secwatch.observer — SEC 8-K summary
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Issuer:     iHeartMedia, Inc. (IHRT)
CIK:        0001400891
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0001400891-23-000006
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

iHeartMedia Q4 rev rises 6% to $1.126B; FY rev record $3.912B; Q1 Adj EBITDA guidance $80-90M
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- Q4 revenue $1.126B, up 6% YoY, at high end of guidance; Digital Audio Group revenue up 10% with podcast up 17%.
- Full year revenue $3.912B, up 10%, highest in company history; Adjusted EBITDA $950M, second highest.
- Q1 2023 guidance: consolidated revenue expected to decrease mid-single digits; Adjusted EBITDA $80-90M.
- Repurchased $141M principal of 8.375% Senior Unsecured Notes for $126M cash; expects $12M annual interest savings.
- Net debt $5.08B; no material debt maturities before 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1400891/000140089123000006/0001400891-23-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1400891/000140089123000006/ihm-20230228.htm
  HTML page:      https://secwatch.observer/filing/0001400891-23-000006

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