Company: IHETW
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001400891-25-000009
Chunk: 129

Company: iHeartMedia, Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 129
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 entities to provide more detailed disclosures about certain expenses in their financial statements. The amendments of ASU 2024-03 are effective for annual reporting periods beginning after December 15, 2026, and for interim reporting periods beginning after December 15, 2027. Early adoption is permitted and the amendments may be applied prospectively or retrospectively. The Company is currently evaluating the impact of this standard on our disclosures, including timing and method of adoption.

NOTE 2 – REVENUE

The Company generates revenue from several sources:•The primary source of revenue in the Multiplatform Group segment is the sale of advertising on the Company’s radio stations. This segment also generates revenues from programming talent, network syndication, traffic and weather data, live and virtual events and other miscellaneous transactions.•The primary source of revenue in the Digital Audio Group segment is the sale of advertising on the Company’s podcast network, iHeartRadio mobile application and website, and station websites.•The primary source of revenue in the Audio and Media Services Group segment is the generation of revenue through contractual commissions realized from the sale of national spot and online advertising on behalf of clients of its full-service media representation business, Katz Media. The Company also generates revenue through the sale of broadcast software and media streaming and research services as part of RCS.

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IHEARTMEDIA, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Disaggregation of RevenueThe following table shows revenue streams for the Company:(In thousands)Multiplatform GroupDigital Audio GroupAudio and Media Services GroupEliminationsConsolidatedYear Ended December 31, 2024Revenue from contracts with customers:  Broadcast Radio(1)$1,726,934 $— $— $— $1,726,934   Networks(2)437,212 — — — 437,212   Sponsorship and Events(3)187,344 — — — 187,344   Digital, excluding Podcast(4)— 715,736 — (4,626)711,110   Podcast(5)— 448,779 — — 448,779   Audio & Media Services(6)— — 327,055 (5,321)321,734   Other(7)20,632 — — — 20,632      Total2,372,122