Company: IHETW
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001400891-25-000046
Chunk: 102

Company: iHeartMedia, Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 2
Chunk 102
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 charges of $920.2 million recognized in the second quarter of 2024.

•Net loss of $84.0 million improved $898.0 million from $982.0 million in the prior year's second quarter. 

•Cash flows provided by operating activities of $6.8 million decreased from cash flows provided by operating activities of $26.7 million in the prior year's second quarter.

•Adjusted EBITDA(1) of $156.1 million, increased $5.9 million from $150.2 million in the prior year's second quarter.

•Free cash flow(2) of $(13.2) million decreased from $5.6 million in the prior year's second quarter.

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

(In thousands)Three Months EndedJune 30,20252024Revenue$933,653 $929,092 Operating income (loss)35,370 (909,667)Net loss(83,988)(981,989)Cash provided by operating activities6,821 26,729 Adjusted EBITDA(1)$156,127 $150,207 Free cash flow(2)(13,176)5,557 

(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 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 EndedJune 30,Six Months EndedJune 30,2025202420252024Revenue$933,653 $929,092 $1,740,754 $1,728,130 Operating expenses:Direct operating expenses (excludes depreciation and amortization)391,194 382,049 747,520 723,409 Selling, general and administrative expenses (excludes depreciation and amortization)413,082 431,