secwatch.observer — SEC 8-K summary
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Issuer:     iHeartMedia, Inc. (IHRT)
CIK:        0001400891
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0001400891-22-000032
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

iHeartMedia Q2 revenue up 11% to $954M; Adjusted EBITDA up 29% to $237M
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- Revenue $954M (+11% YoY); GAAP operating income $83M vs $28M a year ago.
- Digital Audio Group revenue $253M (+28% YoY); Podcast revenue $86M (+60% YoY).
- Consolidated Adj. EBITDA margin 24.9%, up 345 bps; Free Cash Flow $106M vs -$3M.
- Repurchased $114M principal of 8.375% Senior Unsecured Notes for $105M, saving ~$10M annual interest.
- Q3 guidance: Revenue up 3%-7% YoY; Adj. EBITDA $240M-$255M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1400891/000140089122000032/0001400891-22-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1400891/000140089122000032/ihm-20220804.htm
  HTML page:      https://secwatch.observer/filing/0001400891-22-000032

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