secwatch.observer — SEC 8-K summary
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Issuer:     iHeartMedia, Inc. (IHRT)
CIK:        0001400891
Form:       8-K
Filed at:   2022-02-23T23:59:59+00:00
Accession:  0001400891-22-000011
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

iHeartMedia Q4 revenue $1,062M (+14% YoY); Digital Audio revenue up 59%; beats guidance
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- Q4 revenue $1,062M, up 14% YoY, exceeding prior guidance of ~10% growth; ex-political up 25%.
- GAAP operating income $123M (up 9% YoY); Consolidated Adjusted EBITDA $294M (up 11% YoY).
- Digital Audio Group revenue up 59% YoY; Podcast revenue surged 130% YoY to $96.6M.
- Full year 2021 revenue $3,558M (+21% YoY); Adjusted EBITDA $811M (+51% YoY).
- Term loan reduced by $250M; Preferred repurchased $60M; net debt $5,387M; guides Q1 revenue +17-19% YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1400891/000140089122000011/0001400891-22-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1400891/000140089122000011/ihm-20220223.htm
  HTML page:      https://secwatch.observer/filing/0001400891-22-000011

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