Digital Revenue Growth
Digital revenue accounted for roughly 25% of the company's total revenue, up from 19% last year. On a same-station basis, digital revenue grew approximately 28% year-over-year.
Audio Plus Performance
Audio Plus revenue exceeded $1.2 million in Q3, representing over 200% growth from Q2, driven by strong performance in Philadelphia, Detroit, and Boston.
Digital Operating Margin Expansion
Digital operating margin expanded from 7% in the prior year to 21% in Q3, reflecting improved portfolio optimization and monetization efficiency.
Local Direct Revenue Increase
Local direct revenue grew 3.5% year-over-year, now representing nearly 60% of total local business.
Cost Reduction Achievements
Station operating expenses were down 8% year-over-year, with corporate expenses down nearly 50% partially due to onetime reclass benefits.