secwatch.observer — SEC 8-K summary
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Issuer:     iHeartMedia, Inc. (IHRT)
CIK:        0001400891
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001400891-24-000025
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

iHeartMedia Q2 revenue up 1% to $929M, Adj. EBITDA $150M, guides Q3 Adj. EBITDA $200-220M
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- Q2 revenue $929M (+1.0% YoY), above flat guidance; Digital Audio revenue up 10% to $286M, podcast revenue $105M (+8%).
- GAAP operating loss $910M includes $920M non-cash impairment; net loss $982M vs $883M prior year.
- Consolidated adjusted EBITDA $150M (within guidance $140-160M), down from $191M prior year; Multiplatform segment EBITDA margin 18.1% vs 27.3%.
- Q3 guidance: revenue mid-single digit increase, adjusted EBITDA $200-220M; Full year 2024 Adj. EBITDA expected $760-800M.
- Cash $365M, net debt $4.85B; no material debt maturities before May 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1400891/000140089124000025/0001400891-24-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1400891/000140089124000025/ihm-20240808.htm
  HTML page:      https://secwatch.observer/filing/0001400891-24-000025

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