Company: IHETW
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001400891-25-000046
Chunk: 83

Company: iHeartMedia, Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 8
Chunk 83
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30,2025202420252024Operating income (loss)$35,370 $(909,667)$9,936 $(944,375)Depreciation and amortization90,369 104,356 182,270 209,518 Impairment charges2,552 920,224 5,407 921,732 Other operating expense1,086 516 1,745 1,088 Restructuring expenses19,490 27,558 45,068 51,161 Share-based compensation expense7,260 7,220 16,289 15,700 Adjusted EBITDA(1)$156,127 $150,207 $260,715 $254,824 

27

Reconciliation of Net loss to EBITDA and Adjusted EBITDA

(In thousands)Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024Net loss$(83,988)$(981,989)$(364,871)$(1,000,097)Income tax (benefit) expense18,253 (23,959)153,612 (44,621)Interest expense, net100,894 95,577 201,280 191,092 Depreciation and amortization90,369 104,356 182,270 209,518 EBITDA $125,528 $(806,015)$172,291 $(644,108)(Gain) loss on investments, net901 412 19,495 (91,582)Loss on extinguishment of debt263 — 1,460 — Other (income) expense, net(1,004)231 (1,041)727 Equity in loss of nonconsolidated affiliates51 61 1 106 Impairment charges2,552 920,224 5,407 921,732 Other operating expense1,086 516 1,745 1,088 Restructuring expenses19,490 27,558 45,068 51,161 Share-based compensation expense7,260 7,220 16,289 15,700 Adjusted EBITDA(1)$156,127 $150,207 $260,715 $254,824 

(1)We define Adjusted EBITDA as consolidated Operating income (loss) adjusted to exclude restructuring expenses