Audio giant Audacy released Q1 earnings, characterized by CEO David Field as “a solid start to 2024.” Audacy’s financial positioning is complicated by a recent bankruptcy, but the company is moving smoothly through that financial reorganization process with uplifting net… Continue Reading
Recent refinancing of debt helped Cumulus Media CEO Mary Berner describe a company with solid gains in a challenging environment. Click for details, quotes, key learnings, and stock chart. Continue Reading
Financial reports for this audio behemoth are always complex affairs. We separate the two main reporting entities, and deliver key results of the Q1 financial report. Continue Reading
Global podcasting company Acast has released its 94-page 2023 annual report. It describes markets and the company’s global reach, makes a case to podcasters and advertisers, defines the ad market, and delivers reams of detailed financial info. We consolidate highlights. Continue Reading
Audioboom delivered its second consecutive Trading Update (not a formal market filing) for Q1 2024. It is an upward-moving report in nearly all particulars. Click for financial highlights, and excerpts from the CEO commentary. Continue Reading
In iHeartMedia’s recently released earnings for Q4 2023, we see upward moving results for the Digital Audio Group balancing downward financials for the Multiplatform group. Click for much more detail and financial graphs. Continue Reading
Universal Music Group, the world’s largest music company, released financial information for Q4, and full-year 2023. UMG is a Dutch-American firm operating under Dutch law and traded on the Amsterdam Stock Exchange (AMS). We look at top-line Q4 and 2023 numbers. Continue Reading
Acast has released simultaneous reports for Q4 2023 and full year 2023. The headline news promoted by the company’s press release is that Q4 earned a positive adjusted EBITDA (Earnings before interest, taxes, depreciation, and amortization). It is a self-congratulatory moment for one of the largest podcast and advertising networks in the world — “the global independent power source of podcasting” as the company frames it. Continue Reading
“We had our strongest Q1 since going public in 2018, with nearly all our KPIs surpassing expectations.” With an ebullient tone, Spotify released its Q1 earnings, flush with upward-moving numbers. Click for details, charts, and graphs. Continue Reading
Spotify’s well known Chief Financial Officer, Paul Vogel, will leave the company in April. A search for his replacement is underway as of now. All this in a straightforward announcement. It will be a fairly short tenure for Vogel, who… Continue Reading
iHeartMedia announced an upbeat Q3 earnings report this week. At the top line, the company might have wished it could splash a billion-dollar figure, but settled for $989-million — a seven percent year-over-year gain. Following the examples of recent quarters, the Digital Audio Group led the way directionally. Click for details. Continue Reading
Stockholm-based global podcast company Acast released a Q3 financial report which also serves as an interim report covering January – September. Acast says that growth “was mainly attributable to North America where net sales increased by 55%.” Europe also delivered upward metrics (+25%) and all other markets averaged 24%. Click for more. Continue Reading