What SBS Expects In Q2, As Others Report Full Results


If there’s one thing we know about Spanish Broadcasting System (SBS), it is that its leader, Raúl Alarcón Jr., is the honey badger of broadcasting — he does things his way, and he’s achieved some pretty good success as a result of this business acumen.

As such, it’s not much a surprise that SBS late Monday released preliminary estimated Q2 2018 results as nearly every publicly traded company is in the midst of sharing their official second-quarter financials with Wall Street and the world.

What’s the forecast from Miami? SBS currently anticipates Q2 consolidated net revenue to fall between approximately $34.5 million and $34.8 million, reflecting an increase of between 1% and 2% over 2017.

Adjusted OIBDA, which excludes non-cash stock-based compensation, should come in between roughly $10.8 million and $11.6 million, demonstrating improvements of between 34% and 44% over 2017.

But, operating income is forecast to come in between $8.3 million and $9.1 million — down from $16.4 million in Q2 2017.

When will the official results be shared?

Alarcón noted that SBS will be filing its finalized second quarter results “within the next week.”