Entercom Communications (ETM) Misses Q2 EPS by 6c, Revenues Miss

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Entercom Communications Reports Pandemic Impacted Second Quarter Results

August 7, 2020 8:00 AM EDT

Generated Monthly Sequential Revenue Improvements Every Month Since April with Third Quarter Business on Books Already 30% Greater than
Second Quarter Revenue

PHILADELPHIA--(BUSINESS WIRE)-- Entercom Communications Corp. (NYSE: ETM) today reported financial results for the quarter ended June 30, 2020.

Second Quarter Summary

Reflecting the impact of the COVID-19 pandemic on the economy at large, the broadcasting sector and Entercoms business, net revenues for the quarter were $175.9 million, down 54%, compared to $380.7 million in the second quarter of... More