Company: IHETW
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-051036
Chunk: 121

Company: iHeartMedia, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 2
Chunk 121
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 licenses.

•Net loss of $65.8 million increased $24.4 million from $41.3 million in the prior year's third quarter. 

•Cash flows used for operating activities of $9.5 million changed from cash flows provided by operating activities of $102.8 million in the prior year's third quarter.

•Adjusted EBITDA(1) of $204.8 million increased $0.2 million from $204.6 million in the prior year's third quarter.

•Free cash flow(2) of $(32.8) million decreased from $73.3 million in the prior year's third quarter.

The table below presents a summary of our historical results of operations for the periods presented:

(In thousands)Three Months EndedSeptember 30,20252024Revenue$997,010 $1,008,133 Operating income (loss)(116,277)76,720 Net loss(65,761)(41,325)Cash provided by (used for) operating activities(9,549)102,765 Adjusted EBITDA(1)$204,754 $204,585 Free cash flow(2)(32,815)73,345 

(1)For a definition of Adjusted EBITDA and a reconciliation to Operating income (loss), the most closely comparable U.S. generally accepted accounting principles ("GAAP") measure, and to Net loss, please see "Reconciliation of Operating income (loss) to Adjusted EBITDA" and "Reconciliation of Net loss to EBITDA and Adjusted EBITDA" in this MD&A. 

(2)For a definition of Free cash flow and a reconciliation to Cash provided by (used for) operating activities, the most closely comparable GAAP measure, please see “Reconciliation of Cash provided by (used for) operating activities to Free cash flow” in this MD&A.

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Results of Operations

The table below presents the comparison of our historical results of operations:

(In thousands)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,