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.”