Entercom Communications Third Quarter Net Revenues Increase 2%
ENTERCOM COMMUNICATIONS (ETM)
Last entercom communications earnings: 2/25 08:00 am
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Source: Business Wire
Adjusted EBITDA Increases 13% and Adjusted Net Income Per Share Increases 23% PHILADELPHIA--(BUSINESS WIRE)--Entercom Communications Corp. (NYSE: ETM) today reported financial results for the quarter ended September 30, 2019.Third Quarter Highlights Net revenues for the quarter were $386.1 million, up 2.0% compared to $378.5 million in the third quarter of 2018Operating income for the quarter was $79.5 million, compared to $78.7 million in the third quarter of 2018Adjusted EBITDA for the quarter was $98.0 million, up 13% compared to $86.7 million in the third quarter of 2018Net income per diluted share for the quarter was $0.28, compared to $0.26 per diluted share in the third quarter of 2018Adjusted net income per diluted share for the quarter was $0.32, up 23% compared to $0.26 per diluted share in the third quarter of 2018“I am pleased to report that Entercom delivered strong organic growth in the third quarter with Adjusted EBITDA up 13% and Adjusted Net Income Per Share up 23%
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