XML 60 R49.htm IDEA: XBRL DOCUMENT v3.21.2
SEGMENT DATA (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Segment Reporting Information [Line Items]        
Revenue $ 928,051 $ 744,406 $ 2,496,321 $ 2,012,688
Operating expenses 697,838 582,282 1,979,353 1,739,508
Adjusted EBITDA 230,213 162,124 516,968 273,180
Depreciation and amortization (108,100) (99,379) (343,408) (299,494)
Impairment charges (11,647) 0 (49,391) (1,733,235)
Other operating expense, net (12,341) (1,675) (27,491) (3,247)
Restructuring expenses (12,021) (15,790) (47,216) (72,947)
Share-based compensation expense (5,993) (5,885) (17,581) (14,728)
Operating income (loss) 80,111 39,395 31,881 (1,850,471)
Capital expenditures 50,274 18,977 101,335 58,523
Share-based compensation expense 5,993 5,885 17,581 14,728
Operating segments | Multiplatform Group        
Segment Reporting Information [Line Items]        
Revenue 658,979 555,097 1,762,726 1,541,823
Operating expenses 450,549 416,131 1,268,107 1,265,094
Adjusted EBITDA 208,430 138,966 494,619 276,729
Capital expenditures 35,082 12,056 66,522 34,843
Share-based compensation expense 0 0 0 0
Operating segments | Digital Audio Group        
Segment Reporting Information [Line Items]        
Revenue 205,769 116,200 561,252 302,203
Operating expenses 138,646 81,042 399,828 231,589
Adjusted EBITDA 67,123 35,158 161,424 70,614
Capital expenditures 6,223 4,029 17,934 10,714
Share-based compensation expense 0 0 0 0
Operating segments | Audio & Media Services Group        
Segment Reporting Information [Line Items]        
Revenue 66,078 75,039 182,390 174,517
Operating expenses 43,656 46,247 124,148 127,774
Adjusted EBITDA 22,422 28,792 58,242 46,743
Capital expenditures 3,967 850 6,158 2,473
Share-based compensation expense 0 0 0 0
Corporate and other reconciling items        
Segment Reporting Information [Line Items]        
Revenue 0 0 0 0
Operating expenses 67,762 40,792 197,317 120,906
Adjusted EBITDA (67,762) (40,792) (197,317) (120,906)
Capital expenditures 5,002 2,042 10,721 10,493
Share-based compensation expense 5,993 5,885 17,581 14,728
Eliminations        
Segment Reporting Information [Line Items]        
Revenue (2,775) (1,930) (10,047) (5,855)
Operating expenses (2,775) (1,930) (10,047) (5,855)
Adjusted EBITDA 0 0 0 0
Capital expenditures 0 0 0 0
Share-based compensation expense 0 0 0 0
Intersegment revenues        
Segment Reporting Information [Line Items]        
Revenue 2,775 1,930 10,047 5,855
Intersegment revenues | Multiplatform Group        
Segment Reporting Information [Line Items]        
Revenue 112 168 447 503
Intersegment revenues | Digital Audio Group        
Segment Reporting Information [Line Items]        
Revenue 1,475 0 4,547 0
Intersegment revenues | Audio & Media Services Group        
Segment Reporting Information [Line Items]        
Revenue $ 1,188 $ 1,762 $ 5,053 $ 5,352