Audacy: Q2 Earnings Snapshot
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Audio By Carbonatix
8:11 AM on Friday, August 4, 2023
The Associated Press
PHILADELPHIA (AP) — PHILADELPHIA (AP) — Audacy, Inc. (AUDA) on Friday reported a loss of $125.8 million in its second quarter.
The Philadelphia-based company said it had a loss of $26.64 per share. Losses, adjusted for asset impairment costs, came to 10 cents per share.
The radio broadcasting company posted revenue of $298.5 million in the period.
The company's shares closed at $1.25. A year ago, they were trading at $20.75.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AUDA at https://www.zacks.com/ap/AUDA
