Audacy (AUD)

Company Profile

Audacy, Inc. is a scaled, multi-platform audio content and entertainment company with the country’s best radio broadcasting group, a leader in virtually every segment of audio, and America’s #1 creator of original, premium audio. Audacy engages over 170 million consumers each month, bringing people together around the news, sports, podcasts and music that matter to them.

Company profile

Ticker

AUD

Exchange

NYSE

Website

audacyinc.com

CEO

David J. Field

Incorporated

Pennsylvania

Location

Pennsylvania

Fiscal year end

Dec 31

Sector

Information > Radio Networks

Industry (SIC)

Radio Broadcasting Stations

Sirius XM • Cumulus Media • Urban One • Townsquare Media • Salem Media • Spanish Broadcasting System • Emmis • Beasley Broadcast • Saga Communications • MediaCo Holding ...

Former names

ENTERCOM COMMUNICATIONS CORP

SEC CIK

0001067837

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Audacy Corp. • AmperWave, LLC. • Audacy Arizona, LLC • Audacy California, LLC • Audacy Colorado, LLC • Audacy Connecticut, LLC • Audacy Florida, LLC • Audacy Georgia, LLC • Audacy Illinois, LLC • Audacy Indiana, LLC ...

IRS number

231701044

AUD stock data

1M 1Y 5Y

Latest filings (excl ownership)

View all

16 Mar 23

Results of Operations and Financial Condition

15 Mar 23

8-K

Entry into a Material Definitive Agreement

30 Jan 23

8-K

Departure of Directors or Certain Officers

9 Nov 22

Audacy Reports Third Quarter Results

8 Nov 22

8-K

Departure of Directors or Certain Officers

5 Aug 22

Transcripts

View all

AUD

Earnings call transcript

2022 Q4

15 Mar 23

AUD

Earnings call transcript

2022 Q3

8 Nov 22

AUD

Earnings call transcript

2022 Q2

6 Aug 22

AUD

Earnings call transcript

2022 Q1

9 May 22

AUD

Earnings call transcript

2021 Q4

23 Feb 22

AUD

Earnings call transcript

2021 Q3

9 Nov 21

AUD

Earnings call transcript

2021 Q2

6 Aug 21

AUD

Earnings call transcript

2021 Q1

7 May 21

AUD

Earnings call transcript

2020 Q4

24 Feb 21

AUD

Earnings call transcript

2020 Q3

6 Nov 20

Latest ownership filings

View all

Financial summary

Financial statements Chart AUD financial data

Quarter (USD)	Dec 22	Sep 22	Jun 22	Mar 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	103.34 mm	103.34 mm	103.34 mm	103.34 mm	103.34 mm	103.34 mm
Cash burn (monthly)	(no burn)	(no burn)	(no burn)	10.44 mm	(no burn)	(no burn)
Cash used (since last report)	n/a	n/a	n/a	31.74 mm	n/a	n/a
Cash remaining	n/a	n/a	n/a	71.61 mm	n/a	n/a
Runway (months of cash)	n/a	n/a	n/a	6.9	n/a	n/a

Beta Read what these cash burn values mean

Financial data from Audacy earnings reports.

Institutional ownership, Q4 2022

AUD institutional ownership history Ownership history

50.1% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	105	117	-10.3%
Opened positions	13	11	+18.2%
Closed positions	25	26	-3.8%
Increased positions	23	35	-34.3%
Reduced positions	36	32	+12.5%

13F shares	Current	Prev Q	Change
Total value	10.84 bn	24.80 mm	+43614.2%
Total shares	60.87 mm	64.22 mm	-5.2%
Total puts	200.00	0.00	NEW
Total calls	100.00	0.00	NEW
Total put/call ratio	2.0	–	–

Largest owners	Shares	Value	Change
BLK Blackrock	8.00 mm	$1.80 bn	-3.3%
IVZ Invesco	6.22 mm	$1.40 bn	+3.3%
Vanguard	5.41 mm	$1.22 bn	-4.7%
Charles Schwab Investment Management	4.59 mm	$1.03 bn	+97.0%
Solas Capital Management	4.20 mm	$945.28 mm	-6.7%
LSV Asset Management	3.92 mm	$883.00 k	-24.9%
Hein Park Capital Management	3.90 mm	$877.74 mm	-31.1%
Wittenberg Investment Management	2.37 mm	$533.00 k	-5.8%
STT State Street	2.12 mm	$477.19 mm	NEW
Geode Capital Management	1.98 mm	$445.00 k	-3.4%

Largest transactions	Shares	Bought/sold	Change
Contrarius Investment Management	0.00	-3.13 mm	EXIT
Charles Schwab Investment Management	4.59 mm	+2.26 mm	+97.0%
STT State Street	2.12 mm	+2.12 mm	NEW
Hein Park Capital Management	3.90 mm	-1.76 mm	-31.1%
Dimensional Fund Advisors	831.05 k	-1.44 mm	-63.4%
Anqa Management	1.31 mm	+1.31 mm	NEW
LSV Asset Management	3.92 mm	-1.30 mm	-24.9%
Bridgeway Capital Management	0.00	-1.25 mm	EXIT
Millennium Management	1.22 mm	-629.93 k	-34.0%
Gsa Capital Partners	1.24 mm	+582.64 k	+89.1%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

AUD insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	#Shares	#Remaining
23 Feb 23	Field David J	Class A Common Stock, par value $0.01 per share	Grant	Acquire A	No	No	125,000	3,508,246
23 Feb 23	Field David J	Class A Common Stock, par value $0.01 per share	Grant	Acquire A	No	No	125,000	3,383,246
23 Feb 23	Susan Larkin	Class A Common Stock, par value $0.01 per share	Grant	Acquire A	No	No	185,000	738,583
23 Feb 23	Susan Larkin	Class A Common Stock, par value $0.01 per share	Grant	Acquire A	No	No	185,000	553,583
23 Feb 23	Elizabeth Bramowski	Class A Common Stock, par value $0.01 per share	Grant	Acquire A	No	No	40,000	157,762
23 Feb 23	Elizabeth Bramowski	Class A Common Stock, par value $0.01 per share	Grant	Acquire A	No	No	40,000	117,762
23 Feb 23	John David Crowley	Class A Common Stock, par value $0.01 per share	Grant	Acquire A	No	No	160,000	801,300
23 Feb 23	Andrew P Iv Sutor	Class A Common Stock, par value $0.01 per share	Grant	Acquire A	No	No	100,000	538,772
23 Feb 23	Andrew P Iv Sutor	Class A Common Stock, par value $0.01 per share	Grant	Acquire A	No	No	100,000	438,772