Entercom Reports Slight 3Q Revenue Increase

Entercom Communications Corp. today reported financial results for the quarter ended September 30, 2014.

Third Quarter Highlights 

• Net Revenues increased 1% to $99.8 million 
• Station Expenses increased 3% to $69.2 million 
• Station Operating Income decreased 3% to $30.6 million 
• Adjusted EBITDA decreased 7% to $24.3 million 
• Adjusted Net Income per share decreased 5% to $0.19 
• Free Cash Flow decreased 14% to $13.0 million 

David J. Field, President and Chief Executive Officer, stated: “Entercom’s performance accelerated  during the third quarter, highlighted by a robust September during which revenues increased 7%, up 5%  excluding political. Overall, third quarter revenues were up 1.4%, overcoming a weak August. We continue to focus on working to enhance our value to listeners and customers and to increase our  growth potential for the future. To that end, we believe our competitive position, execution, and capabilities have all significantly improved over the past year and should enable enhanced performance  in the year ahead.”