Emmis Communications -3.2% post Q4 results [Seeking Alpha]
EMMIS COMMUNS CORP A (EMMS)
US:NASDAQ Investor Relations:
emmis.com/investors
Company Research
Source: Seeking Alpha
Emmis Communications -3.2% post Q4 results Emmis Communications ( EMMS -3.2% Q4 Revenue by segments: Radio $22.2M (-21.8% Y/Y); Publishing $1.33M (-5% Y/Y) and Emerging technology $0.24M (-27.3% Y/Y). Q4 Operating income was $0.34M compared to loss of 0.57M Y/Y. Station operating income was $4.3M (+19.4% Y/Y) Company has cash and equivalents of $5.4M. "Our renewed focus on digital is bearing immediate fruit, with Q1 digital revenues pacing up 50%. Ratings remain strong across all our brands and I'm confident that our ratings success will allow us to sustain this growth." said Jeff Smulyan, CEO & Chairman.
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