Company: IHETW
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-051036
Chunk: 46

Company: iHeartMedia, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 46
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1,092 2,906 2,180 Restructuring expenses9,695 16,767 54,763 67,928 Share-based compensation expense11,613 8,263 27,902 23,963 Adjusted EBITDA(1)$204,754 $204,585 $465,469 $459,409 

Reconciliation of Net loss to EBITDA and Adjusted EBITDA

(In thousands)Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024Net loss$(65,761)$(41,325)$(430,632)$(1,041,422)Income tax (benefit) expense(165,609)20,835 (11,997)(23,786)Interest expense, net101,779 95,715 303,059 286,807 Depreciation and amortization90,061 101,331 272,331 310,849 EBITDA $(39,530)$176,556 $132,761 $(467,552)(Gain) loss on investments, net13,203 103 32,698 (91,479)Loss on extinguishment of debt109 — 1,569 — Other (income) expense, net15 (1,195)(1,026)(468)Equity in (earnings) loss of nonconsolidated affiliates(13)2,587 (12)2,693 Impairment charges208,501 412 213,908 922,144 Other operating expense1,161 1,092 2,906 2,180 Restructuring expenses9,695 16,767 54,763 67,928 Share-based compensation expense11,613 8,263 27,902 23,963 Adjusted EBITDA(1)$204,754 $204,585 $465,469 $459,409 

(1)We define Adjusted EBITDA as consolidated Operating income (loss) adjusted to exclude restructuring expenses included within Direct operating expenses and SG&A expenses, and share-based compensation expenses included within SG&A expenses, as well as the following line items presented in our Statements of Operations: Depreciation and amortization, Impairment charges and Other operating expense. Alternatively, Adjusted EBITDA is calculated as Net loss, adjusted to exclude Income tax