|Over a week ago|
Hemisphere Media acquires Lionsgate's remaining stake in Pantaya video service » 09:0404/0104/01/21
Hemisphere Media (HMTV)…
Hemisphere Media (HMTV) has acquired the remaining 75% stake of Pantaya, a U.S. Hispanic Subscription Video-on-Demand Service, for approximately $124M in cash from Lionsgate (LGF.A). Prior to the transaction, Hemisphere owned 25% of Pantaya, and as a result of the transaction, will own 100% of Pantaya. Pantaya was launched in August, 2017 through a joint venture formed between Hemisphere and Lionsgate. Pantaya now has approximately 900,000 paying subscribers. The company estimates that Pantaya's subscriber base will grow to 2.5-3.0 million by the end of 2025.
|Over a month ago|
Hemisphere Media reports Q4 revenue $46.9M, consensus $43.5M » 08:3803/0203/02/21
Q4 net income was $9.6M…
Q4 net income was $9.6M compared to $3.8M last year. President and CEO of Hemisphere, Alan Sokol, said, "For the second consecutive quarter, we are proud to have delivered industry-leading revenue growth. Our Q4 was the highest quarter of TV advertising revenue in our history, even when excluding political revenue. Our fourth quarter was highlighted by 19% growth in net revenue, driven by an extraordinary 54% increase in advertising revenue. These impressive revenue numbers translated to 20% growth in Adjusted EBITDA in the Q4.
|Over a quarter ago|
Hemisphere Media announces new $20M share repurchase plan » 16:0511/1811/18/20
Hemisphere Media announced that its Board of Directors has authorized the company to repurchase its Class A common stock for an aggregate purchase price of up to $20M.
Hemisphere Media reports Q3 net income $5.3M vs. ($3.2M) a year ago » 08:1111/0911/09/20
Reports Q3 revenue…
Reports Q3 revenue $37.2M, consensus $35.7M.
Hemisphere Media reports Q2 revenue $34.7M, consensus $32.15M. » 08:3908/1008/10/20
Reports Q2 net loss…
Reports Q2 net loss $6.7M, as compared to a net loss of $2.4M for the same period in 2019. President and CEO, Alan Sokol, said "While our channels were impacted by reduced advertising spending resulting from the pandemic, the trends in our business progressively improved over the course of the quarter. We have seen this recovery accelerate in the third quarter, with strong year-over-year advertising sales growth in July. We have a proven playbook for times of crisis and have been able to ensure uninterrupted production of news and entertainment content across all of our channels. As a result, our networks in the U.S. and Puerto Rico maintained and expanded their leadership positions. In Puerto Rico, WAPA delivered all-time record ratings in the second quarter, including a tremendous 76% increase among adults age 18-49, when compared to the prior year period."
Wells Fargo to hold a virtual conference » 09:5406/0906/09/20
SSP, TGNA, NXST, IHRT, HMTV, GTN, ETM
2020 Wells Fargo Virtual…
2020 Wells Fargo Virtual NAB Conference will be held on June 9. Webcast Link