Entercom Same Station Q4 2015 Revenue Up 2%

CEO David Field says when you back out political in Q4, revenue was up 5% and he was very upbeat about his company’s performance, both in the back half of 2015 as well as pacing in the first half of 2016. Same station Q4 2015 free cash flow was up 9% and free cash flow increased 20% for the second half of 2015. Local revenue was up in the mid-single digits in Q4 while national increased in the low-single digits. Field said November and December revenue was up significantly and the company gained significant revenue market share in virtually all of its markets. Entercom’s best performing markets in Q4 of 2015 were Boston, Los Angeles, San Francisco, and Seattle. The best performing categories were health and medical, travel, telecom, and professional services.