secwatch.observer — SEC 8-K summary
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Issuer:     iHeartMedia, Inc. (IHRT)
CIK:        0001400891
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0001400891-24-000006
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

iHeartMedia Q4 revenue down 5.2% to $1.07B; Digital Audio EBITDA up 17%
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- Q4 GAAP operating income $80M vs $173M prior year; Consolidated Adj. EBITDA $208M (guidance $205-215M).
- Digital Audio Group revenue $318M (+6%); podcast revenue $132M (+17%); segment EBITDA margin 36.7%.
- Multiplatform Group revenue $684M (-7%); segment EBITDA $142M (-39%) on political revenue decline.
- FY 2023 revenue $3.75B (-4%); GAAP operating loss $797M from $965M impairment; Adj. EBITDA $697M.
- Q1 2024 guidance: revenue flat to -2%; Adj. EBITDA $100-110M (up from $93M); received $101M from BMI sale.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1400891/000140089124000006/0001400891-24-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1400891/000140089124000006/ihm-20240229.htm
  HTML page:      https://secwatch.observer/filing/0001400891-24-000006

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