Recap: Audacy Q1 Earnings

Audacy AUD reported its Q1 earnings results on Wednesday, May 10, 2023 at 08:00 AM.

Here's what investors need to know about the announcement.

Audacy missed estimated earnings by 4.17%, reporting an EPS of $-0.25 versus an estimate of $-0.24.

Revenue was down $15.66 million from the same period last year.

Last quarter the company beat on EPS by $0.02 which was followed by a 15.18% increase in the share price the next day.

Here's a look at Audacy's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.07	-0.02	0.03	-0.09
EPS Actual	0.09	0.26	-0.01	-0.10
Revenue Estimate	344.12M	323.80M	323.52M	279.12M
Revenue Actual	341.96M	316.97M	319.44M	275.30M

To track all earnings releases for Audacy visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.