Salem Media Group (SALM) Tops Q2 EPS by 4c
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Salem Media Group, Inc. Announces Second Quarter 2022 Total Revenue of $68.7 Million
August 4, 2022 4:05 PM EDTIRVING, Texas--(BUSINESS WIRE)-- Salem Media Group, Inc. (Nasdaq: SALM) released its results for the three and six months ended June 30, 2022.
Second Quarter 2022 Results
For the quarter ended June 30, 2022 compared to the quarter ended June 30, 2021:
Consolidated
Total revenue increased 7.7% to $68.7 million from $63.8 million; Total operating expenses increased 5.5% to $61.4 million from $58.1 million; Operating expenses, excluding gains or losses on the disposition of assets, stock-based compensation expense, debt modification costs, impairments, depreciation expense and amortization expense (1) increased 10.7% to $60.9 million from $55.0... More