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v3.25.1

SEGMENT DATA (Details) - USD ($) $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2025 | Mar. 31, 2024
Segment Reporting Information [Line Items] |  |
Revenue | $ 807,101 | $ 799,038
Direct operating expenses | 351,719 | 337,498
Selling, general and administrative expenses | 350,794 | 356,923
Segment Adjusted EBITDA | 104,588 | 104,617
Depreciation and amortization | (91,901) | (105,162)
Impairment charges | (2,855) | (1,508)
Other operating expense, net | (659) | (572)
Restructuring expenses | (25,578) | (23,603)
Share-based compensation expense | (9,029) | (8,480)
Operating loss | (25,434) | (34,708)
Segment Assets | 5,268,093 | 6,758,312
Capital expenditures | 19,730 | 21,582
Operating segments | Multiplatform Group |  |
Segment Reporting Information [Line Items] |  |
Revenue | 472,978 | 493,463
Direct operating expenses | 199,669 | 204,130
Selling, general and administrative expenses | 203,302 | 212,151
Segment Adjusted EBITDA | 70,007 | 77,182
Segment Assets | 4,027,842 | 5,259,863
Capital expenditures | 5,929 | 11,704
Operating segments | Digital Audio Group |  |
Segment Reporting Information [Line Items] |  |
Revenue | 277,287 | 238,968
Direct operating expenses | 145,921 | 127,254
Selling, general and administrative expenses | 44,283 | 43,587
Segment Adjusted EBITDA | 87,083 | 68,127
Segment Assets | 593,363 | 618,337
Capital expenditures | 5,856 | 5,427
Operating segments | Audio & Media Services Group |  |
Segment Reporting Information [Line Items] |  |
Revenue | 59,323 | 69,168
Direct operating expenses | 7,084 | 7,041
Selling, general and administrative expenses | 36,441 | 38,432
Segment Adjusted EBITDA | 15,798 | 23,695
Segment Assets | 273,776 | 305,243
Capital expenditures | 5,627 | 2,257
Corporate and other reconciling items |  |
Segment Reporting Information [Line Items] |  |
Revenue | 0 | 0
Direct operating expenses | 0 | 0
Selling, general and administrative expenses | 68,300 | 64,387
Segment Adjusted EBITDA | (68,300) | (64,387)
Segment Assets | 377,161 | 578,810
Capital expenditures | 2,318 | 2,194
Eliminations |  |
Segment Reporting Information [Line Items] |  |
Revenue | (2,487) | (2,561)
Direct operating expenses | (955) | (927)
Selling, general and administrative expenses | (1,532) | (1,634)
Segment Adjusted EBITDA | 0 | 0
Segment Assets | (4,049) | (3,941)
Capital expenditures | 0 | 0
Intersegment revenues |  |
Segment Reporting Information [Line Items] |  |
Revenue | 2,487 | 2,561
Intersegment revenues | Multiplatform Group |  |
Segment Reporting Information [Line Items] |  |
Revenue | 0 | 0
Intersegment revenues | Digital Audio Group |  |
Segment Reporting Information [Line Items] |  |
Revenue | 1,131 | 1,185
Intersegment revenues | Audio & Media Services Group |  |
Segment Reporting Information [Line Items] |  |
Revenue | $ 1,356 | $ 1,376

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