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Entercom Communications Corp. ETM today reported financial results for the quarter ended September 30, 2010.
Third Quarter Highlights
- Net revenues for the quarter increased 3% to $102.7 million, station expenses increased 3% to $67.3 million and station operating income increased 4% to $35.4 million
- Same station net revenues increased 3%, same station expenses increased 3% and same station operating income increased 4%
- EBITDA increased 5% to $31.0 million
- Net income per share was $0.29
- Adjusted net income per share increased 7% to $0.30
- Free cash flow increased 7% to $23.4 million
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