Company: IHETW
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001400891-25-000035
Chunk: 4

Company: iHeartMedia, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 1
Chunk 4
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5 and 2024, respectively128 128 Class B Common Stock, par value $0.001 per share, authorized 1,000,000,000 shares, issued and outstanding 21,187,567 and 21,285,914 shares in 2025 and 2024, respectively21 21 Special Warrants, 5,039,323 issued and outstanding in each of 2025 and 2024— — Additional paid-in capital2,983,169 2,975,703 Accumulated deficit(4,621,307)(4,340,083)Accumulated other comprehensive loss(1,783)(1,885)Cost of shares (1,879,575 in 2025 and 1,587,031 in 2024) held in treasury(11,596)(10,953)Total Stockholders' Deficit(1,646,123)(1,371,780)Total Liabilities and Stockholders' Deficit$5,268,093 $5,571,696 

See Notes to Consolidated Financial Statements

1

IHEARTMEDIA, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

(UNAUDITED)

(In thousands, except per share data)Three Months Ended March 31,20252024Revenue$807,101 $799,038 Operating expenses:Direct operating expenses (excludes depreciation and amortization)356,326 341,360 Selling, general and administrative expenses (excludes depreciation and amortization)380,794 385,144 Depreciation and amortization91,901 105,162 Impairment charges2,855 1,508 Other operating expense659 572 Operating loss(25,434)(34,708)Interest expense, net100,386 95,515 Gain (loss) on investments, net(18,594)91,994 Equity in earnings (loss) of nonconsolidated affiliates50 (45)Loss on extinguishment of debt(1,197)— Other income (expense), net37 (496)Loss before income taxes(145,524)(38,770)Income tax benefit (expense)(135,359)20,662 Net loss(280,883)(18,108)Less amount attributable to noncontrolling interest341 400 Net loss attributable to the Company$(281,224