AU Trade Weighted Index Stock Price, News & Analysis

Audacy, Inc. (NYSE: AUD) reported Q4 and full-year 2022 financial results, indicating a net revenue of $342.0 million in Q4, a slight decline of 0.8% year-over-year, while full-year revenue reached $1.25 billion, up 3% compared to 2021. Digital revenue for Q4 was $69.1 million, a 2% increase, with total operating expenses at $295.6 million. The quarter saw an operating income of $46.4 million, down from $52.7 million in 2021. For the full year, the company faced an operating loss of $73.7 million versus a profit of $95.4 million in 2021. Liquidity rose to $144.8 million by year-end, supported by asset sales to bolster financial compliance.

Veritone (NASDAQ: VERI) announced that Audacy (NYSE: AUD) has expanded its use of Veritone Attribute, enhancing analytics for advertising campaigns. This tool provides insights into campaign performance across Audacy's radio brands, helping advertisers measure the effectiveness of broadcast ads compared to other media. Research indicates that advertisers utilizing attribution reporting typically increase spending and reduce campaign cancellations. Veritone Attribute offers detailed metrics on the correlation between ad exposure and website traffic, enabling targeted campaign optimizations. This partnership aims to optimize advertisers' investments and improve their overall campaign outcomes.

Audacy, Inc. (NYSE: AUD) is set to announce its 2022 fourth quarter financial results before the market opens on March 15, 2023. Following the release, the company will hold a conference call at 10:00 a.m. ET to discuss the results and progress on its strategic initiatives. Participants can join the call by dialing the provided numbers or through a live webcast. A playback of the conference will be available for a week after the call. Audacy is a leading multi-platform audio content and entertainment company, engaging 200 million consumers each month.

Audacy (NYSE: AUD) and Veritonic have partnered in a study revealing that key audio features enhance advertising effectiveness. The study highlights that sonic branding can increase ad recall by up to 17% in radio ads and 14% in podcasts. Additionally, ads featuring sonic branding boost purchase intent by 6% in radio and 2% in podcasts. Using music in ads also raised purchase intent by 5% and recall by 4%. Notably, multi-voice ads improved recall by 10%. Overall, the findings emphasize the importance of audio elements in shaping brand perception and enhancing consumer engagement.

Audacy, Inc. (NYSE: AUD) reported a 3.8% decline in revenues for Q3 2022, totaling $317 million, attributed to advertising challenges and decreased radio revenues. Despite double-digit growth in streaming audio and digital marketing, radio revenue fell by 6%. Operational losses reached $151.9 million, contrasting with an operating income of $29.3 million in Q3 2021. Important sales of real estate, totaling $56 million, aim to improve financial stability. The company launched a new streaming platform that has increased digital listeners by 25%.

Audacy's annual concert, Stars and Strings, at Hard Rock Live, Hollywood, FL, featured prominent country artists including Jason Aldean and Kane Brown. Held on November 2, 2022, the event aimed to support the Wounded Warrior Project (WWP), focusing on veterans' mental health. Proceeds from the concert will aid WWP's Project Odyssey, which assists veterans in managing PTSD, anxiety, and depression. The concert showcased electrifying performances and demonstrated Audacy's commitment to enriching community ties while advocating for veteran support.

Audacy (NYSE: AUD) successfully hosted its ninth annual 'We Can Survive' concert at the Hollywood Bowl on October 22, raising over $750,000 for the American Foundation for Suicide Prevention. The event featured performances from artists including Alanis Morissette, Halsey, Weezer, OneRepublic, Garbage, and Tate McRae. It continues Audacy’s commitment to mental health awareness through its 'I'm Listening' initiative, promoting open dialogue on mental health issues.

Audacy, Inc. (NYSE: AUD) will report its third quarter financial results for 2022 on November 8, 2022, before the market opens. The Company has scheduled a conference call at 11:00 a.m. ET to discuss financial performance and strategic initiatives. Participants can join the call by dialing (877) 407-9208 or listening via a live webcast. A replay will be available for a week. Audacy is recognized as a leading multi-platform audio content and entertainment company, engaging 200 million consumers monthly.

Cadence13, an Audacy company, announced a partnership with Stephen A. Smith to launch his first-ever podcast, Know Mercy, premiering on September 26, 2022. The podcast will air three times a week, covering a wide range of topics beyond sports, including politics and social issues. Smith aims to provide unfiltered commentary, engaging notable guests and thought leaders. His enthusiasm for the project emphasizes his desire to explore diverse subjects while maintaining control over content. The show will be available on the Audacy app and major podcast platforms.