Company: IHETW
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001400891-25-000046
Chunk: 24

Company: iHeartMedia, Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 1
Chunk 24
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 common stock.  

15

IHEARTMEDIA, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED)

During the six months ended June 30, 2024 there were 58,563 Special Warrants exercised for an equivalent number of shares of Class A common stock. There were no Special Warrants exercised for Class A common stock during the six months ended June 30, 2025. During the six months ended June 30, 2025 and 2024 there were no Special Warrants exercised for Class B common stock.  Computation of Loss per Share(In thousands, except per share data)Three Months EndedJune 30,Six Months EndedJune 30, 2025202420252024NUMERATOR:    Net loss attributable to the Company – common shares$(83,480)$(981,658)$(364,704)$(1,000,166)DENOMINATOR(1):   Weighted average common shares outstanding - basic154,275 151,137 153,382 150,466   Stock options and restricted stock(2):— — — — Weighted average common shares outstanding - diluted154,275 151,137 153,382 150,466 Net loss attributable to the Company per common share:   Basic$(0.54)$(6.50)$(2.38)$(6.65)Diluted(0.54)(6.50)(2.38)(6.65)(1)All of the outstanding Special Warrants are included in both the basic and diluted weighted average common shares outstanding of the Company for the three and six months ended June 30, 2025 and 2024.

(2)Outstanding equity service awards representing 12.6 million and 15.1 million shares of Class A common stock of the Company for the three months ended June 30, 2025 and 2024, respectively, and 14.6 million and 15.5 million shares of Class A common stock for the six months ended June 30, 2025 and 2024, respectively, were not included in the computation of diluted earnings per share because to do so would have been antidilutive.   

NOTE 9 – SEGMENT DATA

The Company’s primary businesses are included in its Multiplatform Group and Digital Audio Group segments. Revenue and expenses earned and charged between Multiplatform Group