---
schema_version: "secwatch.filing_event.v1"
accession: "0001400891-23-000027"
form_type: "8-K"
ticker: "IHRT"
cik: "0001400891"
company_name: "iHeartMedia, Inc."
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T03:11:28.072971+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# iHeartMedia Q1 revenue down 3.8% to $811M; operating loss $48.9M; EBITDA above guidance

## Summary
- Q1 revenue $811M (-3.8%); GAAP operating loss $48.9M vs income $12.3M in Q1 2022.
- Adjusted EBITDA $93.4M (above $80-90M guidance) vs $145.2M prior year.
- Net loss widened to $222.4M from $48.7M; Free Cash Flow negative $133M.
- Digital Audio revenue up 4% to $223M, with podcast revenue up 12% to $77M.
- Repurchased $20M principal of 8.375% notes for $15M cash; cumulative $350M bought at discount.

## SEC filing metadata
- accession: 0001400891-23-000027
- form_type: 8-K
- ticker: IHRT
- cik: 0001400891
- company_name: iHeartMedia, Inc.
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1400891/000140089123000027/0001400891-23-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1400891/000140089123000027/ihm-20230502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001400891-23-000027
- JSON: https://secwatch.observer/filing/0001400891-23-000027.json
- Plain text: https://secwatch.observer/filing/0001400891-23-000027.txt

## Key facts
- Earnings Releases
  iHeartMedia, Inc. reported quarter ended March 31, 2023 results: revenue $811 million. Guidance reaffirmed.
  - Period: quarter ended March 31, 2023
  - Revenue: $811 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: iHeartMedia, Inc. (Nasdaq: IHRT) today reported financial results for the quarter ended March 31, 2023. Financial Highlights: 1 Q1 2023 Consolidated Results ▪ Q1 Revenue of $811 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1400891/000140089123000027/0001400891-23-000027-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.