“The situation is challenging and we are addressing it with eyes wide open.”
That’s what President/CEO David Field told analysts and investors tuned in to Audacy Corp.‘s widely anticipated earnings call, in which Field and CFO Rich Schmaeling reviewed the company’s fourth quarter and year-end 2022 earnings results.
While Audacy surpassed analysts’ estimates on Earnings Per Share by 2 cents in Q4, revenue came in shy of their forecasts. In short, Field said to begin his earnings call remarks, “2022 was certainly not the year we expected.”
