With a vote on a reverse stock split coming at its annual shareholders meeting, allowing its shares to remain on the NYSE, Audacy Corp. has been suffering of late from severe fiscal challenges.
In Q1, the company formerly known as Entercom reported mixed results: the audio content creation and distribution company’s revenue surpassed analysts’ forecasts, but its earnings per share loss was wider than what they predicted by 2 cents.
That led one analyst to ask the CEO and CFO of Audacy some tough questions on its quarterly earnings call.
