Company: IHETW
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-051036
Chunk: 98

Company: iHeartMedia, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 98
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Net loss$(65,761)$(41,325)$(430,632)$(1,041,422)Income tax (benefit) expense(165,609)20,835 (11,997)(23,786)Interest expense, net101,779 95,715 303,059 286,807 Depreciation and amortization90,061 101,331 272,331 310,849 EBITDA $(39,530)$176,556 $132,761 $(467,552)(Gain) loss on investments, net13,203 103 32,698 (91,479)Loss on extinguishment of debt109 — 1,569 — Other (income) expense, net15 (1,195)(1,026)(468)Equity in (earnings) loss of nonconsolidated affiliates(13)2,587 (12)2,693 Impairment charges208,501 412 213,908 922,144 Other operating expense1,161 1,092 2,906 2,180 Restructuring expenses9,695 16,767 54,763 67,928 Share-based compensation expense11,613 8,263 27,902 23,963 Adjusted EBITDA(1)$204,754 $204,585 $465,469 $459,409 

(1)We define Adjusted EBITDA as consolidated Operating income (loss) adjusted to exclude restructuring expenses included within Direct operating expenses and SG&A expenses, and share-based compensation expenses included within SG&A expenses, as well as the following line items presented in our Statements of Operations: Depreciation and amortization, Impairment charges and Other operating expense. Alternatively, Adjusted EBITDA is calculated as Net loss, adjusted to exclude Income tax (benefit) expense,  Interest expense, net, Depreciation and amortization, (Gain) loss on investments, net, Loss on extinguishment of debt, Other (income) expense, net, Equity in (earnings) loss of nonconsolidated affiliates, Impairment charges, Other operating expense, Restructuring expenses and Share-based compensation expense. Restructuring expenses primarily include expenses incurred in connection with cost-saving initiatives, as well as certain expenses, which, in the view of management, are outside the ordinary course of business or otherwise not representative of the