HMTV - HMTV STOCK NEWS

Hemisphere Media Group (NASDAQ: HMTV) reported a 30% increase in net revenues for Q1 2022, reaching $48.8 million compared to $37.6 million in Q1 2021. This growth was driven by a 61% surge in subscriber revenue, primarily from Pantaya, despite a decline in U.S. pay television subscribers. Operating expenses rose by 68% to $54.5 million, leading to a net loss of $13.2 million. Hemisphere is set to be acquired for $7.00 per share, representing an 86% premium over the last trading day price.

TelevisaUnivision has announced an agreement to acquire Pantaya, a U.S. streaming platform for Spanish-language films and series, from Hemisphere Media Group (NASDAQ: HMTV). The deal includes cash and certain Puerto Rican radio assets. This acquisition aims to enhance TelevisaUnivision's digital transformation and bolster its global streaming service, ViX+, set to launch in late 2022. Key content like ‘Señorita 89’ and extensive movie offerings from Pantaya are expected to further strengthen the company’s portfolio. The transaction is anticipated to finalize in the latter half of 2022, pending regulatory approvals.

Hemisphere Media Group (HMTV) announced it will be acquired by a subsidiary of Gato Investments for $7.00 per share in cash, an 86% premium over its May 6, 2022 closing price. Concurrently, Hemisphere plans to sell its Spanish-language streaming service, Pantaya, to TelevisaUnivision for cash and Puerto Rican radio assets, aiming to use proceeds for debt repayment. The acquisition is expected to close in Q3 2022, pending shareholder and regulatory approvals. The merger includes a 30-day 'go-shop' period for alternative proposals.

Hemisphere Media Group (NASDAQ: HMTV) reported strong financial results for Q4 and full year 2021, with net revenues of $56.8 million for Q4, up 21% year-over-year, and annual revenues of $195.7 million, a 29% increase. WAPA achieved record advertising and retransmission revenue, supported by a flourishing local economy in Puerto Rico. Despite a net loss of $1.2 million for Q4, the company posted a net income of $11.1 million for the year, primarily due to a one-time gain from its Pantaya acquisition. Expenses surged due to increased operational costs, but the company remains bullish on subscriber growth and has a solid content pipeline for 2022.

Hemisphere Media Group (HMTV) will announce its fourth quarter and full year 2021 financial results on March 8, 2022, before the market opens. A conference call will follow at 10:00 AM Eastern Time, accessible via their Investor Relations website or by phone. HMTV is a leader in targeting the growing U.S. Hispanic and Latin American markets through various media platforms, including cable and streaming services. This release marks an important event for investors to assess the company’s performance in these high-growth demographics.

Hemisphere Media Group (NASDAQ: HMTV) announced a multi-year carriage agreement with fuboTV (NYSE: FUBO), enhancing its distribution in the U.S. Hispanic and Latin American markets. Starting Q1 2022, Hemisphere's five cable networks—WAPA América, Cinelatino, Pasiones, CentroAméricaTV, and Televisión Dominicana—will be available in HD on fuboTV's Latino channel plan. This partnership aims to provide culturally relevant content, including news, entertainment, films, and sports, to a growing Hispanic audience.

Hemisphere Media Group, Inc. (HMTV) has decided to withdraw its previously announced common stock offering due to unfavorable market conditions, stating that the offering is no longer attractive at current share price levels. No shares will be sold from this offering. The company asserts it has sufficient liquidity and will continue funding its operations and strategic growth initiatives, including investments in content for Pantaya. HMTV remains focused on serving the U.S. Hispanic and Latin American markets through its various media platforms.

Hemisphere Media Group, Inc. (HMTV) announced a public offering of 6,000,000 shares of its Class A common stock, with a 30-day underwriter option for an additional 900,000 shares. The net proceeds will be utilized for general corporate purposes. BofA Securities and J.P. Morgan are among the lead managers of the offering. A shelf registration statement has been filed and is effective. This offering is subject to standard securities regulations.

Hemisphere Media Group (NASDAQ: HMTV) reported robust Q3 2021 financial results, with net revenues reaching $50.8 million, up 37% year-over-year. Subscriber revenue surged 70% to $13.4 million, fueled by the acquisition of Pantaya, which now boasts 1 million subscribers. WAPA's strong performance continues, adding to their advertising revenue growth of 24% over Q3 2019. However, operating expenses rose significantly, resulting in a net loss of $14.8 million for the quarter. The company holds $253 million in debt with a leverage ratio of 4.6x.