UPDATE: Tribune Publishing (TPCO) Reports 1Q EPS Loss of $0.99, Revenues Beat; Offers 2Q Revenue Guidance Below Consensus

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Go back to UPDATE: Tribune Publishing (TPCO) Reports 1Q EPS Loss of $0.99, Revenues Beat; Offers 2Q Revenue Guidance Below Consensus

Tribune Publishing Reports First Quarter 2020 Results

June 5, 2020 7:31 AM EDT

Digital content revenues and subscribers increase more than 30% year-over-year

CHICAGO, June 05, 2020 (GLOBE NEWSWIRE) -- Tribune Publishing Company (NASDAQ: TPCO) today announced financial results for the first quarter ended March 29, 2020.

First Quarter 2020 Highlights:

Total revenues were $216.5 million, down from $244.5 million in the first quarter of 2019Loss from operations was $62.0 million, substantially due to non-cash impairment charges of $51.0 million, compared to a loss of $7.4 million in the first quarter of 2019Adjusted EBITDA was $13.3 million, a decrease of $8.0 million compared to the first quarter... More