Three companies with radio stations among their holdings released their third quarter earnings reports following Thursday’s Closing Bell on Wall Street. One enjoyed exceptionally strong digital growth, Entravision. Another saw digital prowess while its recovery across its streaming and broadcast radio assets came in ahead of expectations.
That would be iHeartMedia, and its stock soared on Friday. In contrast, the closest peer it has in the audio media world, Audacy, saw its stock decline on a disappointing Q1 report.