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#1iHeart MEDIA First Quarter 2022 Investor Presentation May 5, 2022 | NASDAQ: IHRT AMERICA'S #1 AUDIO COMPANY REACHING 9 OUT OF 10 AMERICANS EVERY MONTH RADIO PODCASTS DIGITAL SOCIAL INFLUENCERS DATA EVENTS#22 Safe Harbor Statement Forward Looking Language Certain statements in this presentation constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of iHeartMedia, Inc. and its subsidiaries (the "Company"), to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The words or phrases "guidance," "believe," "expect," "anticipate," "estimates," "forecast" and similar words or expressions are intended to identify such forward-looking statements. In addition, any statements that refer to expectations or other characterizations of future events or circumstances, such as statements about expectations regarding economic recovery and the recovery of advertising revenue, expectations regarding the Company's digital transformation, financial performance of our segments, our expected costs and savings of our modernization initiatives and other capital and operating expense reduction initiatives, our business plans, strategies and initiatives, our expectations about certain markets and our anticipated financial performance, liquidity and net leverage, are forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other important factors, some of which are beyond our control and are difficult to predict. Various risks that could cause future results to differ from those expressed by the forward-looking statements included in this presentation include, but are not limited to: weak or uncertain global economic conditions; the impact of the COVID-19 pandemic; increased competition; dependence upon the performance of on-air talent, program hosts and management; fluctuations in operating costs; technological changes and innovations; shifts in population and other demographics; impact of our substantial indebtedness; impact of acquisitions, dispositions and other strategic transactions; legislative or regulatory requirements; impact of legislation, ongoing litigation, or royalty audits on music licensing and royalties; regulations and concerns regarding privacy and data protection; risk associated with our emergence from the Chapter 11 Cases; risks related to our Class A common stock; and regulations impacting our business and the ownership of our securities. Other unknown or unpredictable factors also could have material adverse effects on the Company's future results, performance or achievements. In light of these risks, uncertainties, assumptions and factors, the forward-looking events discussed in this presentation may not occur. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date stated, or if no date is stated, as of the date of this presentation. Additional risks that could cause future results to differ from those expressed by any forward-looking statement are described in the Company's reports filed with the U.S. Securities and Exchange Commission, including in the section entitled “Item 1A. Risk Factors" of iHeartMedia, Inc.'s Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. Except as otherwise stated in this presentation, the Company does not undertake any obligation to publicly update or revise any forward-looking statements because of new information, future events or otherwise. Non-GAAP Financial Measures This presentation includes information that does not conform to U.S. generally accepted accounting principles (GAAP), such as (i) Adjusted EBITDA and Adjusted EBITDA margin, (ii) Free cash flow, (iii) Free cash flow including net proceeds from real estate sales, and (iv) revenue excluding the effects of political revenue. Since these non-GAAP financial measures are not calculated in accordance with GAAP, they should not be considered in isolation of, or as a substitute for, the most directly comparable GAAP financial measures as an indicator of operating performance. Furthermore, these measures may not be consistent with similar measures provided by other companies. This data should be read in conjunction with previously published company reports on Forms 10-K, 10-Q and 8-K. These reports are available on the Investor Relations page of www.iheartmedia.com. Reconciliations of non-GAAP measures to the most directly comparable GAAP measures are included at the end of this presentation. In addition, herein we have provided Adjusted EBITDA guidance for the quarter ending June 30,2022 and net leverage (as defined below) guidance for December 31, 2022, which reflects anticipated Adjusted EBITDA for the year ending December 31, 2022 and anticipated net debt as of December 31, 2022. A full reconciliation of the forecasted Adjusted EBITDA and net debt on a non-GAAP basis to its most-directly comparable GAAP metric, Operating Income and total debt, respectively, cannot be provided without unreasonable efforts due to the inherent difficulty in forecasting and quantifying with reasonable accuracy significant items required for the reconciliations. This presentation should be read in conjunction with the Q1 2022 earnings release of iHeartMedia, Inc. and Form 10-Q filing of iHeartMedia, Inc. available at www.iheartmedia.com Numbers may not sum due to rounding. In this presentation, Adjusted EBITDA is defined as consolidated Operating income adjusted to exclude restructuring expenses included within Direct operating expenses and Selling, General and Administrative expense, ("SG&A") and share-based compensation expenses included within SG&A expenses, as well as the following line items presented in our Statements of Operations: Depreciation and amortization; Impairment charges; and Other operating income (expense), net. Adjusted EBITDA margin is defined as Adjusted EBITDA divided by revenues. Free cash flow from (used for) continuing operations is defined as Cash provided by (used for) operating activities from continuing operations less capital expenditures, which is disclosed as Purchases of property, plant and equipment by continuing operations in the Company's Consolidated Statements of Cash Flows. Free Cash Flow including net proceeds from real estate sales is Free cash flow further adjusted to include net proceeds from real estate sales. See reconciliations in the Appendix. Net debt is Total debt less Cash and cash equivalents. Net leverage is defined as Net debt divided by Adjusted EBITDA. ¡Heart MEDIA#33 Executive Summary Q1 2022 Consolidated Results Q1 Revenue of $843 million up 19.4% YoY; slightly exceeded high end of guidance range of up approximately 17%-19% Consolidated Adjusted EBITDA of $145 million increased 42% YoY о Consolidated Adjusted EBITDA margin of 17.2%, up 275 bps from 14.5% in Q1 2021 Cash Flows from operating activities of $(52) million Free Cash Flow of $(75) million о Driven primarily by 2021 bonus and other variable compensation payments paid out in Q1 2022 Q1 2022 Digital Audio Group Continues Strong Growth and Profit Trajectory Digital Audio Group Revenue of $214 million up 36% YoY ° Podcast Revenue of $69 million up 79% YOY о Digital Revenue excluding Podcast of $146 million up 22% YOY Segment Adjusted EBITDA of $53 million increased 31% YoY ° Digital Audio Group Adjusted EBITDA margin of 24.5% decreased 90 bps from 25.4% in Q1 2021 due to targeted investments to drive future growth Digital Audio Group contributed 25% of Company Revenue Q1 2022 Multiplatform Group Momentum Accelerates Multiplatform Group Revenue of $571 million up 15% YoY Segment Adjusted EBITDA of $134 million increased 28% YoY ° Guidance Multiplatform Group Adjusted EBITDA margin of 23.4%, up 240 bps from 21.0% in Q1 2021 Q2 Consolidated Revenue expected to increase by approximately 10%-14% YOY April Consolidated Revenue up approximately 8% YoY о May and June Consolidated Revenue currently pacing up in the mid to high teens YoY Q2 Consolidated Adjusted EBITDA expected to be $225 million to $245 million Expect to make significant progress in 2022 towards the previously announced Net Debt to Adjusted EBITDA ("net leverage") target of approximately 4x ¡Heart MEDIA#44 Segment Reporting: 2022 Q1 Results Revenue Adjusted EBITDA Adjusted EBITDA Margin % $US Dollars in millions Three Months Ended March 31, Three Months Ended March 31, 2022 2021 % Chg 2022 2021 % Chg Q1 2022 Q1 2021 Multiplatform Group Digital Audio Group 571.2 $ 214.2 497.9 157.6 14.7 % $ 133.9 104.8 27.8 % 23.4 % 21.0 % 36.0 % 52.5 40.0 31.2 % 24.5 % 25.4 % Audio & Media Services Group 60.9 55.1 10.4 % 16.4 15.3 6.8 % 26.9 % 27.8 % Corporate and Other Items (57.6) (57.9) NM Eliminations (2.8) (3.9) NM - NM Consolidated $ 843.5 $ 706.7 19.4 % $ 145.2 $ 102.2 42.0% 17.2 % 14.5% Memo: Podcast Memo: Digital ex. Podcast st st $ 68.5 $ 38.4 78.7 % $ 145.7 $ 119.2 22.2 % Figures may not foot due to rounding. ¡Heart MEDIA#55 Continued Strong Digital Growth Directly Translating to Q1 2020 Consolidated Revenue (% Composition') (Total $781MM) Revenue Mix Shift Q1 2022 Consolidated Revenue (% Composition') (Total $843MM) 8% Audio Media Services Podcast 2% Digital Audio 12% Group 81%Multiplatform Group Podcast 8% Digital Audio 25% Group 7% Audio Media Services Composition based on Total Consolidated Revenue which includes Eliminations of $1.978MM for Q1 2020 and $2.778MM for Q1 2022, not included in charts as figure is <1% of composition 68% Multiplatform Group iHeart MEDIA#6CONTENT iHeartPODCAST NETWORK NFL You me Both HILLARY CLINTON YOU MISSED IN HISTORY CLASS CULTURA POUCAL RETADRE Black Effect HIIS IS PARIS BEFORE BREAKFAST PAPER GHOSTS STUFF YOU SHOULD KNOW THE TA PODCAST 6 iHeart Has the Only Total Audio Media Ecosystem aLL THE SMOKE RON BURGUNDY 3 MISSING IN ALASKA DISTRIBUTION Broadcast & Digital premiere NETWORKS iHeart RADIO Total Traffic & Weather Network Events (Local & National) iHeart JINGLE BALL Capital One iHeartRADIO Alter Capital One Capital One MUSIC FESTIVAL FIESTA RADIO LATINA 2021 ¡Heart COUNTRY FESTIVAL 21 iHeartRADIO WANGO TANGO Email Newsletters and iHeart Websites 860+ O&O Broadcast Stations 14100 102.7 hewyork KIISFM REAL breeze BIGI 98.1. 92.3 983 TECHNOLOGY Hosting/Infrastructure, Data, Monetization, and Measurement SMART ¡Heart AUDIO MEDIA #radiojar RCS Sound Software TRITON Omny Studio DIGITA A Triton Digital® Company unified Jelli ми VOXNEST w iHeart's Unique Audio Ecosystem Also Has Unsurpassed National Scale MEDIA MONITORS Ⓡ Radio Stations & Station Websites 100 hewyork 102.7 KIISFM breeze 98.1 BN BLACK INFORMATION NETWORK Networks REAL BIGI 983 iHeartSPORTS NETWORK premiere NETWORKS Total Traffic & Weather Network Personalities THE BREAKFAST CLUB ENRIQUE SANTOS BREAKFAST CLUB RYAN SEACREST DELILAH iHeart MEDIA#77 Outperforming Quarterly YoY Revenue Growth MAGNA Digital Ex-Podcast 105% 90% 75% 60% 45% 30% 15% +22% +16% Industry 0% 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 -15% Source: MAGNA US Media Forecast Spring 2022, MAGNA Digital Ex-Podcast includes: Audio (ex-podcast), Social, Display, Video, Search, and Other (i.e. Lead Generation, Classifieds, Email) iHeart MEDIA#83rd Party Digital Products 8 Digital Ex-Podcast Generates Additional Growth and TAM Opportunities Q1 2022 Revenue: $146M FY 2021 Revenue: $582M ☑ 88 A Websites Ad Tech Video Newsletters Social Streaming Audio Amplified by: | 1. Largest audio salesforce in the US 2. Long-term sales relationships with SMBs positioning iHeart as a mini-agency 3. Continued investments in training, IT infrastructure, centers of excellence iHeart MEDIA#9Outperforming Quarterly YoY Revenue Growth MAGNA Podcast 200% 160% 120% 80% 40% 0% 1Q20 2Q20 9 Source: MAGNA US Media Forecast Spring 2022 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 +79% +22% Industry 1Q22 iHeart MEDIA#1010 iHeartPodcast Network's Growth Is Highly Organic ¡HeartPodcast Network Monthly Streams/Downloads 257M Mar 2021 443M +72% +186M Source: Podtrac, March 2022 vs March 2021 Mar 2022 "Existing" and "New" Podcasts reflect podcasts launched before and after March 31, 2021, respectively 186M 35% New Podcasts¹ 65% Existing Podcasts¹ Mar 2021 to Mar 2022 YoY Growth iHeart MEDIA#11High Value iHeartRadio Strategically Positioned in the Podcast Value Chain¹ PODCAST PUBLISHERS Control/produce all content • . Publish content across multiple • distributors Full ad-revenue benefits captured by content Publishers Podtrac Industry Rankings - March 2022 • • PODCAST SALES REPS. Sell/backfill podcasts for certain Publishers Small commission - with most economics to Publisher • • Low Value DISTRIBUTORS Carry podcasts on platform No economics unless for another service (subscriptions, consumer app, device sales) Podcast RSS Feed: Non-Publisher Sales Agents: ත iHeart TRITON DIGITAL iHeart RADIO RANK PUBLISHER US UNIQUE MONTHLY AUDIENCE GLOBAL STREAMS & DOWNLOADS KATZ 1 iHeartRADIO 33,445,000 443,332,000 AUDIENCE NETWORK 2 npr 3 WONDERY 21,505,000 12,995,000 4 The New York Times 12,017,000 184,577,000 93,344,000 127,507,000 sxm adswizz MEDIA 5 NBC NEWS 8,948,000 63,526,000 11 1 Companies listed represent the major players in each category Spotify Audience Network Apple Podcasts amazon music STITCHER CUMULUS Spotify Google Podcasts ● Audacy iHeart MEDIA#12¡HeartPodcast Network's Audience Has Grown 6X Faster than Its Closest Publisher Competitor Since 2019 35 M Podtrac U.S. Unique Monthly Podcast Audience Growth vs 2019 +125% 30 M 25 M 20 M 15 M 10 M 5 M OM Jan-19 Mar-19 May-19 12 Source: Podtrac Rankings, Jan 2019 - March 2022 Jul-19 Sep-19 Nov-19 Jan-20 Mar-20 May-20 Jul-20 Sep-20 Nov-20 Jan-21 Mar-21 May-21 Jul-21 Sep-21 Nov-21 Jan-22 +20% npr +80% F+15% (0,0) WONDERY The +75% New York Times Mar-22 iHeart MEDIA#13And Leading Podcast Publisher Across All Podtrac Categories Most Shows In Podtrac RANKING iHeartRADIO 110 WONDERY 39 npr 23 #1 in total global Downloads for 21 consecutive months Most Shows In Podtrac THE TOP 10 by category iHeartRADIO 39 npr 16 WONDERY 14 #1 in unique U.S. Listeners for 18 consecutive months Most Shows 1MM+ LISTENS iHeartRADIO 49 WONDERY 19 npr 18 The Only Network with shows in all 19 Podtrac Categories 13 Source: Podtrac Category Rankers 'IMM+ Listens' indicates average monthly listens, March 2022 iHeart MEDIA#14iHeartRadio is the #1 Podcast Publisher in the US with More Downloads than the Next 3 Publishers Combined PODCAST PUBLISHER MONTHLY DOWNLOADS MONTHLY AUDIENCE iHeartRADIO npr WONDERY 443,332,000 33,445,000 184,577,000 21,505,000 93,344,000 12,995,000 The New York Times 127,507,000 12,017,000 63,526,000 8,948,000 NEWS The WALT DISNEY Company 54,858,000 8,200,000 DAILY WIRE 79,305,000 6,288,000 用 × PRX podcastone BARSTOOL SPORTS 47,642,000 6,286,000 46,378,000 6,146,000 64,379,000 5,888,000 THE MOST CREATORS + THE MOST ENGAGED SUPERFANS - ON THE BIGGEST STAGE IN PODCASTING 14 | Source: Podtrac Monthly Ranker, March 2022 iHeart MEDIA#1515 LTM Revenue Index to 2010 40.0 20.0 140.0 120.0 100.0 80.0 60.0 Miller-Kaplan Outperformance Improving Broadcast Radio Revenue Share Jan-10 May-10 Sep-10 Jan-11 Jun-11 Oct-11 Feb-12 Jul-12 Nov-12 Mar-13 Aug-13 Dec-13 Source: Miller Kaplan as of March 2022, Broadcast and Network Radio Gross Revenue -Industry ex-iHM Apr-14 Aug-14 Jan-15 May-15 Sep-15 WH!- Feb-16 Jun-16 Oct-16 Mar-17 Jul-17 Nov-17 Apr-18 Aug-18 Dec-18 Apr-19 Sep-19 Jan-20 May-20 Oct-20 Feb-21 Jun-21 Nov-21 Mar-22 MEDIA iHeart ¡HM: 124.1 Industry ex-iHM: 79.3#1616 | $US Dollars in millions Q1 '22 Financial Results Three Months Ended March 31, Three Months Ended December 31, 2022 2021 Variance 2021 Revenue $ 843.5 $ 706.7 19.4 % $ 1,062.0 Direct operating expenses 330.5 292.8 12.9 % 385.6 SG&A expenses 384.3 342.3 12.3 % 414.3 Depreciation & amortization 114.1 107.4 6.2 % 126.0 Impairment charges 1.3 37.7 8.3 Other operating expenses 0.9 2.8 4.8 Operating income $ 12.3 $ (76.4) $ 123.0 Depreciation & amortization 114.1 107.4 126.0 Impairment charges 1.3 37.7 8.3 Other operating expenses Share-based compensation Restructuring expenses Adjusted EBITDA 0.9 2.8 4.8 5.5 5.7 6.0 11.1 25.0 26.0 es $ 145.2 $ 102.2 42.0 % $ 294.2 Notes: In this presentation, Adjusted EBITDA is defined as consolidated Operating income adjusted to exclude restructuring expenses included within Direct operating expenses and Selling, General and Administrative expense ("SG&A") and share-based compensation expenses included within SG&A, as well as the following line items presented in our Statements of Operations: Depreciation and amortization; Impairment charges; and Other operating expense (income), net. See reconciliations in the Appendix. ¡Heart MEDIA#1717 Figures may not foot due to rounding. iHeartMedia Q1 Revenue Streams Three Months Ended $US Dollars in millions March 31, 2022 2021 Variance Revenue Broadcast Radio $ 416.5 $ 358.5 16.2 % Networks 117.6 115.1 2.1 % Sponsorship and Events 33.6 22.4 50.1 % Other 3.5 1.9 87.0% Multiplatform Group $ 571.2 $ 497.9 14.7 % Digital ex. Podcast 145.7 119.2 22.2 % Podcast 68.5 38.4 78.7 % Digital Audio Group $ 214.2 $ 157.6 36.0 % Audio & Media Services Group $ 60.9 $ 55.1 10.4 % Eliminations (2.8) (3.9) Revenue, total $ 843.5 $ 706.7 19.4 % ¡Heart MEDIA#1818 Figures may not foot due to rounding. Political Revenue Impact by Segment $US Dollars in millions Revenue Political Revenue Impact: Multiplatform Group Digital Audio Group Audio & Media Services Group Total Three Months Ended March 31, 2022 2021 Variance 5.7 $ 3.4 $ 2.3 1.3 0.5 0.8 2.2 2.2 $ 9.2 $ 6.1 $ 3.1 ¡Heart MEDIA#1919 I $USD in millions Capital Expenditures Multiplatform Group Digital Audio Group Audio & Media Services Group Corporate Total Gross Capital Expenditures Proceeds from Real Estate Sales Total Net Capital Expenditures' Three Months Ended March 31, 2022 2021 Variance A 12.3 $ 10.1 $ 2.2 5.2 5.4 (0.2) 1.7 1.1 0.6 3.4 2.4 1.0 $ 22.6 $ 19.0 $ $ 3.4 $ $ $| 3.6 3.4 $ 25.9 $ 19.0 $ 6.9 1. Total Net Capital Expenditures reflect our Total Gross Capital Expenditures less the impact of the Proceeds from Real Estate Asset Sales Figures may not foot due to rounding. ¡Heart MEDIA#20$USD in millions Debt March 31, 2022 December 31, 2021 Maturity iHeartCommunications, Inc. Cash and cash equivalents $ 279.7 $ 352.1 Term Loan Facility due 2026 2026 1,864.0 1,864.0 Incremental Term Loan Facility due 2026 2026 401.2 401.2 Asset-based Revolving Credit Facility 2023 6.375% Senior Secured Notes 2026 800.0 800.0 5.25% Senior Secured Notes 2027 750.0 750.0 4.75% Senior Secured Notes 2028 500.0 500.0 Other Secured Subsidiary Debt 5.2 5.4 Total Secured Debt 4,320.4 4,320.6 8.375% Senior Unsecured Notes 2027 1,450.0 1,450.0 Other Subsidiary Debt 0.1 0.1 Purchase accounting adjustments and original issue discount (12.7) (13.5) Long-term debt fees (17.6) (18.4) Total Debt $ 5,740.1 $ 5,738.9 Net Debt $ 5,460.5 $ 5,386.7 Weighted Average Cost of Debt 5.5 % 5.4 % 1. As of March 31, 2022, the ABL Facility had a borrowing base of $443.6 million, no principal amounts outstanding and $26.9 million of outstanding letters of credit, resulting in $416.7 million of excess availability. 20 Figures may not foot due to rounding. ¡Heart MEDIA#2121 Appendix ¡Heart MEDIA#2222 Q1 2022 Reconciliation of Free Cash Flow to Cash Provided by Operating Activities (In thousands) Cash provided by operating activities Three Months Ended March 31, 2022 2021 $ (52,212) $ Purchases of property, plant and equipment (22,557) 71,728 (18,950) Free cash flow $ Net proceeds from real estate sales' (74,769) $ 3,366 52,778 Free cash flow including net proceeds from real estate sales $ (71,403) $ 52,778 1. Continuing through 2022, we will deploy significant capital expenditures to accelerate the proactive streamlining of our real estate footprint. This initiative has succeeded in making certain real estate assets redundant, enabling the Company to sell such assets to partially fund the initiative's gross capital expenditures. ¡Heart MEDIA#2323 Q1 2022 Reconciliation of Net Loss to EBITDA and Adjusted EBITDA $US Dollars in thousands Three Months Ended March 31, 2022 2021 Net income (loss) $ (48,739) $ (242,056) Income tax (benefit) expense (20,209) 79,935 Interest expense, net 79,219 85,121 Depreciation and amortization 114,051 107,363 EBITDA $ 124,322 30,363 Loss (gain) on investments, net 1,765 (191) Other expense, net 270 807 Equity in loss of nonconsolidated affiliates 29 28 Impairment charges 1,334 37,744 Other operating expense, net 870 2,771 Share-based compensation 5,535 5,685 Restructuring expenses 11,093 25,040 Adjusted EBITDA $ 145,218 $ 102,247 Adjusted EBITDA margin 17.2 % 14.5 % ¡Heart MEDIA#2424 24 Q1 2022 Reconciliation of Revenue Excluding Effects of Political Revenue to Revenue (In thousands) Three Months Ended March 31, 2022 2021 Consolidated revenue $ 843,458 $ 706,665 Excluding: Political revenue (9,163) (6,071) Consolidated revenue excluding effects of political revenue $ 834,295 $ 700,594 Multiplatform Group revenue $ 571,160 $ 497,897 Excluding: Political revenue (5,665) (3,410) Multiplatform Group revenue excluding effects of political revenue $ 565,495 $ 494,487 Digital Audio Group revenue $ 214,219 $ 157,553 Excluding: Political revenue (1,275) (463) Digital Audio Group revenue excluding effects of political revenue $ 212,944 $ 157,090 Audio & Media Services Group revenue 60,857 $ 55,137 Excluding: Political revenue (2,223) (2,198) Audio & Media Services Group revenue excluding effects of political revenue $ 58,634 $ 52,939 ¡Heart MEDIA#25iHeart MEDIA About iHeartMedia, Inc. iHeartMedia (Nasdaq: IHRT) is the number one audio company in the United States, reaching nine out of 10 Americans every month. It consists of three business groups. With its quarter of a billion monthly listeners, the iHeartMedia Multiplatform Group has a greater reach than any other media company in the U.S. Its leadership position in audio extends across multiple platforms, including more than 860 live broadcast stations in over 160 markets nationwide; its National Sales organization; and the company's live and virtual events business. It also includes Premiere Networks, the industry's largest Networks business, with its Total Traffic and Weather Network (TTWN); and BIN: Black Information Network, the first and only 24/7 national and local all news audio service for the Black community. iHeartMedia also leads the audio industry in analytics, targeting and attribution for its marketing partners with its SmartAudio suite of data targeting and attribution products using data from its massive consumer base. The iHeartMedia Digital Audio Group includes the company's fast-growing podcasting business -- iHeartMedia is the number one podcast publisher in downloads, unique listeners, revenue and earnings -- as well as its industry-leading iHeartRadio digital service, available across more than 250 platforms and 2,000 devices; the company's digital sites, newsletters, digital services and programs; its digital advertising technology companies; and its audio industry-leading social media footprint. The company's Audio & Media Services Group segment includes Katz Media Group, the nation's largest media representation company, and RCS, the world's leading provider of broadcast and webcast software. investor.iheartmedia.com 25 Investors Michael McGuinness EVP, Deputy Chief Financial Officer, and Head of Investor Relations ¡Heart Michael [email protected] MEDIA

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