Audacy (AUD) Tops Q1 EPS by 1c

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Go back to Audacy (AUD) Tops Q1 EPS by 1c

Audacy Reports First Quarter Results

May 9, 2022 8:00 AM EDT

First Quarter Net Revenues Increased 14% and
Adjusted EBITDA Grew 152%

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