Spanish Broadcasting System, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024
November 30, 2024 at 05:38 am EST
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Spanish Broadcasting System, Inc. reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported sales was USD 34.31 million compared to USD 35.01 million a year ago. Net income was USD 0.547 million compared to net loss of USD 32.54 million a year ago.
For the nine months, sales was USD 105.13 million compared to USD 105 million a year ago. Net loss was USD 1.42 million compared to USD 43.68 million a year ago.
Spanish Broadcasting System, Inc. and its subsidiaries owns and/or operates radio stations in the Los Angeles, New York, Puerto Rico, Chicago, Miami, Orlando, Tampa and San Francisco markets. The Company multiple Spanish and bilingual Websites, including www.lamusica.com, and various station websites that provide content related to Latin music, entertainment, news, and culture, as well as the LaMusica mobile application. Additionally, it also provides digital marketing solutions through its pure-play digital marketing department, Digidea, to further access and connect to the digital realm. In addition, it produces live concerts and events in the United States and Puerto Rico. It also operates AIRE Radio Networks. It also owns MegaTV, a network television operation with over-the-air, cable and satellite distribution and affiliates throughout the United States and Puerto Rico, produces a nationwide roster of live concerts and events.
SPANISH BROADCASTING SYSTEM, INC. 
