SVOD revenues up 21.1% over last quarter
Download the full press release
Fourth Quarter Highlights
- Revenues increased 112.5% to $72.7 million
- Recurring Broadcasting and Commercial Music revenues of $34.5 million, an increase of 12.4%
- Radio accounted for 46.8% of total revenues at $34.0 million
- Overall organic growth of 4.6%, excluding non-recurring equipment and installation sales related to digital signage
- Adjusted EBITDA up 90.7% to $22.4 million
- Quarterly dividend of $0.065 per share
Full Year Highlights
- Revenues increased 63.3% to $212.7 million
- Recurring Broadcasting and Commercial Music revenues of $129.3 million, an increase of 15.7%
- Radio accounted for 30.7% of total revenues at $65.2 million
- Overall organic growth of 4.4%, excluding non-recurring equipment and installation sales related to digital signage
- Adjusted EBITDA up 74.0% to $72.2 million
- Annualized dividend increased 18.2% to $0.26 per share