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.

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