Two of the nation’s largest audio media content and distribution companies have set the days on which they will release their Q3 fiscal report cards.
For iHeartMedia, it will come on a busy day that also sees Saga Communications, Gray Television and TEGNA holding earnings call. For Audacy, their earnings call will come on the second Tuesday of November.
iHeart will issue financial results for the quarter ending September 30 on Thursday, Nov. 4. The company’s CEO, Bob Pittman, and COO/CFO Rich Bressler will host a conference call at 4:30pm Eastern to review the results. A business outlook will also be provided.
For the former Entercom, the company led by CEO David Field will report its 2021 third quarter financial results before the market opens on Tuesday, November 9. The company will host a conference call at 10am Eastern to review the results and “recent progress against its strategic initiatives,” Audacy notes.
Audacy stock in recent weeks has been sputtering, and is at $3.52 in early after-hours trading on Thursday (10/21). It’s year-to-date low of $2.96 came on August 19, and since then Audacy’s high has been $3.92, achieved in early October. By comparison, AUD topped the $5 mark in late April and surpassed $6.25 per share in February.
For iHeart, shares have enjoyed a year-long growth spurt, reaching $27.93 in late June. On Thursday, IHRT closed at $22.10. IHRT is up from $13.28 at the start of 2021.
