Entercom Communications (ETM) Reports Q4 Loss of $1.21/sh
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Entercom Communications Reports Fourth Quarter Results, Revenues Up 19% Sequentially From 3Q to 4Q
February 24, 2021 8:00 AM ESTPHILADELPHIA--(BUSINESS WIRE)-- Entercom Communications Corp. (NYSE: ETM) today reported financial results for the quarter ended December 31, 2020.
Fourth Quarter Summary
Net revenues for the quarter were $319.5 million, up 19% compared to the third quarter of 2020 and down 23% compared to the fourth quarter of 2019 Our events business, which contributed 7% of our fourth quarter 2019 net revenues, continued to be significantly disrupted by COVID-19 and our event revenues for the quarter were down 98% compared to the fourth quarter of 2019 Digital revenues were $58.8 million, up 23% compared to the fourth quarter... More