Company: IHETW
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001400891-25-000035
Chunk: 62

Company: iHeartMedia, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 8
Chunk 62
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)— Other income (expense), net37 (496)Loss before income taxes(145,524)(38,770)Income tax benefit (expense)(135,359)20,662 Net loss(280,883)(18,108)Less amount attributable to noncontrolling interest341 400 Net loss attributable to the Company$(281,224)$(18,508)

The table below presents the comparison of our revenue streams for the three months ended March 31, 2025 to the three months ended March 31, 2024:

(In thousands)Three Months EndedMarch 31,%20252024ChangeBroadcast Radio$340,736 $359,338 (5.2)%Networks99,463 102,051 (2.5)%Sponsorship and Events28,621 27,829 2.8 %Other4,158 4,245 (2.0)%Multiplatform Group472,978 493,463 (4.2)%Digital, excluding Podcast161,251 148,344 8.7 %Podcast116,036 90,624 28.0 %Digital Audio Group277,287 238,968 16.0 %Audio & Media Services Group59,323 69,168 (14.2)%Eliminations(2,487)(2,561)Revenue, total$807,101 $799,038 1.0 %

20

Consolidated results for the three months ended March 31, 2025 compared to the consolidated results for the three months ended March 31, 2024 were as follows:

Revenue

Consolidated revenue increased $8.1 million during the three months ended March 31, 2025 compared to the same period of 2024. Multiplatform Group revenue decreased $20.5 million, or 4.2%, primarily resulting from a decrease in broadcast advertising in connection with continued uncertain market conditions. Digital Audio Group revenue increased $38.3 million, or 16.0%, driven primarily by continuing increases in demand for digital advertising, including podcast advertising. Audio & Media Services revenue decreased $9.8 million, or 14.2%, primarily as a result of Katz Media revenue due to nonrecurring contract termination fees earned by Katz Media in 2024 and a decrease in broadcast advertising in connection with uncertain market conditions, partially offset by an increase in digital advertising.

Direct Operating Expenses

Consolidated