Audacy, Inc., a multi-platform audio content and entertainment company, engages in the radio broadcasting business in the United States. The company owns and operates radio stations in various formats, such as news, sports, talk, classic rock, urban, adult contemporary, alternative, country, and others, as well as offers integrated marketing solutions across its broadcast, digital, podcast, and event platforms. It also creates live and original events, including concerts and live performances, and crafted food and beverage events; and operates Radio.com, a digital audio platform that includes 750 stations. As of March 02, 2021, it had a portfolio of approximately 230 radio stations and their websites. The company was formerly known as Entercom Communications Corp. and changed its name to Audacy, Inc. in April 2021. Audacy, Inc. was incorporated in 1968 and is headquartered in Philadelphia, Pennsylvania.
IPO Year:
Exchange: NYSE
Website: audacyinc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/13/2022 | $1.00 | Buy → Neutral | B. Riley Securities |
| 7/8/2022 | Equal Weight → Underweight | Wells Fargo | |
| 1/4/2022 | $3.00 | Overweight → Equal-Weight | Wells Fargo |
| 12/15/2021 | $4.00 → $5.00 | Neutral → Buy | B. Riley Securities |
B. Riley Securities downgraded Audacy from Buy to Neutral and set a new price target of $1.00
Wells Fargo downgraded Audacy from Equal Weight to Underweight and set a new price target of $0.00 from $2.00 previously
Wells Fargo downgraded Audacy from Overweight to Equal-Weight and set a new price target of $3.00
B. Riley Securities upgraded Audacy from Neutral to Buy and set a new price target of $5.00 from $4.00 previously
8-K - AUDACY, INC. (0001067837) (Filer)
8-K - AUDACY, INC. (0001067837) (Filer)
8-K - AUDACY, INC. (0001067837) (Filer)
8-K - AUDACY, INC. (0001067837) (Filer)
8-K - AUDACY, INC. (0001067837) (Filer)
10-Q - AUDACY, INC. (0001067837) (Filer)
8-K - AUDACY, INC. (0001067837) (Filer)
8-K - AUDACY, INC. (0001067837) (Filer)
8-K - AUDACY, INC. (0001067837) (Filer)
8-K - AUDACY, INC. (0001067837) (Filer)
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Audacy Common Stock to Delist from NYSE NYSE Determination Has No Impact on Audacy's Business Strategy or Operations Audacy, Inc. (NYSE:AUD, OTC:AUDA) (the "Company" or "Audacy") today announced that its appeal of the determination by the New York Stock Exchange ("NYSE") to commence proceedings to delist Audacy's Class A Common Stock (the "Common Stock") from the NYSE was not successful. As a result, the NYSE today filed a Form 25 relating to the delisting from the NYSE of its Common Stock with the Securities and Exchange Commission (the "SEC"), which will become effective on or about November 10, 2023. Audacy stock has not been traded on the NYSE since May when the NYSE notified Auda
Continues to Engage in Discussions with Lenders to Deleverage Balance Sheet and Improve Capital Structure to Position Company for Long-Term Growth Elects to Utilize Grace Period for Interest Payment Due on Senior Secured 2029 Notes Decision Does Not Impact Day-to-Day Operations or Other Obligations to Advertisers, Employees or Other Stakeholders Audacy, Inc. (NYSE:AUD, OTC:AUDA) (the "Company" or "Audacy") today provided an update on its ongoing discussions with lenders to refinance its debt and optimize the Company's balance sheet to position the Company for long-term growth, capitalizing on its scaled leadership position across the audio market. To continue to facilitate its discu
Boostr's Order Management System will enhance Audacy's Local Digital Audio Ad Sales processes. NEW YORK, Sept. 7, 2023 /PRNewswire-PRWeb/ -- Boostr (https://www.boostr.com/), the only advertising management platform built specifically to help complex media organizations scale, today announced Audacy as a new client. Boostr will provide its industry-leading order management system (OMS) solution to Audacy, the leading multi-platform audio content and entertainment organization with the country's best collection of local music, news, and sports brands. Audacy will leverage Boostr's OMS to bolster digital audio advertising campaigns supporting its local markets. Boostr's OMS provides real-time
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
As previously announced on June 6, 2023, Audacy, Inc. (NYSE:AUD, OTC:AUDA) (the "Company" or "Audacy") effected a 1-for-30 reverse stock split of the Company's Class A and Class B common stock on June 30, 2023. The Company's Class A common stock will begin trading on a split-adjusted basis at the opening of the market on June 30, 2023, under a new CUSIP number, 05070N 202. At the Annual Meeting of Shareholders held on May 24, 2023, the Company's shareholders approved a reverse stock split of the Company's outstanding Class A and Class B common stock at a ratio within a range between 1-for-two and 1-for-30, as determined by a committee appointed by the Company's Board of Directors. This comm
Audacy's 250+ Local Radio Station Streams and Complete Podcast Library Now Available on Hundreds of Additional Home, Car, and Portable Connected Devices via TuneIn, Unlocking New Monetization and Reach Audacy will extend digital distribution of its 250+ stations and entire podcast library to TuneIn, a leading live streaming service providing hundreds of home, car and portable device integrations. The partnership bolsters the reach of Audacy's premium live local music, news and sports content, as well as its award-winning collection of podcast titles, by expanding availability to over 200 additional platforms and connected vehicles and devices, including Tesla, Rivian, Lucid, Bose, Samsung
Audacy, Inc. (NYSE:AUD) (the "Company" or "Audacy") announced today that the New York Stock Exchange (the "NYSE") publicly announced and notified the Company that the NYSE elected to commence proceedings to delist the Company's Class A Common Stock (the "common stock") from the NYSE pursuant to Section 802.01D of the NYSE Listed Company Manual ("Section 802.01D"). Under Section 802.01D, the NYSE will consider commencing delisting procedures when a company's listed securities experience an abnormally low selling price. The NYSE will apply to the Securities and Exchange Commission (the "SEC") to delist the Company's common stock pending completion of applicable procedures. While the NYSE purs
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
Weiss-Berman to Lead Company's Podcast Network, Studios and Partnerships, Max Linsky to Continue Co-Leading Pineapple Street Studios Alongside Bari Finkel Audacy has elevated Jenna Weiss-Berman to Executive Vice President of Podcasts, reporting to J.D. Crowley, Audacy's Chief Digital Officer and President, Podcast and Streaming. In this role, Weiss-Berman will oversee Audacy's podcast network and studios, including Pineapple Street Studios and Cadence13, along with strategy and development of new podcast content and distribution partnerships. She will also collaborate with programming leadership in sports and news in the growth and development of new original podcast content for podcast st
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 Common Stock to Delist from NYSENYSE Determination Has No Impact on Audacy's Business Strategy or OperationsAudacy, Inc. (NYSE:AUD, OTC:AUDA) (the "Company" or "Audacy") today announced that its appeal of the determination by the New York Stock Exchange ("NYSE") to commence proceedings to delist Audacy's Class A Common Stock (the "Common Stock") from the NYSE was not successful. As a result, the NYSE today filed a Form 25 relating to the delisting from the NYSE of its Common Stock with the Securities and Exchange Commission (the "SEC"), which will become effective on or about November 10, 2023.Audacy stock has not been traded on the NYSE since May when the NYSE notified Audacy that it
Audacy (NYSE:AUD) reported quarterly losses of $(26.64) per share. This is a 266300 percent decrease over losses of $(0.01) per share from the same period last year. The company reported $298.51 million in sales this quarter. This is a 6.55 percent decrease over sales of $319.44 million the same period last year.
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