secwatch.observer — SEC 8-K summary
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Issuer:     iHeartMedia, Inc. (IHRT)
CIK:        0001400891
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001400891-23-000036
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

iHeartMedia Q2 revenue down 3.6% to $920M; GAAP operating loss $897M from $961M impairment
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- Adjusted EBITDA of $191M within $180-200M guidance; down from $237M YoY.
- Digital Audio revenue up 3% to $261M; podcast revenue up 13% to $96.7M.
- Multiplatform Group revenue down 6% to $596M on weak broadcast and political ad demand.
- Repurchased $80M principal of 8.375% notes for $57M cash; $430M total since Q2 2022.
- Q3 guidance: revenue decline mid-single digits; Adjusted EBITDA $195-205M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1400891/000140089123000036/0001400891-23-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1400891/000140089123000036/ihm-20230808.htm
  HTML page:      https://secwatch.observer/filing/0001400891-23-000036

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