Company: IHETW
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001400891-25-000046
Chunk: 34

Company: iHeartMedia, Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 1
Chunk 34
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1.1 %207,276 208,642 (0.7)%Sponsorship and Events36,485 39,121 (6.7)%65,106 66,950 (2.8)%Other4,511 4,705 (4.1)%8,669 8,950 (3.1)%Multiplatform Group544,598 575,907 (5.4)%1,017,576 1,069,370 (4.8)%Digital, excluding Podcast189,560 181,093 4.7 %350,811 329,437 6.5 %Podcast134,296 104,521 28.5 %250,332 195,145 28.3 %Digital Audio Group323,856 285,614 13.4 %601,143 524,582 14.6 %Audio & Media Services Group67,736 70,082 (3.3)%127,059 139,250 (8.8)%Eliminations(2,537)(2,511)(5,024)(5,072)Revenue, total$933,653 $929,092 0.5 %$1,740,754 $1,728,130 0.7 %

23

Consolidated results for the three and six months ended June 30, 2025 compared to the consolidated results for the three and six months ended June 30, 2024 were as follows:

Revenue

Consolidated revenue increased $4.6 million during the three months ended June 30, 2025 compared to the same period of 2024. Multiplatform Group revenue decreased $31.3 million, or 5.4%, primarily resulting from a decrease in broadcast advertising in connection with continued uncertain market conditions. Digital Audio Group revenue increased $38.2 million, or 13.4%, driven primarily by continuing increases in demand for digital advertising, including podcast advertising. Audio & Media Services revenue decreased $2.3 million, or 3.3%, primarily as a result of lower political revenues at Katz Media, as 2024 was a presidential election year, partially offset by an increase in digital advertising.

Consolidated revenue increased $12.6 million during the six months ended June 30, 2025 compared to the same period of 2024. Multiplatform Group revenue decreased $