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Hemisphere Media Group, Inc. (NASDAQ: HMTV) has announced plans to release its third quarter 2021 financial results on November 5, 2021, before the market opens. The results will be available on their Investor Relations website. Following this, a conference call will take place at 11:00 AM Eastern Time, accessible via phone or online. A replay will be available later that day. Hemisphere is a media company focusing on the growing U.S. Hispanic and Latin American markets, operating various cable and streaming platforms.
Hemisphere Media Group (HMTV) reported strong financial results for Q2 2021, achieving net revenues of $50.5 million, a 45% increase from the prior year. The company also recorded a 67% growth in subscriber revenue attributed to the acquisition of Pantaya, now nearing 1 million subscribers. Advertising revenue grew by 40% due to market gains in Puerto Rico. Operating expenses rose by 68% due to higher costs related to Pantaya. The net loss narrowed to $6.3 million compared to $6.7 million a year earlier, while Adjusted EBITDA decreased by 8% to $12.3 million.
Hemisphere Media Group (HMTV) will announce its second quarter 2021 financial results on August 9, 2021, before market opening. A conference call will follow at 10:00 AM Eastern Time, accessible via the Investor Relations website or by phone for local and international callers. Hemisphere is a leading U.S. media company focusing on the Hispanic and Latin American markets, owning multiple cable networks and streaming services. The financial release will be available on their website.
On June 7, 2021, Hemisphere Media Group (NASDAQ: HMTV) announced that CEO Alan J. Sokol will participate in a fireside chat at the Wells Fargo Virtual Media & Telco Day at 11:00 AM ET. Hemisphere is a leading media company focused on the U.S. Hispanic and Latin American markets, operating multiple television, streaming, and digital content platforms. Investors can access a live webcast of the event, with a replay available for 90 days on the company’s investor relations website.
Hemisphere Media Group (NASDAQ: HMTV) reported a strong 16% increase in net revenues for Q1 2021, totaling $37.6 million, led by a notable 35% rise in advertising revenue. This growth contributed to a 37% boost in Adjusted EBITDA, reaching $15.7 million. Key highlights include the acquisition of a 75% stake in Pantaya, targeting a subscriber goal of 2.5-3 million by 2025. Operating expenses rose 15% to $32.5 million, primarily due to Pantaya-related costs. The company also achieved a net income of $33.4 million, a significant turnaround from a loss in the previous year.
Hemisphere Media Group (HMTV) will announce its first quarter 2021 financial results on May 5, 2021. The release will be accessible on their Investor Relations page before market opening, followed by a conference call at 10:00 AM Eastern Time. Interested participants can join via phone or online. Hemisphere is a prominent media company focusing on the U.S. Hispanic and Latin American markets, operating multiple cable networks and an OTT service.
Hemisphere Media Group (NASDAQ: HMTV) announced the acquisition of the remaining 75% stake in Pantaya for about $124 million in cash from Lionsgate. Previously owning 25%, Hemisphere now fully owns Pantaya, the leading subscription video-on-demand service for U.S. Hispanics. With approximately 900,000 subscribers, Pantaya aims to grow to 2.5-3.0 million by 2025. The acquisition, funded through cash and a $50 million add-on loan, positions Hemisphere to expand content investment and capitalize on the growing U.S. Hispanic population, projected to reach 75 million by 2030.
On March 2, 2021, Hemisphere Media Group (HMTV) reported Q4 results for 2020, showcasing a 19% growth in net revenues to $46.9 million, primarily fueled by a 54% surge in advertising revenue. For the full year, net revenues increased 1% to $151.2 million. Adjusted EBITDA for Q4 reached $22 million, up 20%, while the annual figure decreased by 4% to $63.6 million. Despite a net loss of $1.2 million for the year, the company highlighted strong performance at WAPA and growth in its streaming service Pantaya, achieving 900,000 subscribers—a 40% increase.
Hemisphere Media Group, Inc. (HMTV) will announce its fourth quarter and full year 2020 financial results on March 2, 2021, before the market opens. A conference call will follow at 10:00 AM Eastern Time, available via the Investor Relations website or by phone. Hemisphere Media targets the growing U.S. Hispanic and Latin American markets with various broadcast and digital platforms. The company owns five U.S. Hispanic cable networks and operates in Puerto Rico and Colombia.
Hemisphere Media Group (HMTV) has authorized a stock repurchase program of up to $20 million to enhance shareholder value. This decision reflects the Board's confidence in the company's long-term prospects, driven by a recovering advertising market. CEO Alan Sokol emphasized the company's robust free cash flow and capital allocation strategy. The repurchase may occur through open market transactions, with no obligation on the exact number of shares. Forward-looking statements highlight potential risks, including economic instability and local market challenges.
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