Double digit gains for Liberman

LBI Media (public bonds), the parent company of Liberman Broadcasting, reported Q4 net revenues up 27% to $19.1M. That brought EBITDA growth of 31% to $9M.

LBI Executive VP & CFO Lenard Liberman told analysts that radio revenues increased 28% to $10.3M and EBITDA rose 29% to $4.5M. TV revenues gained 25% to $8.8M.

While general market broadcasters had been reporting a pre-war softening of ad demand in March, Liberman said that hadn't been the case for his company. "I didn't see that, although with the war starting today basically, it remains to be seen how that could still affect us, since there's still a week left or so in the month," he said.

LBI is the largest privately owned Spanish broadcaster in the US. It owns 15 radio stations and three TV stations in Los Angeles, Houston and San Diego.

Click here to listen to the LBI conference call.