A Mixed Q1 Comes For Audacy Corp.


As President/CEO David Field sees it, “Audacy posted strong first quarter results.” He pointed to a significant increase in adjusted EBITDA during the three month period ending March 31, 2022, while teasing “a number of exciting additional product and content launches and enhancements over the course of 2022” that he believes will “accelerate our audience growth and bolster our advertiser appeal.”

Will this shift Audacy from a net loss to net income? That’s a question investors and analysts may be asking, as the audio content creator and distributor that owns the Pineapple Street and Cadence13 podcast entities and has a significant investment in sports gaming through BetLQ improved its fiscal health but still came out in the negative, missing Wall Street consensus estimates on revenue.

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