Spanish Broadcasting System, Inc. (SBSAA) Q3 2023 Earnings Call Transcript Summary
Spanish Broadcasting System, Inc. (SBSAA) Q3 2023 Earnings Call Transcript Summary
Operating expenses increased by 4%.The following is a summary of the Spanish Broadcasting System, Inc. (SBSAA) Q3 2023 Earnings Call Transcript:
以下是西班牙广播系统公司（SBSAA）2023年第三季度财报电话会议记录摘要：
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.
第三季度收入为3500万美元，同比下降8％。
运营费用增加了4％。
电台营业收入为1000万美元，同比下降28％。
调整后的OIBDA为670万美元，同比下降36％。
手头现金约为700万美元。
预计 FY2023 的资本支出为240万至270万美元。
Business
商业
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.
观众总数同比增长10％。
奥兰多和坦帕站预计将在2023年实现盈利。
领先的西班牙裔音频网络。
第二季度每月有330万独立听众。
探索新的数字收入来源。
今年迄今为止，数字销售总额达到840万美元。
预计2023年奥兰多和坦帕的OIBDA调整后为正数。
Financial Performance:
财务业绩：
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.
西班牙广播系统报告称，受保险类别以及本地销售、数字和网络销售下降的影响，第三季度收入为3500万美元，比去年同期下降8％。
由于与易货费用、薪酬和福利、数字销售成本和音乐许可费有关的成本，运营费用增加了4％。
电视台的营业收入为1000万美元，比上年下降28％，而调整后的OIBDA为670万美元，比去年同期下降36％。
西班牙广播系统手头有大约700万美元的现金，可以动用600万美元的左轮手枪进行必要的操作。
预计2023年整个财年的资本支出将在240万至270万美元之间，现金税预计在180万至220万美元之间。
Business Progress:
业务进展：
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继续扩大其多平台覆盖范围，与去年第三季度相比，其总受众增加了10％。
该公司的奥兰多和坦帕音频电台预计将在2023年实现盈利。
AIRE广播网络仍然是全国领先的西班牙裔音频网络。
SBS专注于寻找新的数字收入来源并提高其在现有数字产品上的CPM，从而使第二季度每月有330万独立听众。
SBS终止了与Voz的协议，正在寻求金钱赔偿，修改了KROI广播电台的收购协议，并正在积极寻求出售其电视业务和房地产资产。
截至9月，今年迄今为止，数字销售总额达到840万美元，约占总收入的7％。
SBS预计，到2023年，奥兰多和坦帕的业务合并后的OIBDA将为正数。
More detailed: SPANISH BROADCASTING SYSTEMS INC IR
更详细： 西班牙广播系统公司 IR
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