Audacy (AUD) Misses Q3 EPS by 10c
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November 9, 2021 8:01 AM EST
NEW YORK, Nov. 9, 2021 /PRNewswire/ -- Leading premium podcast studio Cadence13, an Audacy company, today announced that it has signed a multi-year contract extension with #1 New York Times bestselling author, activist, and thought leader Glennon Doyle for her critically acclaimed #1 podcast We Can Do Hard Things.
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November 9, 2021 8:00 AM EST
Net Revenues Increased 23% and Adjusted EBITDA Increased 58%
PHILADELPHIA--(BUSINESS WIRE)--
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... More
