px; height: 361.057px;" frameborder="0"></iframe>
<iframe src="https://www.youtube.com/embed/VASywEuqFd8?feature=oembed" allowfullscreen="" width="660" height="371" frameborder="0"></iframe>
';
preg_match_all($re, $str, $matches, PREG_SET_ORDER, 0);
// Print the entire match result
var_dump($matches);
Please keep in mind that these code samples are automatically generated and are not guaranteed to work. If you find any syntax errors, feel free to submit a bug report. For a full regex reference for PHP, please visit: http://php.net/manual/en/ref.pcre.php