Salem Media Group (SALM) Reports Q1 Loss of $2.07, Revenues Miss

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Go back to Salem Media Group (SALM) Reports Q1 Loss of $2.07, Revenues Miss

Salem Media Group, Inc. Announces First Quarter 2020 Total Revenue of $58.3 Million

June 1, 2020 4:05 PM EDT

CAMARILLO, Calif.--(BUSINESS WIRE)-- Salem Media Group, Inc. (Nasdaq: SALM) released its results for the three months ended March 31, 2020.

First Quarter 2020 Results

For the quarter ended March 31, 2020 compared to the quarter ended March 31, 2019:

Consolidated

Total revenue decreased 3.7% to $58.3 million from $60.5 million; Total operating expenses increased 24.1% to $76.3 million from $61.5 million; Operating expenses, excluding gains or losses on the disposition of assets, stock-based compensation expense, changes in the estimated fair value of contingent earn-out consideration, impairments, depreciation expense and amortization expense (1) increased 3.4% to... More