Salem Media Group (SALM) Misses Q4 EPS by 12c, Revenues Beat; Offers Q1 Revenue Guidance Below Consensus
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Salem Media Group, Inc. Announces Fourth Quarter 2019 Total Revenue of $64.6 Million
March 12, 2020 4:05 PM EDTCAMARILLO, Calif.--(BUSINESS WIRE)-- Salem Media Group, Inc. (Nasdaq: SALM) released its results for the three and twelve months ended December 31, 2019.
Fourth Quarter 2019 Results
For the quarter ended December 31, 2019 compared to the quarter ended December 31, 2018:
Consolidated
Total revenue decreased 3.8% to $64.6 million from $67.2 million; Total operating expenses decreased 0.9% to $63.0 million from $63.5 million; Operating expenses, excluding gains or losses on the disposition of assets, stock-based compensation expense, changes in the estimated fair value of contingent earn-out consideration, impairments, depreciation expense and amortization expense (1) decreased 2.2% to... More