Entercom Communications (ETM) Misses Q1 EPS by 1c, Revenues Miss
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Entercom Communications Reports First Quarter Results
May 14, 2020 8:00 AM EDTPHILADELPHIA--(BUSINESS WIRE)-- Entercom Communications Corp. (NYSE: ETM) today reported financial results for the quarter ended March 31, 2020.
Key Highlights
After being up over 7% February YTD, net revenues for the quarter were down 4% to $297 million due to the impact of COVID-19 Digital revenues were up 41% YoY for the quarter, propelled by strong audience and revenue growth in podcasting and digital audio advertising To mitigate the impact of the downturn in revenues and to preserve liquidity, the Company rapidly executed the following... More