Entercom Communications (ETM) Misses Q3 EPS by 7c

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Go back to Entercom Communications (ETM) Misses Q3 EPS by 7c

Entercom Communications Reports Third Quarter Results, Revenues Up 53% Sequentially from 2Q to 3Q

November 6, 2020 8:00 AM EST

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

Third Quarter Summary

Net revenues for the quarter were $268.5 million, up 53% compared to the second quarter of 2020 and down 30% compared to the third quarter of 2019 Net revenues improved each month during the third quarter compared to the prior year: July was down 36%, August was down 32% and September was down 25% Digital revenues were $47.3 million, up 41% compared to the third quarter of 2019 and were propelled by continued strong audience and... More