Entercom Communications (ETM) Tops Q4 EPS by 5c
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Entercom Communications Corp. Reports Fourth Quarter and Full Year Results
February 11, 2016 8:15 AM ESTBALA CYNWYD, Pa.--(BUSINESS WIRE)-- Entercom Communications Corp. (NYSE: ETM) today reported financial results for the quarter ended December 31, 2015.
Fourth Quarter Highlights
Net revenues for the quarter increased 16% to $117.7 million Station expenses increased 21% to $76.7 million Station operating income increased 7% to $41.0 million Adjusted EBITDA increased 7% to $35.2 million Adjusted net income per share increased 3% to $0.35 Free cash flow increased 9% to $25.5 millionFull Year Highlights
Net revenues for the year increased 8%... More