secwatch.observer — SEC 8-K summary
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Issuer:     AUDACY, INC. (—)
CIK:        0001067837
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001193125-24-135266
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1067837/000119312524135266/0001193125-24-135266-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1067837/000119312524135266/d835832d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-135266

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