iHeartMedia (IHRT) 8-K Results of Operations and Financial Condition

Exhibit 99.1 iHeartMedia Today
#1 Audio Media Company in the U.S.3
	$3.6 Billion                        PF Revenue1	~$1.0 Billion PF Adj. EBITDA1	27%                         PF Adj. EBITDA                         Margin1

	275M US Monthly Broadcast Reach	146M Social Followers	130M Registered iHeartRadio Users	130M Monthly Podcast Downloads and Streams
	854 Owned Broadcast Radio Stations	800+ Station & Personality Websites	250+ Listening Platforms	20,000+ Events

¹  Pro Forma 2018 financials give effect to the Separation as if had occurred on January 1, 2018; Adjusted EBITDA is a non-GAAP financial measure. See appendix for a reconciliation of adjusted EBITDA to the most directly comparable GAAP metrics

²  Fall 2018 Nielsen Audio Nationwide- Monthly Reach People 6+; Shareablee May 2019, Includes fans and followers of iHeartMedia’s stations, brands, and personalities; Podtrac Ranker June 2019 (GLOBAL DOWNLOADS & STREAMS).

³  Based on Consumer Reach

Debt Capitalization

Post-Emergence Debt ($M)	Maturity		Interest Rate		6/30/2019
New ABL Facility(~$390M Undrawn Availability)1		2023		LIBOR + 1.25% - 1.75% (eurocurrency rate)		0
New Term Loan Facility		2026		LIBOR + 4.00%		3,498
New Senior Secured Notes		2026		6.375%		800
New Senior Unsecured Notes		2027		8.375%		1,450
Other Debt2						58
Subsidiary Preferred Stock						58
Total Post-Emergence Debt						5,864
PF 2018 Net Income (Loss)						(38)
PF 2018 Adjusted EBITDA3						976
Total Post Emergence Debt to PF 2018 Adjusted EBITDA3						6.0x

¹ As of June 30, 2019, we had no amounts drawn under the New ABL Facility and ~$390mm availability. The $450M facility is limited by a receivables borrowing base and backstops ~$60M in letters of credit, which reduces available borrowing capacity

² Other debt includes lease obligations, subsidiary notes payable, and contract obligations

³ Pro Forma 2018 financials give effect to the Separation as if it had occurred on January 1, 2018; Adjusted EBITDA is anon-GAAP financial measure. See “Reconciliation ofNon-GAAP Items” in this appendix for a reconciliation of adjusted EBITDA to the most directly comparable GAAP metrics

Figures may not foot due to rounding

Reconciliation ofNon-GAAP Items

Fiscal Year Ended December 31 ($M)	2016(PF)1			2017(PF)1			2018(PF)1
Consolidated Net Loss		(354	)		(656	)		(38	)
% Margin		(10%	)		(18%	)		(1%	)
Income Tax (Benefit) Expense		(127	)		(177	)		14
Interest Expense		1,475			1,484			335
Depreciation & Amortization		291			275			212
EBITDA		1,285			927			523
Other Expense, Net		16			49			24
Gain on Extinguishment of Debt		(158	)		(1	)		–
Equity in (Earnings) Loss of Nonconsolidated Affiliates		15			2			–
Impairment Charges		1			6			33
Other Operating (Income) Expense, Net		1			(9	)		9
Share-Based Compensation		3			2			2
Restructuring and Reorganization Expenses		39			44			385
Adjusted EBITDA		1,202			1,019			976
% Margin2		34%			28%			27%

¹  Pro forma for the Separation as if it had occurred at the beginning of the period

²  Calculated as Adjusted EBITDA divided by Revenue

Figures may not foot due to rounding