Reve-News: Audacy has reported Q4 2022 net revenue of $342.0 million, down 0.8% from Q4 2021's $344.7m. Spot revenue was down 3.8% to $213.6m, while digital revenue was up 2% from $68.1m last year to $69.1m. Total operating expenses increased from $292.0m to $295.6m. For the year, total revenue was $1.25 billion, up 3% from 2021's $1.22b. Digital revenue was up 9%, operating expenses were up 18.1% and adjusted EBITDA was off 16.8% from $165.7m in 2021 to $137.9m.

“Having started 2022 on a great note with revenues up 14% in the first quarter, we ended the year with revenues down 0.8% in the fourth quarter as challenging ad market conditions persisted," says CEO David Field. Full report here.