Latin media company SBS reported Q4 revenue increases that amounted to “our best annual financial showing in over 15 years,” according to company chairman and CEO Raúl Alarcón.
SBS will announce its numbers during an investor’s call today (April 1). For the quarter-ended December 31, 2019, the Miami-based company’s consolidated net revenue totaled $46.1 million compared to $39.6 million for the same prior year period, resulting in an increase of 16%. “Our radio segment net revenue increased 15% due to increases in local, special events, network, and digital which were partially offset by a decrease in national sales,” said Alarcón. “Our television segment net revenue increased 31%, due to the increase in local sales which were partially