Entercom Meets Revenue Goals, With Big Impairment Charge

0

“Entercom delivered strong organic revenue and EBITDA growth in Q4 as our performance continues to accelerate across the organization and we gain traction on our various scale-driven growth initiatives.”


That’s the prepared quote from Entercom President/CEO David Field distributed along with his company’s much-anticipated Q4 2018 and full-year results.

While revenue was in line with analyst predictions, Entercom’s non-GAAP earnings per share missed Wall Street estimates. Investors don’t seem concerned, however, even as some may mistakenly believe Entercom suffered a huge net loss in the quarter.

Please Login to view this content. (Not a member? Join Today!)