secwatch.observer — SEC 8-K summary
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Issuer:     iHeartMedia, Inc. (IHRT)
CIK:        0001400891
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001400891-23-000027
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1400891/000140089123000027/0001400891-23-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1400891/000140089123000027/ihm-20230502.htm
  HTML page:      https://secwatch.observer/filing/0001400891-23-000027

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