Emmis Communications (EMMS) Reports Q4 Loss of $0.04

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Go back to Emmis Communications (EMMS) Reports Q4 Loss of $0.04

Emmis Announces Fourth Quarter and Full-Year Earnings

May 9, 2019 6:01 AM EDT

INDIANAPOLIS, May 9, 2019 /PRNewswire/ -- Emmis Communications Corporation (NASDAQ: EMMS) today announced results for its fourth fiscal quarter and full-year ending February 28, 2019.

Emmis' radio net revenues for the fourth fiscal quarter were $22.2 million, down from $28.4 million in the prior year, a decrease of 22%. Pro forma for the sale of the company's Los Angeles and St. Louis radio stations, Emmis' fourth quarter pro forma radio revenues per Miller Kaplan were down 4%, in markets that were up 3%. 

For the full year, radio revenues were $108.0 million compared to $142.9 million in... More