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REVENUE (Tables) | 12 Months Ended
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Dec. 31, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | The following table shows revenue streams for the Company:
(In thousands) | Multiplatform Group |  | Digital Audio Group |  | Audio and Media Services Group |  | Eliminations |  | Consolidated
Year Ended December 31, 2024
Revenue from contracts with customers: |  |  |  |  |  |  |  |  |
Broadcast Radio(1) | $ | 1,726,934 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,726,934 |
Networks(2) | 437,212 |  |  | — |  |  | — |  |  | — |  |  | 437,212 |
Sponsorship and Events(3) | 187,344 |  |  | — |  |  | — |  |  | — |  |  | 187,344 |
Digital, excluding Podcast(4) | — |  |  | 715,736 |  |  | — |  |  | (4,626) |  |  | 711,110 |
Podcast(5) | — |  |  | 448,779 |  |  | — |  |  | — |  |  | 448,779 |
Audio & Media Services(6) | — |  |  | — |  |  | 327,055 |  |  | (5,321) |  |  | 321,734 |
Other(7) | 20,632 |  |  | — |  |  | — |  |  | — |  |  | 20,632 |
Total | 2,372,122 |  |  | 1,164,515 |  |  | 327,055 |  |  | (9,947) |  |  | 3,853,745 |
Revenue from leases(8) | 787 |  |  | — |  |  | — |  |  | — |  |  | 787 |
Revenue, total | $ | 2,372,909 |  |  | $ | 1,164,515 |  |  | $ | 327,055 |  |  | $ | (9,947) |  |  | $ | 3,854,532 |
Year Ended December 31, 2023
Revenue from contracts with customers: |  |  |  |  |  |  |  |  |
Broadcast Radio(1) | $ | 1,752,166 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,752,166 |
Networks(2) | 466,404 |  |  | — |  |  | — |  |  | — |  |  | 466,404 |
Sponsorship and Events(3) | 191,434 |  |  | — |  |  | — |  |  | — |  |  | 191,434 |
Digital, excluding Podcast(4) | — |  |  | 661,319 |  |  | — |  |  | (4,800) |  |  | 656,519 |
Podcast(5) | — |  |  | 407,848 |  |  | — |  |  | — |  |  | 407,848 |
Audio & Media Services(6) | — |  |  | — |  |  | 256,702 |  |  | (5,412) |  |  | 251,290 |
Other(7) | 23,351 |  |  | — |  |  | — |  |  | — |  |  | 23,351 |
Total | 2,433,355 |  |  | 1,069,167 |  |  | 256,702 |  |  | (10,212) |  |  | 3,749,012 |
Revenue from leases(8) | 2,013 |  |  | — |  |  | — |  |  | — |  |  | 2,013 |
Revenue, total | $ | 2,435,368 |  |  | $ | 1,069,167 |  |  | $ | 256,702 |  |  | $ | (10,212) |  |  | $ | 3,751,025 |
Year Ended December 31, 2022
Revenue from contracts with customers:
Broadcast Radio(1) | $ | 1,883,324 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,883,324 |
Networks(2) | 503,244 |  |  | — |  |  | — |  |  | — |  |  | 503,244 |
Sponsorship and Events(3) | 188,985 |  |  | — |  |  | — |  |  | — |  |  | 188,985 |
Digital, excluding Podcast(4) | — |  |  | 663,392 |  |  | — |  |  | (5,238) |  |  | 658,154 |
Podcast(5) | — |  |  | 358,432 |  |  | — |  |  | — |  |  | 358,432 |
Audio & Media Services(6) | — |  |  | — |  |  | 304,302 |  |  | (5,348) |  |  | 298,954 |
Other(7) | 20,249 |  |  | — |  |  | — |  |  | (447) |  |  | 19,802 |
Total | 2,595,802 |  |  | 1,021,824 |  |  | 304,302 |  |  | (11,033) |  |  | 3,910,895 |
Revenue from leases(8) | 1,388 |  |  | — |  |  | — |  |  | — |  |  | 1,388 |
Revenue, total | $ | 2,597,190 |  |  | $ | 1,021,824 |  |  | $ | 304,302 |  |  | $ | (11,033) |  |  | $ | 3,912,283 |
(1)Broadcast Radio revenue is generated through the sale of advertising time on the Company’s radio stations. (2)Networks revenue is generated through the sale of advertising on the Company’s Premiere and Total Traffic & Weather network programs and through the syndication of network programming to other media companies. (3)Sponsorship and events revenue is generated through local events and major nationally-recognized tent pole events and include sponsorship and other advertising revenue, ticket sales, and licensing, as well as endorsement and appearance fees generated by on-air talent. (4)Digital, excluding Podcast revenue is generated through the sale of streaming and display advertisements on digital platforms and through subscriptions to iHeartRadio streaming services. (5)Podcast revenue is primarily generated through the sale of advertising on the Company's podcast network. (6)Audio and media services revenue is generated by services provided to broadcast industry participants through the Company’s Katz Media and RCS businesses. As a media representation firm, Katz Media generates revenue via commissions on media sold on behalf of the radio and television stations that it represents, while RCS generates revenue by providing broadcast software and media streaming, along with research services for radio stations, broadcast television stations, cable channels, record labels, ad agencies and Internet stations worldwide. (7)Other revenue represents fees earned for miscellaneous services, including on-site promotions, activations, and local marketing agreements. (8)Revenue from leases is primarily generated by the lease of towers to other media companies, which are all categorized as operating leases.
Schedule of Barter and Trade Revenues and Expenses | Trade and barter revenues and expenses, which are included in consolidated revenue and selling, general and administrative expenses, respectively, were as follows:
| Year Ended December 31,
(In thousands) | 2024 |  | 2023 |  | 2022
Consolidated: |  |  |  |  |
Trade and barter revenues | $ | 261,075 |  |  | $ | 255,603 |  |  | $ | 188,357 |
Trade and barter expenses | 260,464 |  |  | 234,984 |  |  | 188,161 |
Schedule of Changes in Contract Assets and Liabilities | The following tables show the Company’s deferred revenue balance from contracts with customers:
| Year Ended December 31,
(In thousands) | 2024 |  | 2023 |  | 2022
Deferred revenue from contracts with customers: |  |  |  |  |
Beginning balance(1) | $ | 181,899 |  |  | $ | 157,910 |  |  | $ | 161,114 |
Revenue recognized, included in beginning balance | (135,442) |  |  | (112,224) |  | (117,947)
Additions, net of revenue recognized during period, and other | 127,309 |  | 136,213 |  | 114,743
Ending balance | $ | 173,766 |  |  | $ | 181,899 |  |  | $ | 157,910 |
(1)Deferred revenue from contracts with customers, which excludes other sources of deferred revenue that are not related to contracts with customers, is included within deferred revenue and other long-term liabilities on the Consolidated Balance Sheets, depending upon when revenue is expected to be recognized.

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