secwatch.observer — SEC 8-K summary
======================================

Issuer:     iHeartMedia, Inc. (IHRT)
CIK:        0001400891
Form:       8-K
Filed at:   2025-02-27T23:59:59+00:00
Accession:  0001400891-25-000007
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

iHeartMedia Q4 Adj EBITDA $246M (+18%); completes $4.8B debt exchange
---------------------------------------------------------------------

- Q4 revenue $1,118M (+4.8% YoY); Adj EBITDA $246M (+18.2%) vs $208M prior year.
- Completed debt exchange of ~$4.8B; maturities extended 3 years; net debt lowest in history at $4.52B.
- Digital Audio revenue $339M (+7%); Podcast revenue $140M (+6%).
- FY2025 guidance: Adj EBITDA ~$770M; Q1 Adj EBITDA $100-110M; revenue low-single digit decline.
- Free cash flow excluding debt exchange costs $111M in Q4; GAAP operating income $105M vs $80M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1400891/000140089125000007/0001400891-25-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1400891/000140089125000007/ihm-20250227.htm
  HTML page:      https://secwatch.observer/filing/0001400891-25-000007

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