Company: IHETW
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001400891-25-000046
Chunk: 110

Company: iHeartMedia, Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 2
Chunk 110
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 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 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 loss of nonconsolidated affiliates