Hemisphere Media Group (HMTV) is set to announce its third quarter 2020 financial results on November 9, 2020, before market opening. The results will be available on their Investor Relations website. A conference call will take place at 10:00 AM ET, with access via phone or online streaming. Hemisphere specializes in media targeting the high-growth U.S. Hispanic and Latin American markets, operating various cable networks and OTT services.
Hemisphere Media Group (NASDAQ: HMTV) reported Q2 2020 net revenues of $34.7 million, down 11% from $39.1 million in Q2 2019. Advertising revenue decreased 21%, impacted by COVID-19, while affiliate revenue dropped 11%. Despite these declines, their cash position improved to $105 million with no near-term debt maturities. Notably, WAPA achieved record ratings, with a 76% increase among adults 18-49. The streaming platform Pantaya grew to approximately 800,000 subscribers. The company is optimistic about advertising trends in Q3.
Hemisphere Media Group (NASDAQ:HMTV) is set to announce its second quarter 2020 financial results on August 10, 2020. The results will be available before market opening on the company's Investor Relations website. Following the release, a conference call will take place at 10:00 AM ET, accessible by dialing (877) 497-1436, with a replay available later that day. Hemisphere is recognized as a leader in the media industry targeting U.S. Hispanic and Latin American markets.