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REVENUE (Tables)
9 Months Ended
Sep. 30, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The following tables show revenue streams for the three and nine months ended September 30, 2025 and 2024:
(In thousands)Multiplatform GroupDigital Audio GroupAudio & Media Services GroupEliminationsConsolidated
Three Months Ended September 30, 2025
Revenue from contracts with customers:
  Broadcast Radio(1)
$427,024 $— $— $— $427,024 
  Networks(2)
114,273 — — — 114,273 
  Sponsorship and Events(3)
45,504 — — — 45,504 
  Digital, excluding Podcast(4)
— 202,018 — (1,128)200,890 
  Podcast(5)
— 139,673 — — 139,673 
  Audio & Media Services(6)
— — 66,605 (1,365)65,240 
  Other(7)
4,140 — — — 4,140 
     Total590,941 341,691 66,605 (2,493)996,744 
Revenue from leases(8)
266 — — — 266 
Revenue, total$591,207 $341,691 $66,605 $(2,493)$997,010 
Three Months Ended September 30, 2024
Revenue from contracts with customers:
  Broadcast Radio(1)
$448,808 $— $— $— $448,808 
  Networks(2)
115,310 — — — 115,310 
  Sponsorship and Events(3)
50,329 — — — 50,329 
  Digital, excluding Podcast(4)
— 186,996 — (1,189)185,807 
  Podcast(5)
— 114,045 — — 114,045 
  Audio & Media Services(6)
— — 90,050 (1,313)88,737 
  Other(7)
4,978 — — — 4,978 
Total619,425 301,041 90,050 (2,502)1,008,014 
Revenue from leases(8)
119 — — — 119 
Revenue, total$619,544 $301,041 $90,050 $(2,502)$1,008,133 
(In thousands)Multiplatform GroupDigital Audio GroupAudio & Media Services GroupEliminationsConsolidated
Nine Months Ended September 30, 2025
Revenue from contracts with customers:
  Broadcast Radio(1)
$1,163,549 $— $— $— $1,163,549 
  Networks(2)
321,549 — — — 321,549 
  Sponsorship and Events(3)
110,610 — — — 110,610 
  Digital, excluding Podcast(4)
— 552,829 — (3,412)549,417 
  Podcast(5)
— 390,005 — — 390,005 
  Audio & Media Services(6)
— — 193,664 (4,105)189,559 
  Other(7)
12,627 — — — 12,627 
     Total1,608,335 942,834 193,664 (7,517)2,737,316 
Revenue from leases(8)
448 — — — 448 
Revenue, total$1,608,783 $942,834 $193,664 $(7,517)$2,737,764 
Nine Months Ended September 30, 2024
Revenue from contracts with customers:
  Broadcast Radio(1)
$1,233,636 $— $— $— $1,233,636 
  Networks(2)
323,952 — — — 323,952 
  Sponsorship and Events(3)
117,279 — — — 117,279 
  Digital, excluding Podcast(4)
— 516,433 — (3,549)512,884 
  Podcast(5)
— 309,190 — — 309,190 
  Audio & Media Services(6)
— — 229,300 (4,025)225,275 
  Other(7)
13,503 — — — 13,503 
Total1,688,370 825,623 229,300 (7,574)2,735,719 
Revenue from leases(8)
544 — — — 544 
Revenue, total$1,688,914 $825,623 $229,300 $(7,574)$2,736,263 
(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
September 30,
Nine Months Ended
September 30,
(In thousands)2025202420252024
  Trade and barter revenues$131,528 $87,768 $256,888 $198,350 
  Trade and barter expenses68,215 67,243 166,778 159,210 
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
September 30,
Nine Months Ended
September 30,
(In thousands)2025202420252024
Deferred revenue from contracts with customers:
  Beginning balance(1)
$195,763 $181,883 $173,766 $181,899 
    Revenue recognized, included in beginning balance(70,328)(63,013)(117,940)(115,463)
    Additions, net of revenue recognized during period, and other44,172 64,627 113,781 117,061 
  Ending balance$169,607 $183,497 $169,607 $183,497 
(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.