Wednesday, February 24, 2021
TALKERS | February 24, 2021
Entercom Q4 Revenue Down 25.7%; Full Year 2020 Declines 33.6%. The third major radio company to present 2020 fourth quarter and full year financial data is
Entercom (
Cumulus have already posted their financial results and
iHeartMedia is scheduled to do the same tomorrow). The company reveals 2020 Q4 net revenue was $319.5 million, down 25.7% from the same period in 2019, and 2020 full-year net revenue was $1.06 billion, a decline of 33.6% from 2019. Entercom notes that since the depths of the pandemic revenue dip in the second quarter of 2020, business is trending up. Its 2020 Q4 revenue was up 19% from Q3. Entercom president and CEO
David Field says, “I am pleased to report that Entercom continued to drive strong sequential operating improvement with revenues up 19% and EBITDA more than doubling vs. the
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