Spanish specialist LBI Media has given Wall Street an early peek at its Q4 results, reporting that revenues were up 19% to approximately $30.7 million. Adjusted EBITDA looks to be up 37-45%, which would put it in a range of $8.7-9.2 million.
What LBI did not do was break out separate figures for its radio and TV divisions. We’ll have to wait for a detailed financial report on March 7th for that.
“As the US economy strengthens, and the advertising industry continues to expand, LBI continues to benefit from the strong position of its radio and television assets. Our radio and television stations continue to rank among the top Hispanic stations and our programming continues to capture the attention of audiences and advertisers. Additionally, it has been a little over a year since our EstrellaTV network has launched, and we believe the performance and growth of the network has been a resounding success that has contributed significantly to the value of our company,” said CEO Lenard Liberman, who hailed the company’s fourth consecutive quarter of year-over-year growth.
“We are experiencing revenue growth in both our core radio and television segments. EstrellaTV has also contributed to our revenue growth, showing sequential revenue growth every quarter since we launched the network. EstrellaTV truly shines and has surpassed our initial ratings and revenue expectations,” Liberman said.