Company: IHETW
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001400891-25-000046
Chunk: 12

Company: iHeartMedia, Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 1
Chunk 12
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 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.

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IHEARTMEDIA, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED)

NOTE 2 – REVENUE

Disaggregation of RevenueThe following tables show revenue streams for the three and six months ended June 30, 2025 and 2024:(In thousands)Multiplatform GroupDigital Audio GroupAudio & Media Services GroupEliminationsConsolidatedThree Months Ended June 30, 2025Revenue from contracts with customers:  Broadcast Radio(1)$395,789 $— $— $— $395,789   Networks(2)107,813 — — — 107,813   Sponsorship and Events(3)36,485 — — — 36,485   Digital, excluding Podcast(4)— 189,560 — (1,153)188,407   Podcast(5)— 134,296 — — 134,296   Audio & Media Services(6)— — 67,736 (1,384)66,352   Other(7)4,420 — — — 4,420      Total544,507 323,856 67,736 (2,537)933,562 Revenue from leases(8)91 — — — 91 Revenue, total$544,598 $323,856 $67,736 $(2,537)$933,653 Three Months Ended June 30, 2024Revenue from contracts with customers:  Broadcast Radio(1)$425,490 $— $— $— $425,490   Networks(2)106,591 — — — 106,591   Sponsorship and Events(3)39,121 — — — 39,121   Digital,