secwatch.observer — SEC 8-K summary
======================================

Issuer:     iHeartMedia, Inc. (IHRT)
CIK:        0001400891
Form:       8-K
Filed at:   2021-11-04T23:59:59+00:00
Accession:  0001400891-21-000050
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

iHeartMedia Q3 revenue $928M (+25% YoY), Adj. EBITDA $230M; digital audio revenue up 77%
--------------------------------------------------------------------------------

- Revenue $928M (+25% YoY) exceeded prior guidance of +20%; GAAP operating income $80M vs $39M in Q3 2020.
- Digital Audio Group revenue surged 77% YoY; Podcast revenue up 184% to $64.2M; segment Adj. EBITDA $67M (+91%).
- Multiplatform Group revenue $659M (+18.7% YoY); Adj. EBITDA margin 31.6% vs 25% a year ago.
- Generated Free Cash Flow $45.5M (or $54.1M including real estate proceeds); Term Loan reduced by $250M in July.
- Guidance: Q4 consolidated revenue expected up ~10% YoY (~22% ex-political); reaffirmed return to 2019 Adj. EBITDA by year-end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1400891/000140089121000050/0001400891-21-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1400891/000140089121000050/ihm-20211104.htm
  HTML page:      https://secwatch.observer/filing/0001400891-21-000050

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer