AUD - Earnings announcements

Audacy, Inc. (NYSE:AUD, OTC:AUDA) today reported financial results for the quarter ended June 30, 2023. Second Quarter Summary Net revenues for the quarter were $298.5 million, down 6.6% compared to $319.4 million in the second quarter of 2022. Local spot was down 3.7%, while national spot was down 16.6% Digital revenues, were $66.7 million, down 4% compared to the second quarter of 2022. Local digital outperformed national, increasing 7.1% year-over-year Total operating expenses for the quarter were $433.8 million, which includes a gain on sale of $9.9 million and a non-cash impairment loss of $125.4 million, compared to $296.2 million in the second quarter of 2022, which includ

Audacy, Inc. (NYSE:AUD) today reported financial results for the quarter ended March 31, 2023. First Quarter Summary Net revenues for the quarter were $259.6 million, down 5.7% compared to $275.3 million in the first quarter of 2022 Digital revenues were $56.9 million, down 2% compared to the first quarter of 2022 Total operating expenses for the quarter were $271.8 million, which includes a gain on sale of $12.4 million and a non-cash impairment loss of $5.1 million, compared to $266.8 million in the first quarter of 2022, which included a gain on sale of $2.5 million and a non-cash impairment loss of $1.5 million Cash operating expenses were up 3% compared to the first quart

Audacy, Inc. (NYSE:AUD) will report its 2023 first quarter financial results before the market opens on Wednesday, May 10, 2023. The Company will host a conference call and simultaneous webcast at 10:00 a.m. ET that morning to review the results and recent progress against its strategic initiatives. To participate in the conference call, please dial (877) 407-9208 or (201) 493-6784 five minutes prior to the start of the call and provide the following conference name: Audacy, Inc. First Quarter 2023 Earnings Call. Participants may also listen to a live webcast of the call by visiting https://viavid.webcasts.com/starthere.jsp?ei=1604276&tp_key=54bcc366c1. Questions will only be taken from p

Audacy, Inc. (NYSE:AUD) today reported financial results for the quarter and year ended December 31, 2022. Fourth Quarter Summary Net revenues for the quarter were $342.0 million, down 0.8% compared to $344.7 million in the fourth quarter of 2021. Excluding political revenue, revenues for the quarter were down 4% Digital revenues were $69.1 million, up 2% compared to the fourth quarter of 2021 Total operating expenses for the quarter were $295.6 million, which includes a gain on sale of $34.5 million, compared to $292.0 million in the fourth quarter of 2021, which included a gain on sale of $4.6 million Cash operating expenses were up 9% compared to the fourth quarter of 2021 Ope

Audacy, Inc. (NYSE:AUD) will report its 2022 fourth quarter financial results before the market opens on Wednesday, March 15, 2023. The Company will host a conference call and simultaneous webcast at 10:00 a.m. ET that morning to review the results and recent progress against its strategic initiatives. To participate in the conference call, please dial (877) 407-9208 or (201) 493-6784 five minutes prior to the start of the call and provide the following conference name: Audacy, Inc. Fourth Quarter 2022 Earnings Call. Participants may also listen to a live webcast of the call by visiting https://viavid.webcasts.com/starthere.jsp?ei=1585970&tp_key=af70e5a4ce. Questions will only be taken fro

Audacy, Inc. (NYSE:AUD) today reported financial results for the quarter ended September 30, 2022. David J. Field, Chairman, President and Chief Executive Officer, stated: "Our third quarter revenues declined 3.8% as advertising headwinds impacted company performance. Solid double digit growth in streaming audio and digital marketing solutions were offset by declining radio revenues. Our radio revenues were negatively impacted by our concentration in the country's largest markets as small to medium market radio outperformed large market radio by 8% during the quarter. We remain deeply focused on executing our action plan to navigate the storm and emerge healthy and strong. We completed th

Audacy, Inc. (NYSE:AUD) will report its 2022 third quarter financial results before the market opens on Tuesday, November 8, 2022. The Company will host a conference call and simultaneous webcast at 11:00 a.m. ET that morning to review the results and recent progress against its strategic initiatives. To participate in the conference call, please dial (877) 407-9208 or (201) 493-6784 five minutes prior to the start of the call and provide the following conference name: Audacy, Inc. – Third Quarter 2022 Earnings Call. Participants may also listen to a live webcast of the call by visiting https://viavid.webcasts.com/starthere.jsp?ei=1570711&tp_key=5632252922. Questions will only be taken fro

Second Quarter Net Revenues Increased 5% Audacy, Inc. (NYSE:AUD) today reported financial results for the quarter ended June 30, 2022. David J. Field, Chairman, President and Chief Executive Officer, stated: "After a very strong first quarter in which we grew revenues by 14% and significantly increased margin, our second quarter results were adversely impacted by declining macroeconomic conditions and ad market headwinds which reduced our top line growth to 5%. While we navigate the turbulent current market conditions, we are excited by our future growth potential across our scaled, multi-platform businesses, capitalizing on a number of important recent developments that include an enhanc

Audacy, Inc. (NYSE:AUD) will report its 2022 second quarter financial results before the market opens on Friday, August 5, 2022. The Company will host a conference call and simultaneous webcast at 10:00 a.m. ET that morning to review the results and recent progress against its strategic initiatives. To participate in the conference call, please dial (877) 407-9208 or (201) 493-6784 five minutes prior to the start of the call and provide the following conference name: Audacy, Inc. – Second Quarter 2022 Earnings Call. Participants may also listen to a live webcast of the call by visiting https://viavid.webcasts.com/starthere.jsp?ei=1552589&tp_key=c8ec588c28. Questions will only be taken from

First Quarter Net Revenues Increased 14% and Adjusted EBITDA Grew 152% Audacy, Inc. (NYSE:AUD) today reported financial results for the quarter ended March 31, 2022. David J. Field, President and Chief Executive Officer, stated: "I am pleased to report that Audacy posted strong first quarter results, delivering 152% growth in Adjusted EBITDA led by double digit revenue growth in both digital and spot radio. With our scaled, leadership position across broadcasting, podcasting and digital audio and our differentiated premium content offerings, we are well positioned to drive rapid evolution and innovation across the organization to capitalize on the outstanding growth opportunities in the d

Audacy, Inc. (NYSE:AUD) will report its 2022 first quarter financial results before the market opens on Monday, May 9, 2022. The Company will host a conference call and simultaneous webcast at 10:00 a.m. ET that morning to review the results and recent progress against its strategic initiatives. To participate in the conference call, please dial 877-407-9208 or 201-493-6784 five minutes prior to the start of the call and provide the following conference name: Audacy, Inc. – First Quarter 2022 Earnings Call. Participants may also listen to a live webcast of the call by visiting https://viavid.webcasts.com/starthere.jsp?ei=1538544&tp_key=dbe034aed0. Questions will only be taken from participa

Fourth Quarter Net Revenues Increased 8% and Grew 13% Excluding Political Full Year Revenues Increased 15% and Full Year Adjusted EBITDA Increased 48% Audacy, Inc. (NYSE:AUD) today reported financial results for the quarter ended December 31, 2021. David J. Field, President and Chief Executive Officer, stated: "Audacy's fourth quarter revenues grew 8% over the prior year, 13% ex-political, led by double digit growth in both digital and spot radio. Pandemic recovery continued as an increasing number of disrupted advertisers resumed spending. In 2021, we accelerated our organizational development through a number of important strategic acquisitions, organic growth initiatives, structural

Audacy, Inc. (NYSE:AUD) will report its 2021 fourth quarter financial results before the market opens on Wednesday, February 23, 2022. The Company will host a conference call and simultaneous webcast at 10:00 a.m. ET that morning to review the results and recent progress against its strategic initiatives. To participate in the conference call, please dial 877-407-9208 or 201-493-6784 five minutes prior to the start of the call and provide the following conference name: Audacy, Inc. – Fourth Quarter 2021 Earnings Call. Participants may also listen to a live webcast of the call by visiting https://viavid.webcasts.com/starthere.jsp?ei=1521201&tp_key=7cb42d0c24. Questions will only be taken fr

Net Revenues Increased 23% and Adjusted EBITDA Increased 58% Audacy, Inc. (NYSE:AUD) today reported financial results for the quarter ended September 30, 2021. David J. Field, President and Chief Executive Officer, stated: "I am pleased to report that Audacy continues to rebound from the pandemic, as third quarter revenues grew 23% over the prior year and 8% sequentially over the second quarter, while EBITDA grew 58% year over year. While many ad categories remain highly impacted as a result of the pandemic, it is great to see an increasing number of categories back above 2019 spending levels. During October, we announced the acquisition of WideOrbit's digital audio streaming and ad tech

Audacy, Inc. (NYSE:AUD) will report its 2021 third quarter financial results before the market opens on Tuesday, November 9, 2021. The Company will host a conference call and simultaneous webcast at 10:00 a.m. ET that morning to review the results and recent progress against its strategic initiatives. To participate in the conference call, please dial 877-407-9208 or 201-493-6784 five minutes prior to the start of the call and provide the following conference name: Audacy, Inc. - Third Quarter 2021 Earnings Call. Participants may also listen to a live webcast of the call by visiting https://viavid.webcasts.com/starthere.jsp?ei=1503436&tp_key=8b145a171f. Questions will only be taken from pa

Net Revenues Increased 73% and Spot Revenues Increased 98% Audacy, Inc. (NYSE:AUD) today reported financial results for the quarter ended June 30, 2021. David J. Field, President and Chief Executive Officer, stated: "I am pleased to report that Audacy accelerated its recovery from the pandemic as second quarter revenues grew 73% over the prior year, led by a 98% increase in spot radio advertising and 41% growth in digital revenues. In addition, our momentum is continuing into the third quarter as we expect that revenues will increase by about 10% sequentially from the second quarter and by about 25% compared to prior year. We continue to make great strides in enhancing our business and e