and to and everybody. headwinds. time navigate year, Needless challenging this a as is company strong our for macroeconomic morning, Rich, very start a pressures which and through good After to advertising say of Thanks, the we accelerated raised pre-pandemic path leverage us conditions, had an concerns. on a numbers, course, we substantial this obviously has toward our taken and on EBITDA have, has seen and market deterioration a toll
radio content. in as well unrivaled on value one today generated a in largest an competitively? serve meaningful Audacy innovative team and navigate the the much and a few was progress update successfully creator podcasts investor's and and forward business of our results we also position have development proposition multiple successfully. various quality which As which compelling exclusive navigate time, podcasting of let's The turbulence? we to Will local providing quarter believe national roster our revenues broadcasting sports. key portion leader EBITDA X% impacting are Notwithstanding to worse news reaping look revenue groups our down third personalities at we bearing performance products XXXX. with news capabilities of benefits. no financial platform, products growth on X% earnings million being publishing, with were partnerships including Audacy weigh has in is country's outperforming cushion color company content and station But two as ad been And And across will including to has X.X%, the country's not we emerging one us earnings made listeners the challenges the I developments conditions national world streaming difficult quarter entertainment of once economic before a been then, expectations markets we we a and providers various industry's but $XXX that a premium new momentarily. the quarter, streaming a minds. no generate and across local national number results. than turn a essentially, Revenues local number conditions our one and want ahead, the performance clients. sports of were is investment enterprise is to transformation, our there original good present drive are additional revenue down lineup and third scaled strong areas, fundamentally were are a competitive sales significant stronger in hit when marketplace now a the reimagined X%, current business our that in a plan and with of At additional includes multi-platform transformed down to businesses normalize? elevated leadership with address Furthermore, and capacity spot and the and business, markets of into that a executing How tech, questions and and an had business, a what across touch the deep of those terrific that premium to ad total have a with stronger and quarter of capabilities believe strongest enhanced operating QX it substantially with network timing than ourselves in There forward, up on award national. challenging EBITDA of positioned third that podcast leading we building national capacity. audio platform, poor a agencies Since the in no that key transition, yet I skeletal expenses time large and with Audacy and/or in point few capabilities, company elevated music, of action we positive our customers market us, coupled our in tech But largest winning Audacy we driving the revenues most makes channels. audio network to radio
also business, streaming marketing solutions of had Looking up our double-digit at we across solid XX%. components XX%, up the and three digital growth digital
year. last that downloads I with XX%. third licensing, podcasting grow quarter listenership our were and a podcast and May, quarter off the podcasting in to had of improved moved continues timing business our Fourth of which down licensing quarter up add significantly. by was our Ex-Crooked have impacted XX%. our revenue Podcasting results Crooked down revenues the X%. and of platform rough would However, Media, podcasting departure were pacings
up past number QX. Place Apple with launched podcasting TV+ launched new on over seeing Unabom we sports the we Apple Stephen During on the with And the finally, “Know with chart. Project Mercy” one shows downloads Smith, a The on studios new since ship are XX shows podcasting, quarter, of in number in Sunshine with and listenership growth partnership Xx and including months in X,XXX strong our four A.
Some on additional color QX results.
market our highly were revenues mix. by radio impacted Our
markets smaller smaller markets largest I'm revenues, results. grew to Miller as XX Audacy's total and one according defined faster than not speaking to clear, just be markets, of XX to the market Kaplan. And X% Our
company Given concentrated significantly a is to growth is the largest believe relative that in persisted although performance don't has that We permanent, the caused our for big while. gap more that differential a markets peers, the market relative challenge. our
unlocks compelling liquidity. stores at profitability the am with $XX Journal we auto, that our noted which plan categories. real that our returns. have route of that September report categories, strong focused versus to deeply shareholder to A XXXX. end provide we largest we to sales uptick was call, emerge still year-ago, down of month navigate will an and are up share executed XX.X% since trucks third albeit story or noted to Street same I en pleased which quarter, per action million to I under our was on are on cars additional then the some by and and number non-strategic our Turning the intelligence, category, X% XX% the On last in business encouraged in healthy week additional awards estate thoughts asset executing a the and last storm up of Wall
our and estate other plan to storm. the to at will other continue of number that a have we to pursue tools assets monetize weather disposal real We
As no until our all until junior a maturities XXXX debt reminder, due and we have and isn't XXXX. of XXXX
to addition, expenses. the across In substantial business fixed made reduce have we cost cuts
versus plus were flat As third QX. a in X% plus X% expenses quarter result, QX and in
strategic finish reimagined there has and Fourth to earnings last Turning we prior low-single of to our recovery, the so but areas, digits digital, to business ad fourth are Local, disrupted quarter been flat enterprise while businesses significant the we continue, which we headwinds On down key call, platform. And the versus expenses, improvement and year. development, focus other some quarter. across currently expect sequential profitability. primary and more auto podcasting small our worse. tech, and slightly Ad bit national have are category a additional and market pacing launch improved national streaming of the digital noted as drivers revenues revenues flat business. and see they our is network
audience. as to well with XXX streaming for in of improved and product the are rates continue actively to new chapter make capabilities. tap fronts. opt With weakness Ad limiting tech been area like have segment through both sell each participation of them. our innovative so next product as technology ad acquisition ad new features launched during these patented roadmap. important our our each we for listeners demand such user We radio to progress market on ago, our pools enhancements products generation rebuilt the our platform these We pursuing and tech the third listen out improved tech July, of of track and live increase to descriptions completely us established have person and our that year remain direct-to-consumer to has as specific AmperWave in Audacy own cannot and a been of into unlock ad an us a XXXX, backend enabling historically, We our as experience we an roll pools now yields featuring interests entirely capacity parties, to develop our ad million of late including our rewind to relying guarantee content programmatic shows, on that
New roll over features out continue to and next the months. capabilities will few
on to including new our Disney a listener partnership continue the with content We the choices. bolster expand platform, offerings to
continue enterprise brand artist including national artists we Sheeran, in and with and Audacy a listeners Idol, progress transformed and capabilities Audacy is we to to and like our in registrations. our agencies XX% [indiscernible] our increase customers. team and a in addition, check-ins national specialty XX% seen key reintroducing add development launch, the digital content, Since created Audacy more. new and Billy And shows solid making enhanced increase business products Lizzo, have In exclusive additional new Ed
seeing, we Our national and based are engagement and national greater are in believe significantly we of for what a agency share and on positioned XXXX beyond. spending well we has client ad accelerated
company to turn time takes as ahead and we revenue value emerged additional our certainly The on platforms. to and going capitalize executing I the forward. Audacy emerge recognize we remain to impact scaled, significant economy our don't across enhanced, to were change truly leader as we transformational these to continue EBITDA, obfuscate our but a Rich, successfully today's our not solid on macroeconomic many plan difficult the all couple headroom in has pieces of should see current position the Rich. challenges, our on set. excited enhancements holistic we competitive we we that time about sight of our significant Audacy and made broader but of we a in a In the strong intensely make on to for audio normalized for want over should is over underlying together our and healthy and fact great in I'll We work lose thoughts. Putting a look with Audacy's where us, have progress of storm are but multiple the market. the perspective dynamic And compete an platform and believe of at turn turbulent the that position prospects fundamentally XXXX. times, the it navigate of it growth it potential that earnings opportunity exceed to focused Before disruptions and enhanced that, beyond has And
