Highest-materiality recent filing
iHeartMedia stockholders approve 13M share increase in equity plan, extend term to 2036
Stockholders approved 13M share increase in 2021 equity plan, raising total reserve to 32M shares.
iHeartMedia Q1 revenue up 9.6% to $884M; Adj EBITDA down 11% to $93M; reaffirms FY Adj EBITDA ~$800M
GAAP operating income of $1.5M vs loss of $25M a year ago; net loss $95.6M vs $280.9M.
iHeartMedia Q4 rev $1.13B; Adj EBITDA $220M; FY2026 guide ~$800M EBITDA
Q4 revenue $1.127B (+0.8%; ex-political +7.7%); GAAP operating income $85.7M vs $104.5M prior year (-18.0%).
iHeartMedia names Michael McGuinness CFO effective Jan 1, 2026; extends employment to 2030
Annual salary rises to $1.2M, bonus target increases to 150% of base salary.
iHeartMedia Q3 revenue down 1.1% to $997M; GAAP operating loss of $116M on $209M impairment
GAAP operating loss of $116M vs income of $77M a year ago; includes $209M non-cash FCC license impairment.
CEO Pittman and President Bressler employment agreements extended to December 31, 2029.
iHeartMedia Q2 revenue $934M (+0.5% YoY); Adj. EBITDA $156M at high end; FCF negative
GAAP operating income $35M vs loss of $910M in Q2 2024 (prior year had large impairment).
iHeartMedia names Michael McGuinness principal accounting officer after Hamilton transition
Scott Hamilton moved from principal accounting officer to a consulting role effective June 2, 2025.
iHeartMedia stockholders elect all eight director nominees, approve auditor and say-on-pay
All eight director nominees (Pittman, Rasulo, Bressler, Englebardt, Millard, Mills, Monteagudo, Sivaramakrishnan) elected with overwhelming support.
iHeartMedia Q1 revenue up 1% to $807M, net loss spikes to $281M; podcast revenue +28%
Revenue $807M (+1.0% YoY); Digital Audio Group revenue +16% to $277M, podcast +28% to $116M.
iHeartMedia appoints David Hillman as EVP, Chief Legal Officer and Secretary
David Hillman appointed EVP, Chief Legal Officer and Secretary, effective April 28, 2025.
iHeartMedia board member Gerstner not re-standing; Millard nominated for election
Brad Gerstner (founder/CEO Altimeter Capital) will not stand for re-election at May 13 annual meeting; term ends that day.
iHeartMedia EVP and Chief Legal Officer Jordan Fasbender resigns effective April 1
Jordan R. Fasbender resigns as EVP, Chief Legal Officer and Secretary to take another position.
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.
Approximately $4.8B (92.2%) of existing debt participated in exchange; new notes issued with maturities 2029–2031.
iHeartMedia reports 92% participation in debt exchange; extends offer and increases consideration
$4.81B aggregate (92.0%) of Existing Debt tendered as of Nov 29; 99.5% of term loans participated.
iHeartMedia launches exchange offers for ~$2.97B of existing notes and term loans
Existing Notes: $800M 6.375% 2026, $750M 5.25% 2027, $500M 4.75% 2028 Secured, $916M 8.375% 2027 Unsecured.
iHeartMedia enters TSA with ~80% of debt holders to extend maturities by 3 years
Initial Consenting Holders represent ~80% of Existing Debt, incl. 92% of term loans and 71% of unsecured notes.
iHeartMedia Q3 revenue up 5.8% to $1.008B; announces $4.1B debt exchange and $200M cost savings
Q3 revenue $1,008M (+5.8% YoY); Adj EBITDA $205M, within guidance of $200M-$220M.
iHeartMedia amends Chief Legal Officer Fasbender's agreement; salary raised to $825K
Jordan Fasbender's employment term extended to September 30, 2026 with auto-renewals.
iHeartMedia Q2 revenue up 1% to $929M, Adj. EBITDA $150M, guides Q3 Adj. EBITDA $200-220M
Q2 revenue $929M (+1.0% YoY), above flat guidance; Digital Audio revenue up 10% to $286M, podcast revenue $105M (+8%).
iHeartMedia shareholders approve officer exculpation amendment at 2024 annual meeting
Shareholders approved amendment to charter to exculpate officers from breach of fiduciary duty to extent permitted under Delaware law.
iHeartMedia Q1 adj. EBITDA $105M, first YoY growth in 5 quarters; revenue $799M
Q1 revenue $799M, down 1.5% YoY, in line with guidance of flat to down 2%.
iHeartMedia Q4 revenue down 5.2% to $1.07B; Digital Audio EBITDA up 17%
Q4 GAAP operating income $80M vs $173M prior year; Consolidated Adj. EBITDA $208M (guidance $205-215M).
iHeartMedia receives $101.4M from closing of BMI sale to New Mountain Capital group
iHeartMedia received $101.4 million in proceeds from closing of its previously announced equity interest sale in BMI.
iHeartMedia amends bylaws to align with SEC universal proxy rules and update disclosure requirements
Board adopted Fourth Amended and Restated Bylaws effective Nov 16, 2023.
iHeartMedia Q3 revenue $953M (-3.6%); Adj. EBITDA $204M at high end of guidance
Q3 revenue $953M (down 3.6% YoY); GAAP operating income $69M vs prior-year loss of $211M.
iHeartMedia Q2 revenue down 3.6% to $920M; GAAP operating loss $897M from $961M impairment
Adjusted EBITDA of $191M within $180-200M guidance; down from $237M YoY.
iHeartMedia shareholders approve 13M-share increase under 2021 equity plan
Stockholders approved amendment increasing shares available by 13M to 19M for long-term incentives.
iHeartMedia Q1 revenue down 3.8% to $811M; operating loss $48.9M; EBITDA above guidance
Q1 revenue $811M (-3.8%); GAAP operating loss $48.9M vs income $12.3M in Q1 2022.
iHeartMedia Q4 rev rises 6% to $1.126B; FY rev record $3.912B; Q1 Adj EBITDA guidance $80-90M
Q4 revenue $1.126B, up 6% YoY, at high end of guidance; Digital Audio Group revenue up 10% with podcast up 17%.
Revenue $989M (+7% YoY) at high end of 3-7% guidance; GAAP operating loss $211M includes $302M FCC license impairment.
iHeartMedia promotes McGuinness to Deputy CFO & CFO of Multiplatform/Digital; salary raised to $850K
Michael McGuinness named EVP, Deputy CFO, and CFO – Multiplatform and Digital Segments.
iHeartMedia Q2 revenue up 11% to $954M; Adjusted EBITDA up 29% to $237M
Revenue $954M (+11% YoY); GAAP operating income $83M vs $28M a year ago.
Employment term extended to March 31, 2025, with automatic one-year renewals.
iHeartMedia enters $450M ABL revolving credit facility, maturing May 2027
New $450M senior secured ABL revolver refinances and replaces existing ABL facility.
iHeartMedia awards 326k RSUs and 304k PSUs to CEO Pittman and CFO Bressler each
Compensation Committee approved RSUs and PSUs to five named executives; Pittman and Bressler each receive 325,998 RSUs and 303,943 PSUs (target).
iHeartMedia Q1 revenue $843M beats guidance; Adj EBITDA $145M up 42% YoY
Revenue $843M (+19.4% YoY) exceeded high end of 17-19% guidance range; GAAP operating income of $12M vs loss of $76M.
iHeartMedia extends CEO & CFO employment to 2026; base salary to $1.8M, sign-on PSUs worth $12.5M
Employment terms extended to June 1, 2026 for CEO Robert Pittman and COO/CFO Richard Bressler; base salaries increase to $1.8M effective Jan 1, 2023.
iHeartMedia elects Samuel E. Englebardt to Board of Directors
Samuel E. Englebardt elected to iHeartMedia Board effective March 15, 2022.
iHeartMedia Q4 revenue $1,062M (+14% YoY); Digital Audio revenue up 59%; beats guidance
Q4 revenue $1,062M, up 14% YoY, exceeding prior guidance of ~10% growth; ex-political up 25%.
iHeartMedia director Gary Barber resigns from board effective Feb. 8, 2022
Gary Barber resigned from iHeartMedia's Board of Directors effective February 8, 2022.
FCC grants declaratory ruling allowing Global Media's iHeartMedia stake up to 14.99%
FCC issued GMEI Declaratory Ruling on 12/22/2021 approving >5% stake (currently 8.7%) up to 14.99% without prior approval.
iHeartMedia Q3 revenue $928M (+25% YoY), Adj. EBITDA $230M; digital audio revenue up 77%
Revenue $928M (+25% YoY) exceeded prior guidance of +20%; GAAP operating income $80M vs $39M in Q3 2020.
Revenue $861.6M (+77% YoY); GAAP operating income $28.1M vs loss $159.1M a year ago.
iHeartMedia reprices term loans, cuts rate 75 bps; prepays $250M, saves ~$13M/yr
Reduces LIBOR margin on Second Amendment Incremental Term Loans from 4.00% to 3.25%.
On June 5, 2025, Michael B. McGuinness, the Company’s Executive Vice President, Deputy Chief Financial Officer, was designated as the Company’s principal accounting officer.
On May 30, 2025, iHeartMedia, Inc. (the “Company”) transitioned Scott Hamilton from his role as the Company’s principal accounting officer to a consulting arrangement, effective June 2, 2025.
On April 1, 2025, iHeartMedia, Inc. (the “Company”) announced that it intends to nominate Robert Millard as a director of the Company at the Company’s 2025 Annual Meeting of Stockholders (the “2025 Annual Meeting”).
On March 26, 2025, Brad Gerstner informed the Company of his intention not to stand for re-election to the Board at the Company’s 2025 Annual Meeting to focus on other commitments and accordingly, his term will end on the date of the 2025 Annual Meeting.
On March 3, 2025, Jordan R. Fasbender, the Executive Vice President, Chief Legal Officer and Secretary of iHeartMedia, Inc. (the “Company”) resigned from her positions with the Company, effective on or around April 1, 2025 (the “Effective Date”), to accept another position outside of the Company.
Ms. Fasbender’s title was changed to Executive Vice President, Chief Legal Officer and Corporate Secretary
Mr. McGuinness’s title was changed from Executive Vice President – Finance and Deputy Chief Financial Officer to Executive Vice President, Deputy Chief Financial Officer of the Company and Chief Financial Officer – Multiplatform and Digital Segments.
On March 15, 2022, the Board of Directors (the “Board”) of iHeartMedia, Inc. (the “Company”) elected Samuel E. Englebardt to the Board (the “Effective Date”), for a term ending at the 2023 annual meeting of stockholders of the Company.
On February 2, 2022, Gary Barber resigned from the Board of Directors (the “Board”) of iHeartMedia, Inc. (the “Company”), effective February 8, 2022.
Max materiality 0.90 · Median 0.65 · Most common event earnings