Broadcasting Stocks

What a way to start a new month. The second quarter financial results for the audio media company with an investment in eSports will be distributed on Monday, August 1, before the Opening Bell on Wall Street.

The biggest audio content creation and distribution company has selected the date and time for its release of its second quarter 2022 fiscal results.

Those are the words Netflix decided to use to describe its fiscal health across the three-month period ending June 30, as net income improved — as did net cash provided by operating activities. Is this the much-needed shot in the arm that not only Netflix, but every OTT-based video transmission service, desires? One analyst says no, and thinks Microsoft should buy Netflix in 2024 or 2025 should the White House gain a Republican President open to big mergers.

Today, the company's shares, which trade on the NYSE, are in the low-$23 range. That isn't stopping Nielsen's Board of Directors from rewarding its shareholders.

With its stock value in a slump but experiencing a dip that's not as severe as that of iHeartMedia or Audacy Inc., all eyes will be on Townsquare Media to see just how its digital revenue offset any dollar declines at its broadcast radio stations during the second quarter of 2022. When is the company's big Q2 earnings reveal?

Respected Wall Street analyst house MoffettNathanson has completed its sale to SVB Securities, and is now a division of Silicon Valley Bank. As required as part of that transaction, MoffettNathanson is reinitiating coverage of the U.S. media and internet sector. There's just one caveat. It isn't offering coverage of nearly every broadcast radio or television company.

Earnings season is rapidly approaching, and that means investors and financial analysts will have their eyes peeled on the all-important second quarter results for publicly traded broadcast companies and even such privately held entities as TelevisaUnivision. On August 5, one radio industry pure-play will release its Q2 '22 fiscal report. And, it is holding its earning call at exactly the same as that of television industry player Gray Television.

American Tower Corporation has selected the date of its release of the company's second quarter 2022 results. It is the last Thursday in July.

Get ready to start the month of August by gauging the performance of how every publicly traded radio and television company performed during the three-month period ending June 30. That's when Earnings Season officially hits its zenith for the broadcast media industry, and when Gray Television will release its Q2 2022 results.

Earlier this week, RBR+TVBR put a spotlight on Audacy Corp., which is starting the second half of 2022 with some of its lowest closing prices for its stock across the last five years. But, Audacy isn't the only broadcast media company with Wall Street challenges as July begins.

Its stock bears a one-year target price of $3.25. On March 25, that seemed like an attainable goal for Audacy Corp. Since then, however, its stock has suffered a slump that hasn't ceased. In fact, Audacy shares have been priced this low only once since October 2008.

Xperi Holding Corporation, with a market cap of $1.53 billion, could end up pleasing investors a little bit more come early August, when its Q2 2022 earnings results are scheduled for release. The company has increased both its annual revenue and its operating cash flow guidance for the year.

The company with EVP/CFO Lee Ann Gliha — voted by RBR+TVBR readers as the Top Broadcast Best Finance Leader of 2022 — in the chair since August 2021, has engaged in a refinancing effort. Could it provide a new spark to Nexstar stock, which has seen year-over-year growth and remains one of the broadcast media industry's best Wall Street performers despite a $20 per-share loss seen over the last 30 days?

Nexstar Media Group shareholders have voted in favor of all proposal  recommended by the Board of Directors. This sets the stage for the elimination of two classes of Nexstar stock.

An indirect wholly owned subsidiary of Cumulus Media has amended its existing $100 million revolving credit facility by extending its maturity by two years. Here's the good news: As of Wednesday, there were no amounts outstanding under the facility.