Audacy: Q3 Earnings Snapshot

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8:10 AM on Thursday, November 9, 2023

The Associated Press

PHILADELPHIA (AP) — PHILADELPHIA (AP) — Audacy, Inc. (AUDA) on Thursday reported a loss of $234.3 million in its third quarter.

The Philadelphia-based company said it had a loss of $49.64 per share. Losses, adjusted for asset impairment costs and restructuring costs, came to $6.69 per share.

The radio broadcasting company posted revenue of $299.2 million in the period.

The company's shares closed at 34 cents. A year ago, they were trading at $8.88.

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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

This content is used here with permission. To view the original visit: https://apnews.com/905f0735dd5f049566c70f369446260a
 

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