IHRT — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-10

• Management monitors revenue generated through our programmatic advertising offerings, including AudioGraph and related automated advertising technologies, to assess the performance of our advertising technology and marketing optimization

• initiatives. We continue to invest in our broadcast radio programmatic sales capabilities that enhance advertisers' ability to plan, buy, target, measure, and optimize campaigns across our platforms. These investments support increased automation of advertising transactions, improved audience insigh…

• Consolidated revenue increased $120.7 million during the six months ended June 30, 2026 compared to the same period of 2025. Multiplatform Group revenue increased $11.6 million, or 1.1%, primarily resulting from an increase in trade and barter revenue related to strategic marketing initiatives and p…

• Consolidated direct operating expenses increased $9.4 million, or 2.4%, and $28.1 million, or 3.8%, during the three and six months ended June 30, 2026, compared to the same periods of 2025. The increases were primarily driven by higher variable content costs, including higher third-party digital co…

• Consolidated SG&A expenses increased $48.5 million, or 11.8%, and $93.9 million, or 11.8%, during the three and six months ended June 30, 2026, compared to the same periods of 2025. The increases were driven primarily by an increase in non-cash trade and barter expense associated with revenues gener…

Text removed vs the prior filing · source: 10-Q · 2026-05-11

• Management monitors revenue generated through our programmatic ad-buying platform, and our data analytics advertising product, to measure the success of our enhanced marketing optimization tools. We have made significant

• investments so we can provide the same ad-buying experience that once was only available from digital-only companies and enable our clients to better understand how our assets can successfully reach their target audiences.

• Consolidated direct operating expenses increased $18.7 million, or 5.3%, during the three months ended March 31, 2026, compared to the same period of 2025. The increase was primarily driven by higher variable content costs, including higher third-party digital costs related to the increase in digita…

• Consolidated SG&A expenses increased $45.4 million, or 11.9%, during the three months ended March 31, 2026, compared to the same period of 2025. The increase was driven primarily by an increase in non-cash trade and barter expense associated with revenues generated by strategic marketing initiatives…

• Depreciation and amortization decreased $10.5 million during the three months ended March 31, 2026 compared to the same period of 2025 primarily as a result of a lower fixed asset base due to lower levels of capital expenditures.

Text added vs the prior filing · source: 10-Q · 2026-08-10

• On August 7, 2026, iHeartCommunications (the "Borrower") entered into Amendment No. 2 to the ABL Credit Agreement (the "Second Amendment"), the loan parties thereto, Bank of America, N.A. as administrative agent, and the lenders party thereto, which amended the ABL Credit Agreement dated as of May 1…

• Borrowings under the ABL Facility continue to bear interest at a rate per annum equal to, at the Borrower's option, either (a) Term SOFR plus an applicable margin ranging from 1.75% to 2.25% or (b) a base rate plus an applicable margin ranging from 0.75% to 1.25%, in each case depending on average e…

• The Second Amendment did not result in the repayment of any outstanding borrowings; all amounts outstanding under the ABL Facility at the time of the Second Amendment continued in place under the amended terms.

• The foregoing description is qualified in its entirety by reference to the complete text of the Second Amendment, a copy of which is attached hereto as Exhibit 10.3 and is incorporated by reference herein.

• (c)During the three months ended June 30, 2026, no director or officer of the Company adopted or terminated a "Rule 10b5-1 trading arrangement" or "non-Rule 10b5-1 trading arrangement," as each term is defined in Item 408 of Regulation S-K.

Text removed vs the prior filing · source: 10-Q · 2026-05-11

• (c)During the three months ended March 31, 2026, no director or officer of the Company adopted or terminated a "Rule 10b5-1 trading arrangement" or "non-Rule 10b5-1 trading arrangement," as each term is defined in Item 408(a) of Regulation S-K.