Company: IHETW
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001400891-25-000046
Chunk: 15

Company: iHeartMedia, Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 1
Chunk 15
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 transactions represent the exchange of advertising spots for merchandise, services, advertising and promotion or other assets in the ordinary course of business. The transaction price for these contracts is measured at the estimated fair value of the non-cash consideration received at contract inception unless this is not reasonably estimable, in which case the consideration is measured based on the standalone selling price of the advertising spots promised to the customer. The revenues and expenses may not be recognized in the same period depending on the timing of the services, advertising or promotion received in exchange for advertising spots. Trade and barter revenues and expenses, which are included in consolidated revenue and selling, general and administrative expenses, respectively, were as follows:Three Months EndedJune 30,Six Months EndedJune 30,(In thousands)2025202420252024  Trade and barter revenues$75,995 $69,277 $125,360 $110,582   Trade and barter expenses64,769 57,786 98,563 91,967 In addition to the trade and barter revenue in the table above, the Company recognized $7.6 million and $6.8 million during the three months ended June 30, 2025 and 2024, respectively, and $17.8 million and $15.5 million during the six months ended June 30, 2025, and 2024, respectively, in connection with investments made in companies in exchange for advertising services.The following tables show the Company’s deferred revenue balance from contracts with customers:Three Months EndedJune 30,Six Months EndedJune 30,(In thousands)2025202420252024Deferred revenue from contracts with customers:  Beginning balance(1)$183,684 $185,835 $173,766 $181,899     Revenue recognized, included in beginning balance(68,626)(69,378)(94,430)(100,826)    Additions, net of revenue recognized during period, and other80,705 65,426 116,427 100,810   Ending balance$195,763 $181,883 $195,763 $181,883 (1)Deferred revenue from contracts with customers is included within deferred revenue and other long-term liabilities on the Consolidated Balance Sheets, depending upon when revenue is expected to be recognized.

The Company’s contracts with customers generally have terms of one year or less; however, as of June 30,