Audacy (AUD) Misses Q2 EPS by 8c

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Audacy Reports Second Quarter Results

August 6, 2021 8:00 AM EDT

Net Revenues Increased 73% and Spot Revenues Increased 98%

PHILADELPHIA--(BUSINESS WIRE)-- 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%... More