XML 56 R45.htm IDEA: XBRL DOCUMENT v3.25.2
SEGMENT DATA (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Segment Reporting Information [Line Items]        
Revenue $ 933,653 $ 929,092 $ 1,740,754 $ 1,728,130
Direct Operating Expenses, Adjusted 386,365 379,479 738,084 716,977
Selling, general and administrative expenses 391,161 399,406 741,955 756,329
Segment Adjusted EBITDA 156,127 150,207 260,715 254,824
Depreciation and amortization (90,369) (104,356) (182,270) (209,518)
Impairment charges (2,552) (920,224) (5,407) (921,732)
Other operating expense, net (1,086) (516) (1,745) (1,088)
Restructuring expenses (19,490) (27,558) (45,068) (51,161)
Share-based compensation expense (7,260) (7,220) (16,289) (15,700)
Operating income (loss) 35,370 (909,667) 9,936 (944,375)
Segment Assets 5,379,317 5,769,168 5,379,317 5,769,168
Capital expenditures 19,997 21,172 39,727 42,754
Operating segments | Multiplatform Group        
Segment Reporting Information [Line Items]        
Revenue 544,598 575,907 1,017,576 1,069,370
Direct Operating Expenses, Adjusted 218,052 224,752 417,721 428,882
Selling, general and administrative expenses 230,182 246,892 433,484 459,043
Segment Adjusted EBITDA 96,364 104,263 166,371 181,445
Segment Assets 4,066,415 4,294,769 4,066,415 4,294,769
Capital expenditures 10,698 12,895 16,627 24,599
Operating segments | Digital Audio Group        
Segment Reporting Information [Line Items]        
Revenue 323,856 285,614 601,143 524,582
Direct Operating Expenses, Adjusted 161,811 148,320 307,732 275,574
Selling, general and administrative expenses 54,435 45,424 98,718 89,011
Segment Adjusted EBITDA 107,610 91,870 194,693 159,997
Segment Assets 606,412 592,648 606,412 592,648
Capital expenditures 4,406 5,692 10,262 11,119
Operating segments | Audio & Media Services Group        
Segment Reporting Information [Line Items]        
Revenue 67,736 70,082 127,059 139,250
Direct Operating Expenses, Adjusted 7,474 7,340 14,558 14,381
Selling, general and administrative expenses 36,541 38,893 72,982 77,325
Segment Adjusted EBITDA 23,721 23,849 39,519 47,544
Segment Assets 269,612 286,762 269,612 286,762
Capital expenditures 2,752 2,167 8,379 4,424
Corporate and other reconciling items        
Segment Reporting Information [Line Items]        
Revenue 0 0 0 0
Direct Operating Expenses, Adjusted 0 0 0 0
Selling, general and administrative expenses 71,568 69,775 139,868 134,162
Segment Adjusted EBITDA (71,568) (69,775) (139,868) (134,162)
Segment Assets 439,578 597,598 439,578 597,598
Capital expenditures 2,141 418 4,459 2,612
Eliminations        
Segment Reporting Information [Line Items]        
Revenue (2,537) (2,511) (5,024) (5,072)
Direct Operating Expenses, Adjusted (972) (933) (1,927) (1,860)
Selling, general and administrative expenses (1,565) (1,578) (3,097) (3,212)
Segment Adjusted EBITDA 0 0 0 0
Segment Assets (2,700) (2,609) (2,700) (2,609)
Capital expenditures 0 0 0 0
Intersegment revenues        
Segment Reporting Information [Line Items]        
Revenue 2,537 2,511 5,024 5,072
Intersegment revenues | Multiplatform Group        
Segment Reporting Information [Line Items]        
Revenue 0 0 0 0
Intersegment revenues | Digital Audio Group        
Segment Reporting Information [Line Items]        
Revenue 1,153 1,175 2,284 2,360
Intersegment revenues | Audio & Media Services Group        
Segment Reporting Information [Line Items]        
Revenue $ 1,384 $ 1,336 $ 2,740 $ 2,712