Spanish Broadcasting System, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2021
April 11, 2022
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Spanish Broadcasting System, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2021. For the fourth quarter, the company reported sales was USD 45.99 million compared to USD 40.18 million a year ago. Net income was USD 6.27 million compared to USD 3.84 million a year ago.
For the full year, sales was USD 145.77 million compared to USD 121.94 million a year ago. Net income was USD 1.73 million compared to net loss of USD 25.12 million a year ago.
Spanish Broadcasting System, Inc. owns and operates radio stations located in the United States Hispanic markets of Los Angeles, New York, Puerto Rico, Chicago, Miami, San Francisco, Orlando, and Tampa, airing the Tropical, Regional Mexican, Spanish Adult Contemporary, Top 40 and Urbano format genres. The Companyâs segments include radio and television. It operates AIRE Radio Networks, a national radio platform of over 290 affiliated stations. It also owns Mega TV, a network television operation with over-the-air, cable and satellite distribution and affiliates throughout the United States and Puerto Rico, produces a nationwide roster of live concerts and events, and owns a stable of digital properties, including LaMusica, a mobile application providing Latino-focused audio and video streaming content and HitzMaker, a performance showcase for trendsetting new artists and music aficionados. It also has various MegaTV broadcasting outlets under affiliation or programming agreements.
SPANISH BROADCASTING SYSTEM, INC. 
