Entercom Communications Reports First Quarter Results
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Entercom Communications (ETM) Misses Q1 EPS by 1c, Revenues Miss
May 14, 2020 8:02 AM EDTEntercom Communications (NYSE: ETM) reported Q1 EPS of ($0.01), $0.01 worse than the analyst estimate of $0.00. Revenue for the quarter came in at $297.03 million versus the consensus estimate of $304.04 million.
First Quarter Summary
Net revenues for the quarter were $297.0 million, down 4% compared to $309.0 million in the first quarter of 2019Operating income for the quarter was $11.4 million, which included a non-cash impairment charge of $1.1 million, compared to $30.4 million in the first quarter of 2019Adjusted EBITDA for the quarter was $34.5 million, down 19% compared to $42.7 million in the first quarter of... More