XML 29 R18.htm IDEA: XBRL DOCUMENT v3.25.2
REVENUE (Tables)
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The following tables show revenue streams for the three and six months ended June 30, 2025 and 2024:
(In thousands)Multiplatform GroupDigital Audio GroupAudio & Media Services GroupEliminationsConsolidated
Three Months Ended June 30, 2025
Revenue from contracts with customers:
  Broadcast Radio(1)
$395,789 $— $— $— $395,789 
  Networks(2)
107,813 — — — 107,813 
  Sponsorship and Events(3)
36,485 — — — 36,485 
  Digital, excluding Podcast(4)
— 189,560 — (1,153)188,407 
  Podcast(5)
— 134,296 — — 134,296 
  Audio & Media Services(6)
— — 67,736 (1,384)66,352 
  Other(7)
4,420 — — — 4,420 
     Total544,507 323,856 67,736 (2,537)933,562 
Revenue from leases(8)
91 — — — 91 
Revenue, total$544,598 $323,856 $67,736 $(2,537)$933,653 
Three Months Ended June 30, 2024
Revenue from contracts with customers:
  Broadcast Radio(1)
$425,490 $— $— $— $425,490 
  Networks(2)
106,591 — — — 106,591 
  Sponsorship and Events(3)
39,121 — — — 39,121 
  Digital, excluding Podcast(4)
— 181,093 — (1,175)179,918 
  Podcast(5)
— 104,521 — — 104,521 
  Audio & Media Services(6)
— — 70,082 (1,336)68,746 
  Other(7)
4,430 — — — 4,430 
Total575,632 285,614 70,082 (2,511)928,817 
Revenue from leases(8)
275 — — — 275 
Revenue, total$575,907 $285,614 $70,082 $(2,511)$929,092 
(In thousands)Multiplatform GroupDigital Audio GroupAudio & Media Services GroupEliminationsConsolidated
Six Months Ended June 30, 2025
Revenue from contracts with customers:
  Broadcast Radio(1)
$736,525 $— $— $— $736,525 
  Networks(2)
207,276 — — — 207,276 
  Sponsorship and Events(3)
65,106 — — — 65,106 
  Digital, excluding Podcast(4)
— 350,811 — (2,284)348,527 
  Podcast(5)
— 250,332 — — 250,332 
  Audio & Media Services(6)
— — 127,059 (2,740)124,319 
  Other(7)
8,487 — — — 8,487 
     Total1,017,394 601,143 127,059 (5,024)1,740,572 
Revenue from leases(8)
182 — — — 182 
Revenue, total$1,017,576 $601,143 $127,059 $(5,024)$1,740,754 
Six Months Ended June 30, 2024
Revenue from contracts with customers:
  Broadcast Radio(1)
$784,828 $— $— $— $784,828 
  Networks(2)
208,642 — — — 208,642 
  Sponsorship and Events(3)
66,950 — — — 66,950 
  Digital, excluding Podcast(4)
— 329,437 — (2,360)327,077 
  Podcast(5)
— 195,145 — — 195,145 
  Audio & Media Services(6)
— — 139,250 (2,712)136,538 
  Other(7)
8,525 — — — 8,525 
Total1,068,945 524,582 139,250 (5,072)1,727,705 
Revenue from leases(8)
425 — — — 425 
Revenue, total$1,069,370 $524,582 $139,250 $(5,072)$1,728,130 
(1)Broadcast Radio revenue is generated through the sale of advertising time on the Company’s domestic 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 generated through the sale of advertising on the Company's podcast network.
(6)Audio & 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:
Three Months Ended
June 30,		Six Months Ended
June 30,
(In thousands)2025202420252024
  Trade and barter revenues$75,995 $69,277 $125,360 $110,582 
  Trade and barter expenses64,769 57,786 98,563 91,967 
Schedule of Contract with Customer, Asset and Liability
The following tables show the Company’s deferred revenue balance from contracts with customers:
Three Months Ended
June 30,		Six Months Ended
June 30,
(In thousands)2025202420252024
Deferred revenue from contracts with customers:
  Beginning balance(1)
$183,684 $185,835 $173,766 $181,899 
    Revenue recognized, included in beginning balance(68,626)(69,378)(94,430)(100,826)
    Additions, net of revenue recognized during period, and other80,705 65,426 116,427 100,810 
  Ending balance$195,763 $181,883 $195,763 $181,883 
(1)Deferred revenue from 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.