---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-135266"
form_type: "8-K"
ticker: null
cik: "0001067837"
company_name: "AUDACY, INC."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T04:45:33.569147+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Audacy Q1 adjusted EBITDA up 173% to $9.6M; debt reduction plan awaits FCC approval

## Summary
- Net revenues $261.8M (+1% YoY); operating loss improved to $0.4M from $12.2M.
- Adjusted EBITDA $9.6M, up 173% vs $3.5M in Q1 2023; cash operating expenses down 2%.
- Digital revenue grew 10% YoY while Radio revenue declined 2%.
- Court approved pre-packaged Plan of Reorganization reducing debt by 80%; FCC approval pending.
- Q2 pacing low single digits overall; April was up high single digits.

## SEC filing metadata
- accession: 0001193125-24-135266
- form_type: 8-K
- cik: 0001067837
- company_name: AUDACY, INC.
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1067837/000119312524135266/0001193125-24-135266-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1067837/000119312524135266/d835832d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-135266
- JSON: https://secwatch.observer/filing/0001193125-24-135266.json
- Plain text: https://secwatch.observer/filing/0001193125-24-135266.txt

## Key facts
- Earnings Releases
  AUDACY, INC. reported quarter ended March 31, 2024 results: revenue $261.8 million.
  - Period: quarter ended March 31, 2024
  - Revenue: $261.8 million
  - Result: reported results
  source text: Net revenues for the quarter were $261.8 million, up 1% compared to $259.6 million in the first quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1067837/000119312524135266/0001193125-24-135266-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.