Company: IHETW
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001400891-25-000009
Chunk: 86

Company: iHeartMedia, Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 86
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)1,693,679 1,656,171 Depreciation and amortization409,582 428,483 Impairment charges922,681 965,087 Other operating expense, net2,767 4,361 Operating loss(763,108)(797,311)Interest expense, net379,434 389,775 Gain (loss) on investments, net75,523 (28,130)Equity in loss of nonconsolidated affiliates(2,646)(3,530)Gain (loss) on extinguishment of debt and exchange costs(97,305)56,724 Other expense, net(926)(655)Loss before income taxes(1,167,896)(1,162,677)Income tax benefit158,402 62,338 Net loss(1,009,494)(1,100,339)Less amount attributable to noncontrolling interest447 2,321 Net loss attributable to the Company$(1,009,941)$(1,102,660)

The table below presents the comparison of our revenue streams:

(In thousands)Year EndedDecember 31,%20242023ChangeBroadcast Radio$1,726,934 $1,752,166 (1.4)%Networks437,212 466,404 (6.3)%Sponsorship and Events187,344 191,434 (2.1)%Other21,419 25,364 (15.6)%Multiplatform Group2,372,909 2,435,368 (2.6)%Digital, excluding Podcast715,736 661,319 8.2 %Podcast448,779 407,848 10.0 %Digital Audio Group1,164,515 1,069,167 8.9 %Audio & Media Services Group327,055 256,702 27.4 %Eliminations(9,947)(10,212)Revenue, total$3,854,532 $3,751,025 2.8 %

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Consolidated results for the year ended December 31, 2024 compared to the consolidated results for the year ended December 31, 2023 were as follows:

Revenue

Consolidated revenue increased $103.5 million during the year ended December 31, 2024 compared to 2023. Multiplatform Group revenue decreased $62.5 million, primarily resulting