Home Login RADIO ONLINE RSS Facebook
Advertisement

Spanish Broadcasting Q3 Net Revs Up 6% to $41.2 Million


Spanish Broadcasting System
Spanish Broadcasting System

Spanish Broadcasting System reported third quarter consolidated net revenue rose 6% to $41.2 million from $38.9 million in 2021. Radio revenue grew 6% to $38 million from $35.9 million, exceeding the same pre-pandemic period in 2019 by $5.6 million or 17%. Consolidated Adjusted OIBDA totaled $10 million, remaining flat. Operating income fell 2% to $9 million from $9.2 million. The company posted a net income of $906,000 (11 cents per share) as compared to $846,000 (11 cents) in the year-ago period.

"Our third quarter results reflect solid radio and consolidated revenue growth," commented Chairman and Chief Executive Officer Raul Alarcon. "Our start-up Orlando and Tampa station group continues to perform ahead of our expectations and our digital and mobile metrics continue in high- growth mode, while our live events in San Diego, Orlando, Tampa, Miami and New York continue to draw arena-capacity crowds and record sponsorship participation into the fourth quarter."

Advertisement

Latest Radio Stories

American Music Fairness Act Re-Introduced in Congress
U.S. Congress
U.S. Congress
The American Music Fairness Act, legislation that would impose a new performance fee on broadcast radio outlets, has been re-introduced in Congress. If passed, the Act would mandate a fee on over-the-air music airplay on free, local radio that many, More

iHeartMedia New York Names Victor Giacomelli as VP/Sales
Victor Giacomelli
Victor Giacomelli
iHeartMedia/New York appoints Victor Giacomelli as Vice President of Sales for Urban WWPR (Power 105.1) and WWRL-AM (Black Information Network), effective immediately. Giacomellie joins from Audacy/Denver, where he was the Director of Sales. He More

CMG Orlando Ups Ashley Williams to Director of Sales
Ashley Williams
Ashley Williams
Cox Media Group/Orlando elevates Ashley Williams to Director of Sales. She's been with CMG for 15 years, crossing divisions from Radio, Corporate Digital and Television. Williams started her career with CMG in 2007 as a Television Sales Assistant More
Advertisement

Women In Radio to Host 7th Annual Conference in Atlanta
Women In Radio
Women In Radio
Women In Radio announces its 7th Annual "Cocktails, Cupcakes and Conversations" conference, taking place on March 11 from 12-3pm in Atlanta. This event is sponsored by Korbel, Originals by Africa's Best, Maple Street Biscuit Company, Foto Beauty Bar More

FSR Provides 23rd Annual Super Week Coverage from Arizona
FOX Sports Radio (FSR)
FOX Sports Radio (FSR)
FOX Sports Radio (FSR) has announced plans for its 23rd annual Super Week coverage beginning Monday, February 6. Featuring interviews with NFL players, newsmakers and celebrities, FSR will deliver coverage before, during and after the Big Game in More

Norfleet Joins KBME (Sportstalk 790)/Houston for Middays
Stan Norfleet
Stan Norfleet
KBME (Sportstalk 790) in Houston names Stan Norfleet to middays, weekdays from 10am-12pm, effective February 13. Norfleet, an NFL prospect, played football at the University of Virginia and Texas Southern University. He later worked for the Houston More

Return to Menu

Advertisement

Subscribe to our Newsletter
Radio news and headlines delivered right to your e-mail box -- and it's free.

Advertisement

Advertisement