Spanish Broadcasting System Estimates Sales, OIBDA Increases For Third Quarter

Estimates

SPANISH BROADCASTING SYSTEM has released preliminary third quarter 2018 financial results, with revenues estimated to have risen 2-4% to between $33.5 million and $34 million and adjusted OIBDA to have jumped 26-35% to between $10.1 million and $10.8 million.

Chairman/CEO RAUL ALARCÓN said, "Our preliminary estimated third quarter results reflect the continued strong performance of all of our major business units with sustained revenue growth and Consolidated OIBDA projected to be up approximately 35% over last year.  At nearly 40%, our consolidated operating margin is again among the highest in the industry and our respective major-market audience shares in NEW YORK, LOS ANGELES, MIAMI and PUERTO RICO are the best in the Company's history.

"Looking to the fourth quarter, all business units are continuing to exhibit positive traction, both in terms of core operations and audience monetization. Revenue pacings are currently up double-digits and costs remain firmly under control.  As we celebrate our 35th year of operations, after having recently secured our official MBE (Minority Business Enterprise) Certification, we fully expect 2018 to be a year of solid operational and financial performance.  We look forward to announcing our finalized third quarter results within the next few weeks."

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