Company: IHETW
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001400891-25-000046
Chunk: 4

Company: iHeartMedia, Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 1
Chunk 4
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5 and 2024, respectively131 128 Class B Common Stock, par value $0.001 per share, authorized 1,000,000,000 shares, issued and outstanding 21,187,567 and 21,285,914 shares in 2025 and 2024, respectively21 21 Special Warrants, 5,039,323 issued and outstanding in each of 2025 and 2024— — Additional paid-in capital2,987,825 2,975,703 Accumulated deficit(4,704,787)(4,340,083)Accumulated other comprehensive loss(1,504)(1,885)Cost of shares (2,354,010 in 2025 and 1,587,031 in 2024) held in treasury(12,189)(10,953)Total Stockholders' Deficit(1,726,249)(1,371,780)Total Liabilities and Stockholders' Deficit$5,379,317 $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 Ended June 30,Six Months Ended June 30,2025202420252024Revenue$933,653 $929,092 $1,740,754 $1,728,130 Operating expenses:Direct operating expenses (excludes depreciation and amortization)391,194 382,049 747,520 723,409 Selling, general and administrative expenses (excludes depreciation and amortization)413,082 431,614 793,876 816,758 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 Operating income (loss)35,370 (909,667)9,936 (944,375)Interest expense, net100,894 95,577 201,280 191,092 Gain (loss) on investments, net(901)(412)(19,495)91,582 Equity in loss of nonconsolidated affiliates(