Company: IHETW
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-051036
Chunk: 4

Company: iHeartMedia, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 4
---
5 and 2024, respectively132 128 Class B Common Stock, par value $0.001 per share, authorized 1,000,000,000 shares, issued and outstanding 21,187,332 and 21,285,914 shares in 2025 and 2024, respectively21 21 Special Warrants, 5,039,301 and 5,039,323 issued and outstanding in each of 2025 and 2024, respectively— — Additional paid-in capital2,991,809 2,975,703 Accumulated deficit(4,771,051)(4,340,083)Accumulated other comprehensive loss(1,791)(1,885)Cost of shares (2,359,021 in 2025 and 1,587,031 in 2024) held in treasury(12,200)(10,953)Total Stockholders' Deficit(1,788,707)(1,371,780)Total Liabilities and Stockholders' Deficit$5,088,564 $5,571,696 

See Notes to Consolidated Financial Statements

1

IHEARTMEDIA, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

(UNAUDITED)

(In thousands, except per share data)Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024Revenue$997,010 $1,008,133 $2,737,764 $2,736,263 Operating expenses:Direct operating expenses (excludes depreciation and amortization)399,140 409,745 1,146,660 1,133,154 Selling, general and administrative expenses (excludes depreciation and amortization)414,424 418,833 1,208,300 1,235,591 Depreciation and amortization90,061 101,331 272,331 310,849 Impairment charges208,501 412 213,908 922,144 Other operating expense1,161 1,092 2,906 2,180 Operating income (loss)(116,277)76,720 (106,341)(867,655)Interest expense, net101,779 95,715 303,059 286,807 Gain (loss) on investments, net(13,203)(103