Bob. Thanks,
as I been we you'll the impacting that performed economy. As take factors have despite notice well through results, you that, mentioned, our external Bob
Our the were end consolidated of high revenues guidance provided. exceeding year-over-year, slightly XX.X% up revenue range we the
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of in adjusted quarter first quarter. million the to EBITDA income Our was first loss quarter $XX.X was million GAAP to And $XXX.X prior compared $XX.X our the an $XXX.X quarter. million compared operating million prior operating in year year
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investments This quarter. first high-return the Group at the of whole. to company XX.X%, again quarter XX.X% support to down of as Digital Audio result anticipated Looking growth the in slightly important the compressed the year the from in made a was prior business. Margins
explain. me Let
were profile of up margins Our included margin and fixed EBITDA now of to year-over-year, of Multiplatform mid-XX% and the investments Even with expansion non-recurring directly incremental we investments million Multiplatform continued of remainder to contributes investments part XXXX scaling not for EBITDA investments future QX fixed approximately $X revenue are incremental million long-term remainder support confident in expense in business. the of up adjusted do and improvement. resume expect of adjusted $XX was expansion. primarily XX% cost throughout $X for growth up to expect our remain year. those the base the cost year-over-year to base that XX% the full incremental related fixed are range. make these the year-over-year. and of business margin revenues support, these in is year Group this their to this our expense sales our base material base, digital which million We our
were the in benefit with more results. as live employee XXX assets basis whose XX%, our XXXX margins QX than broadcast this And credit points QX as to up quarter, high This events reflected as XXXX. compared our XXXX margins as aren't expansion occurred margin well of in QX tax
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improve to debt EBITDA net continue also our We to adjusted leverage.
terms there the XXXX. no debt maturities reminder, to prior a As maintenance and debt our structure covenants material material no include of are
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revenues a for As QX the reminder, seasonally bonuses. quarter to our and been due has of free low cash historically lowest payout annual cash flow year the
over target XXXX over impacted free earned company's the our full our strong results. employees by by as for bonus target variable was compensation payments So and year our QX flow expected, cash other
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cash no flow So bonus payments. XXXX QX in reflected free
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in flow in track back-half expect free of on cash amount free a we Our full which anticipated, generate was negative we cash remain each the free generate year, for always positive to and XXXX, cash forward moving significant and QX is weighted. flow flow quarter to
with a the rest the there would quarter. work. specific second even to to guidance, are variables like the significant at year, of number following we Starting external though ahead of the Looking provide
be We XX% QX approximately revenues to to expect XX% up year-over-year. XXXX our
month are We consolidated of our preliminary to April closing were still April XXXX. but X% compared the revenues up
not XXXX. around points. Bob XXX we April of our concerns prior that the environment, mentioned, believe As campaigns resulting and approximately repeat drove a short-term year, did reflected basis from COVID-related in usual macroeconomic alone comps advertising from This some number
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XXXX, to of to wage We EBITDA to making ad to XX%. million generate growth as in expect EBITDA as to includes some build equate of guidance inflation. $XXX XX% QX also we're digital $XXX which and adjusted of impact year-over-year investments would our out support of the million This tech platforms the impact ad well
we to level XXXX's XXXX $XXX expect generate billion. in spite Further, a a the of a Please $XXX real flow ROI million. approximately being XXXX, expenditures year, in year our that leverage our project. continue guidance full adjusted full make we for in joining turn a in EBITDA finally, We it And previous cash We quarter high between expect this capital capital XXXX, have taxpayer, we year you questions. excess for take Thank to $XXX of over cash we guidance, $X you. of XXXX to your Consistent full be our the high full target the million. consolidation are of progress announced call. U.S. environment. And cash our and Xx. note, to expenditures appreciate free wasn't assumes of economic to than And continuation will million to complete estate pre-COVID full taxpayer, reminder, to company generate and we with more operator current the first as reaffirming previously expect earnings now we of towards significant the the
