Welcome to our dedicated page for AUD news (Ticker: AUD), a resource for investors and traders seeking the latest updates and insights on AUD stock.
Audacy, Inc. is a comprehensive, multi-platform audio content and entertainment company well-regarded as a leader in every segment of audio broadcasting. With a vast and highly diversified portfolio, Audacy stands as America's #1 creator of original, premium audio content. The company engages over 170 million consumers each month by delivering top-notch news, sports, podcasts, and music content that resonates with audiences nationwide.
Audacy's core business revolves around operating the country's best radio broadcasting group alongside a spectrum of digital and live event experiences. This multi-platform approach allows the company to provide unique, high-quality audio content across various channels, ensuring a broad reach and deep engagement.
Audacy has achieved significant milestones recently, continuously innovating and expanding its offerings. The company has invested heavily in podcasting, becoming a dominant player in this rapidly growing market segment. Additionally, Audacy has formed strategic partnerships with key industry players to enhance content delivery and listener experience.
Financially, Audacy remains robust, with consistent revenue streams and a solid market position. The company's diversified portfolio and adaptive strategies help it maintain stability and growth potential amidst an ever-evolving media landscape.
Currently, Audacy is focused on several promising projects, including the development of exclusive live events and expanding its digital footprint to cater to the dynamic preferences of modern audiences. By leveraging cutting-edge technology and insightful consumer data, Audacy continues to deliver content that matters most to its audience.
For the latest updates and relevant information about Audacy, Inc.'s performance, events, and developments, visit the corresponding sections on StockTitan.
Audacy, Inc. (NYSE: AUD) will report its Q4 2021 financial results on February 23, 2022, before market opening. A conference call is scheduled for 10:00 a.m. ET to discuss these results and the company's strategic initiatives. Participants can join by dialing specific numbers or through a live webcast. A playback will be available after the call. Audacy ranks as a major player in multi-platform audio content, reaching 200 million consumers each month, providing local music, news, and sports.
Podchaser has partnered with Audacy to enhance its podcasting capabilities. This collaboration allows Audacy to leverage Podchaser’s advanced metadata and podcast technology, aiming to improve insights into podcast performance. Ken Lagana, EVP of Digital Sales at Audacy, highlighted that this partnership will support data-driven decisions for clients in podcast advertising. Podchaser’s CEO, Bradley Davis, expressed excitement over the partnership, which aligns with their mission to empower podcasters and enrich the podcast ecosystem.
Audacy has published its 2021 Social Impact Report, showcasing achievements from its Audacy Serves initiative. The report emphasizes commitment to diversity, equity, inclusion, mental health, civic education, the environment, children's health, and support for veterans. Key highlights include eight new fellows from underrepresented communities, over
Audacy has appointed Sarah Foss as its first Chief Technology Officer. Effective immediately, Foss will lead technological initiatives including software development and analytics, reporting to Rich Schmaeling, CFO. With over 25 years in media technology, she previously served as Chief Information Officer at Audacy since 2020. Foss aims to leverage technology for transformative growth at Audacy, which serves over 170 million consumers monthly across various audio platforms.
Audacy has announced a partnership with Hard Rock International to enhance live entertainment experiences. This collaboration will include a new performance venue in New York City, music festivals, and events at Hard Rock Cafe locations nationwide. The partnership kicked off with the Audacy Beach Festival in Fort Lauderdale. Upcoming events include Leading Ladies Live, celebrating female country artists, and existing festivals like Tortuga Music Festival. This venture signifies Audacy's commitment to live events and fan engagement.
Audacy hosted its inaugural Audacy Beach Festival in Fort Lauderdale, FL on December 4-5. The event featured performances by major artists including Twenty One Pilots, Lil Nas X, and Weezer. This festival continues the legacy of the popular Riptide event, promoting sustainability through partnerships with non-profits such as REVERB. A portion of ticket sales supported environmental initiatives. Audacy aims to enhance community health and social impact via its Audacy Serves platform, focusing on mental health, diversity, and more.
Audacy has appointed Brian Benedik as its new Chief Revenue Officer, effective December 1. Benedik, previously with Niantic and Spotify, will drive revenue generation across various levels and develop integrated sales strategies. Chief Operating Officer Susan Larkin emphasized his extensive experience and strategic vision as key to enhancing revenue efforts. Benedik has over 25 years in the audio space, playing significant roles at major companies. Audacy aims to leverage Benedik's expertise to optimize its re-imagination strategy in the booming audio industry.
Audacy, Inc. (NYSE: AUD) reported a 23% year-over-year increase in net revenues for Q3 2021, totaling $329.4 million, and a 58% rise in adjusted EBITDA, reaching $49.3 million. Despite ongoing pandemic impacts on advertising categories, the company noted a recovery with revenues up 8% compared to Q2. The acquisition of WideOrbit's digital audio business for $40 million enhances their streaming capabilities. Operating income improved to $29.2 million from a loss the previous year, and liquidity increased to $264.1 million.
Audacy, Inc. (NYSE: AUD) will announce its 2021 Q3 financial results on
Audacy engages over 170 million consumers monthly, being a leader in audio content and entertainment.
Audacy, Inc. (NYSE: AUD) has acquired a perpetual license for WideOrbit's digital audio streaming technology along with the assets of WO Streaming. This acquisition aims to enhance Audacy's digital platform for its 170 million monthly listeners, allowing for improved streaming features. The transaction consolidates Audacy's control over its product development, with the WO Streaming team now operating under the name AmperWave. The initiative is expected to strengthen Audacy's market position in audio streaming.
FAQ
What is the market cap of AUD (AUD)?
What does Audacy, Inc. do?
How many consumers does Audacy engage each month?
What types of content does Audacy provide?
What are some recent achievements of Audacy?
What are the core business operations of Audacy?
How is Audacy performing financially?
What projects is Audacy currently working on?
Why is Audacy considered a leader in the audio industry?
How can I stay updated with the latest news about Audacy?
What makes Audacy unique compared to other audio content providers?
