Company: IHETW
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-051036
Chunk: 31

Company: iHeartMedia, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 31
---
428,847 21,890 — (2,775)1,121,749 Selling, general and administrative expenses(2)703,810 136,773 115,457 203,864 (4,799)1,155,105 Segment Adjusted EBITDA(3)$311,317 $260,003 $91,953 $(203,864)$— $459,409 Depreciation and amortization(310,849)Impairment charges(922,144)Other operating expense, net(2,180)Restructuring expenses(67,928)Share-based compensation expense(23,963)Operating loss$(867,655)Segment Assets$4,221,199 $599,265 $288,340 $671,519 $(1,313)$5,779,010 Intersegment revenues— 3,549 4,025 — — 7,574 Capital expenditures38,214 17,043 5,800 11,117 — 72,174 (1)Includes content, programming, and production costs as well as employee compensation, talent fees, event costs, and music license fees.(2)Includes administrative employee compensation, sales commissions, trade and barter expense, and rent and utilities. 

(3)For a definition of Adjusted EBITDA for the consolidated company and a reconciliation to Operating income (loss), the most closely comparable 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 Item 2 of this Quarterly Report on Form 10-Q. 

21

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Format of Presentation

Management’s discussion and analysis of financial condition and results of operations (“MD&A”) should be read in conjunction with the consolidated financial statements and related footnotes contained in Part I, Item 1 of this Quarterly Report on Form 10-Q of iHeartMedia, Inc. (the "Company," "iHeartMedia," "we," "our," or "us").  

We report based on three reportable segments: 

▪the Multiplatform Group, which includes our Broadcast radio, Networks and Sponsorships and Events businesses;

▪the Digital Audio Group, which includes