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Spanish Broadcasting System (SBSAA)
:SBSAA
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Earnings Data
Report Date
Apr 07, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 09, 2018
|% Change Since: -32.50%
|Next Earnings Date:Aug 14, 2018
Earnings Call Sentiment|Positive
The earnings call reflects a generally positive outlook for Spanish Broadcasting System, with significant growth in EBITDA and revenues in key markets, coupled with successful special events. While there are challenges related to national sales decline and ongoing cost-cutting efforts, the company's strategic initiatives and market performance indicate a strong position moving forward.Company Guidance
During the Spanish Broadcasting System's third quarter 2024 earnings call, CEO Raul Alarcon highlighted a significant 73% increase in adjusted OIBDA for the quarter and a 78% year-to-date rise, showcasing a strong performance trajectory. The company also reported a 16% growth in network revenues for Q3 and is anticipating single-digit growth in Q4, despite an 8% expected decline in national sales by year-end. Local sales saw a 5% year-to-date increase, outperforming the market average of 1.3% according to Miller Kaplan reports. Alarcon noted continued cost-cutting initiatives aimed at optimizing operational efficiency without compromising quality, and mentioned plans to extend the company's revolving credit facility beyond February 2025. Additionally, the newly acquired Houston station is expected to reach profitability in its second year, with broader strategic efforts aligning with the growing Latino demographic, whose purchasing power exceeds $3.6 trillion. The call underscored SBS's focus on strategic expansion and financial positioning for future growth.Record EBITDA Growth
Spanish Broadcasting System achieved record EBITDA growth for every consecutive quarter starting from Q4 last year, with adjusted OIBDA increasing by 73% in Q3 and 78% year-to-date.
Revenue Growth in Key Markets
Q3 network revenues increased by 16%, and local sales were up by low single digits. Year-to-date, local sales increased by 5%, with nearly all SPS stations outperforming their respective markets, averaging a growth of 4.9%.
Strong Performance in Orlando and Tampa
Revenues at the Orlando Tampa Metroplex increased by 17% year-to-date, with OIBDA rising by $1.2 million.
Successful Special Events
SBS produced successful events in Q4 in New York City and Miami, with revenues from three events up single digits compared to Q4 2023, all of which were profitable.
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SBSAA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SBSAA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 29, 2024 | $0.40 | $0.40 | 0.00% |
| Aug 29, 2024 | $0.32 | $0.30 | -6.25% |
| Jun 07, 2024 | $0.35 | $0.20 | -42.86% |
| May 29, 2024 | $0.30 | $0.30 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Spanish Broadcasting System (SBSAA) report earnings?
Spanish Broadcasting System (SBSAA) is schdueled to report earning on Apr 07, 2025, TBA Not Confirmed.
What is Spanish Broadcasting System (SBSAA) earnings time?
Spanish Broadcasting System (SBSAA) earnings time is at Apr 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SBSAA EPS forecast?
Currently, no data Available
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