Let’s Look at the SBS Numbers

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From the official SEC filing, SBS reported total net revenue in Q2 of $34.8 million, slightly higher than the $34.2 million from Q2 2017. For the first six months of 2018 SBS’s net revenue came in at $68.7 million, an increase of 2% over the first six months of 2017. Radio revenue was flat in Q2 at $32 million and up 2% for the first 6 months, from $59.5 million to $60.5 million. Television revenue was up 21% in Q2 and up 35% through the first 6 months. SBS’s radio segment OIBDA increased $3.2 million or 30%, primarily due to a decrease in operating expenses of $3.2 million.

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