"While our Q1 revenue was in line with guidance and a marked improvement from 2023 trends, it is also reflective of the uncertainty that continues to weigh on advertisers."
"We're very proud of the radio business, and to me, we would never have had the success over the last 14 years in transforming into a digital-first company without the DNA of radio."
Despite the subscriber loss, the company's quarterly revenue actually rose 1% to $2.16 billion, up from $2.14 billion compared to the same quarter last year.
"SpotOn is an outstanding example of how broadcasters can save time and resources by responsibly utilizing AI to quickly and efficiently produce commercials."
“This partnership between Nielsen and Edison sets the record straight: a marketer’s audio strategy that excludes AM/FM engagement is simply incomplete.”