Welcome to our dedicated page for ETM news (Ticker: ETM), a resource for investors and traders seeking the latest updates and insights on ETM stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ETM's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ETM's position in the market.
Entercom Communications Corp. (NYSE: ETM) is set to announce its 2020 fourth quarter financial results on February 24, 2021, before the market opens. A conference call will take place at 10:00 a.m. ET to discuss these results and the company's strategic initiatives. Participants can join the call or watch via a live webcast on the company's investor website. A playback option will be provided for a week following the call.
As a leader in live audio content, Entercom engages 170 million consumers monthly across the U.S.
Entercom has launched the BetQL Audio Network following its acquisition of QL Gaming Group. This network will provide sports gambling programming across Entercom’s sports stations, reaching nearly 30 million listeners monthly, and on the RADIO.COM app. Key shows include You Better You Bet and BetQL Daily, which have seen significant engagement. Additionally, KEZW-AM in Denver will be rebranded as The Bet 1430AM to air BetQL content. The network aims to capitalize on the growing sports gambling market while leveraging Entercom's extensive local sports portfolio.
Entercom has launched the BetQL Audio Network, enhancing its sports programming following the acquisition of QL Gaming Group. This network will offer popular shows like You Better You Bet and BetQL Daily, reaching over 7 million listeners weekly across Entercom's sports stations and digital platforms. The network will be promoted through 39 all-sports stations and aims to leverage Entercom's scale in the growing sports gambling market. The launch includes the rebranding of KEZW-AM in Denver to The Bet 1430AM, with further expansions planned.
Entercom Communications Corp. (NYSE: ETM) has finalized the acquisition of QL Gaming Group for approximately $32 million. This all-cash deal enhances Entercom's sports broadcast capabilities by integrating advanced data analytics and content. QL Gaming Group's app, BetQL, offers innovative sports betting insights and will be featured across Entercom's extensive audio platforms, reaching nearly 30 million sports fans monthly. This acquisition is projected to generate around $12 million in revenue for QL Gaming in 2021, with a high EBITDA margin.
Entercom Communications Corp. (ETM) reported Q3 2020 net revenues of $268.5 million, a 53% increase from Q2 but down 30% from Q3 2019. Digital revenues rose 41% year-over-year to $47.3 million. Operating loss stood at $0.3 million, with an adjusted EBITDA of $31.1 million, significantly lower than $98 million in the same quarter last year. The company reduced station expenses by 16% and used cash to lower its revolver balance from $243.7 million to $77.7 million. A landmark six-year partnership with FanDuel was announced, marking a historic advertising deal in radio.
Entercom Communications Corp. (NYSE: ETM) has entered a six-year partnership with FanDuel, making FanDuel the official sportsbook partner across Entercom's sports broadcast stations and RADIO.COM. This collaboration aims to enhance the sports betting experience, providing Entercom listeners exclusive access to FanDuel's betting content and insights. As the largest advertising commitment in the radio industry, this partnership is expected to significantly broaden FanDuel's reach among sports fans, leveraging Entercom's extensive audio platforms, which attract nearly 30 million sports fans monthly.
Entercom Communications Corp. (NYSE: ETM) will disclose its 2020 third quarter financial results on November 6, 2020, before market opening. A conference call will occur at 10:00 a.m. ET to discuss these results and recent strategic advancements. Investors can participate by calling in or via a live webcast. A playback option will be available for one week post-call. Entercom engages over 170 million consumers monthly, featuring a broad array of podcasts, digital content, and live events, positioning itself as a leader in local radio, sports, and news.
