Hemisphere Media (HMTV) Miss Revenue Estimate

Hemisphere Media (NASDAQ: HMTV) reported Q1revenue for the quarter came in at $33.16 million versus the consensus estimate of $33.8 million.

“We are off to a strong start in 2017. We delivered solid advertising revenue and subscriber and retransmission fee growth, saw increases in subscribers in both the U.S. and Latin America and continued to expand distribution of our channels through additional launches with MVPDs,” said Alan Sokol, President and Chief Executive Officer of Hemisphere. “These efforts translated into 7% growth in net revenues and a 9% increase in Adjusted EBITDA in the quarter, a testament to the strength of our offering and the value of our differentiated business model.

For earnings history and earnings-related data on Hemisphere Media (HMTV) click here.

You May Also Be Interested In

• Evercose ISI downgrades Reddit, says monetization may not offset traffic weakness
• Stifel on FedEx Freight (FDXF): 'Enters Its Post-Breakup Era - Time to Hit the Gym and Focus on Itself'
• Sensient Technologies (SXT) Tops Q3 EPS by 4c, Misses on Revenue; Offers FY26 EPS Guidance