Investors are excited, with shares rebounding by more than 24% in Wednesday’s trading on the NYSE to bounce back from a 12-month low.
Audacy Corp. swung to net income, from a net loss seen in both Q4 2020 and Q4 2019, as net revenue climbed year-over-year to give the company a particularly rosy fourth quarter of 2021.
That said, Audacy’s return to 2019’s revenue performance hasn’t come yet, putting it a step behind its prime competitor in the audio content creation and distribution business.
