Company: IHETW
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001400891-25-000046
Chunk: 33

Company: iHeartMedia, Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 1
Chunk 33
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 historical results of operations:

(In thousands)Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024Revenue$933,653 $929,092 $1,740,754 $1,728,130 Operating expenses:Direct operating expenses (excludes depreciation and amortization)391,194 382,049 747,520 723,409 Selling, general and administrative expenses (excludes depreciation and amortization)413,082 431,614 793,876 816,758 Depreciation and amortization90,369 104,356 182,270 209,518 Impairment charges2,552 920,224 5,407 921,732 Other operating expense1,086 516 1,745 1,088 Operating income (loss)35,370 (909,667)9,936 (944,375)Interest expense, net100,894 95,577 201,280 191,092 Gain (loss) on investments, net(901)(412)(19,495)91,582 Equity in loss of nonconsolidated affiliates(51)(61)(1)(106)Loss on extinguishment of debt(263)— (1,460)— Other income (expense), net1,004 (231)1,041 (727)Loss before income taxes(65,735)(1,005,948)(211,259)(1,044,718)Income tax benefit (expense)(18,253)23,959 (153,612)44,621 Net loss(83,988)(981,989)(364,871)(1,000,097)Less amount attributable to noncontrolling interest(508)(331)(167)69 Net loss attributable to the Company$(83,480)$(981,658)$(364,704)$(1,000,166)

The table below presents the comparison of our revenue streams for the three and six months ended June 30, 2025 to the three and six months ended June 30, 2024:

(In thousands)Three Months EndedJune 30,%Six Months EndedJune 30,%20252024Change20252024ChangeBroadcast Radio$395,789 $425,490 (7.0)%$736,525 $784,828 (6.2)%Networks107,813 106,591