Hemisphere Media (HMTV) Reports Q4 Revenues Above Consensus Estimates

Hemisphere Media (NASDAQ: HMTV) reported Q4 revenues for the quarter came in at $46 million versus the consensus estimate of $38.7 million.

President and Chief Executive Officer of Hemisphere, Alan Sokol, said, "Our businesses performed strongly in the fourth quarter, with growth across all of our revenue streams. We are particularly encouraged by continued progress in Puerto Rico's recovery. The economy is stable and approaching pre-storm levels.

At the same time, our cable networks experienced solid revenue growth driven by continued strong ratings performance at a time when most linear channels are experiencing ratings declines.

We are excited about Pasiones' agreement with Charter Communications to launch nationally on Spectrum's "Mi Plan Latino". At a time when new launches are rare, this significant agreement is testament to the compelling and unique content offered by Pasiones.

Canal Uno in Colombia continues to experience impressive ratings growth. Canal Uno has entered into a multi-year program licensing agreement with NBC Universal/Telemundo, which is already resulting in significant ratings increases.

Given our strong momentum heading into 2019, we are forecasting a mid-teen percentage increase in Adjusted EBITDA for 2019."

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

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