earnings
confidence high
sentiment neutral
materiality 0.60
Salem Media Q1 revenue up 5.5% to $62.6M; net income rises 438% to $1.7M
SALEM MEDIA GROUP, INC. /DE/
2022-Q1 EPS reported
$0.06
revenue$62,609,000
- Revenue $62.6M (+5.5% YoY); operating income $5.0M (+14.2%).
- Net income $1.7M ($0.06 diluted EPS) vs $0.3M ($0.01) in prior year.
- Broadcast revenue +10% to $48.4M; Station Operating Income -3.7% to $10.3M.
- Digital Media revenue +7.1% to $10.3M; operating income +93.1% to $1.8M.
- Q2 guidance: total revenue growth 6%-8% vs Q2 2021 revenue of $63.8M.