- Radio net revenues for the fourth fiscal quarter were $38.8 million, up from $32.3 million from the prior year, an increase of 20%. On a pro forma basis, Emmis' revenues reported to Miller Kaplan in the markets where Emmis competes (excluding barter and syndication revenue) were up 0.8% in markets down 2.5%.
- For the full year, radio revenues were $176.3 million, compared to $145.3 million in the prior year, an increase of 21%. On a pro forma basis, Emmis' revenues reported to Miller Kaplan in the markets where Emmis competes (excluding barter and syndication revenue) were up 1.6% in markets down 3.7%.
Jeff Smulyan |
The radio industry's consumer awareness campaign for NextRadio has had remarkable results, further validating the promotional power of radio.
"Consumers exposed to NextRadio overwhelmingly love it," Smulyan said. "Average Time Spent Listing (ATSL) per session on NextRadio is nearly double traditional listening, all major radio companies are supporting the effort, and we are adding 350,000 activations each month. The momentum is tremendous."
Station operating income (SOI) during the quarter was $6.7 million, compared to $6.9 million for the same quarter of the prior year. For the full year, SOI was $53.4 million, compared to $48.3 million in the prior year.
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