Spanish Broadcasting System, Inc. (SBSAA) Q3 2023 Earnings Call Transcript Summary
Spanish Broadcasting System, Inc. (SBSAA) Q3 2023 Earnings Call Transcript Summary
The following is a summary of the Spanish Broadcasting System, Inc. (SBSAA) Q3 2023 Earnings Call Transcript:
以下是西班牙廣播系統公司（SBSAA）2023年第三季度業績電話會議記錄摘要：
Financial
金融
Q3 revenues of $35 million, down 8% YoY.
Operating expenses increased by 4%.
Station operating income was $10 million, down 28% YoY.
Adjusted OIBDA was $6.7 million, down 36% YoY.
Cash on hand is approximately $7 million.
Capex projected to be $2.4 million to $2.7 million for FY2023.
第三季度收入爲3500萬美元，同比下降8％。
運營費用增加了4％。
電臺營業收入爲1000萬美元，同比下降28％。
調整後的OIBDA爲670萬美元，同比下降36％。
手頭現金約爲700萬美元。
預計 FY2023 的資本支出爲240萬至270萬美元。
Business
商業
10% YoY increase in aggregate audience.
Orlando and Tampa stations expected to be profitable in 2023.
Leading Hispanic Audio Network.
Q2 audience of 3.3 million unique listeners per month.
Exploring new digital revenue streams.
Gross digital sales reached $8.4 million year-to-date.
Anticipated positive adjusted OIBDA for Orlando and Tampa in 2023.
觀衆總數同比增長10％。
奧蘭多和坦帕站預計將在2023年實現盈利。
領先的西班牙裔音頻網絡。
第二季度每月有330萬獨立聽衆。
探索新的數字收入來源。
今年迄今爲止，數字銷售總額達到840萬美元。
預計2023年奧蘭多和坦帕的OIBDA調整後爲正數。
Financial Performance:
財務業績：
Spanish Broadcasting System reported Q3 revenues of $35 million, down by 8% from the same period last year, impacted by insurance categories and decreases in local sales, digital, and network sales.
Operating expenses increased by 4% due to costs related to barter expense, compensation and benefits, digital sales costs, and music license fees.
Station operating income was $10 million, down by 28% from the previous year, while adjusted OIBDA was $6.7 million, a decrease of 36% from the same period last year.
Spanish Broadcasting System has approximately $7 million cash in hand and access to a $6 million revolver for required operations.
Capital expenditure is projected to be between $2.4 million to $2.7 million for the full fiscal year of 2023, with cash taxes predicted to range between $1.8 million to $2.2 million.
西班牙廣播系統報告稱，受保險類別以及本地銷售、數字和網絡銷售下降的影響，第三季度收入爲3500萬美元，比去年同期下降8％。
由於與易貨費用、薪酬和福利、數字銷售成本和音樂許可費有關的成本，運營費用增加了4％。
電視臺的營業收入爲1000萬美元，比上年下降28％，而調整後的OIBDA爲670萬美元，比去年同期下降36％。
西班牙廣播系統手頭有大約700萬美元的現金，可以動用600萬美元的左輪手槍進行必要的操作。
預計2023年整個財年的資本支出將在240萬至270萬美元之間，現金稅預計在180萬至220萬美元之間。
Business Progress:
業務進展：
SBS continued to expand its multi-platform reach, increasing its aggregate audience by 10% compared to Q3 of the previous year.
The company's Orlando and Tampa audio stations are expected to be profitable for 2023.
The AIRE Radio Networks remains the leading Hispanic Audio Network across the country.
SBS focuses on identifying new digital revenue streams and increasing their CPMs on existing digital offerings, leading to a Q2 audience of 3.3 million unique listeners per month.
SBS terminated its agreement with Voz and is seeking monetary damages, amended the purchase agreement for the KROI radio station, and is actively looking to sell its television operations and real estate assets.
Gross digital sales reached $8.4 million year-to-date as of September, making up approximately 7% of gross revenues.
For 2023, SBS expects Orlando and Tampa operations combined to have positive adjusted OIBDA.
SBS繼續擴大其多平台覆蓋範圍，與去年第三季度相比，其總受衆增加了10％。
該公司的奧蘭多和坦帕音頻電臺預計將在2023年實現盈利。
AIRE廣播網絡仍然是全國領先的西班牙裔音頻網絡。
SBS專注於尋找新的數字收入來源並提高其在現有數字產品上的CPM，從而使第二季度每月有330萬獨立聽衆。
SBS終止了與Voz的協議，正在尋求金錢賠償，修改了KROI廣播電臺的收購協議，並正在積極尋求出售其電視業務和房地產資產。
截至9月，今年迄今爲止，數字銷售總額達到840萬美元，約佔總收入的7％。
SBS預計，到2023年，奧蘭多和坦帕的業務合併後的OIBDA將爲正數。
More detailed: SPANISH BROADCASTING SYSTEMS INC IR
更詳細： 西班牙廣播系統公司 IR
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