Investor Presentaiton

23 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

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