Spanish Broadcasting System (SBSAA)

Spanish Broadcasting System Inc. (SBS) owns and operates radio stations located in the top U.S. Hispanic markets of New York, Los Angeles, Miami, Chicago, San Francisco and Puerto Rico, airing the Tropical, Regional Mexican, Spanish Adult Contemporary, Top 40 and Urbano format genres. SBS also operates AIRE Radio Networks, a national radio platform of over 250 affiliated stations reaching 94% of the U.S. Hispanic audience.  SBS also owns MegaTV, a network television operation with over-the-air, cable and satellite distribution and affiliates throughout the U.S. and Puerto Rico, produces a nationwide roster of live concerts and events, and owns a stable of digital properties including La Musica, a mobile app providing Latino-focused audio and video streaming content and HitzMaker, a new-talent destination for aspiring artists. For more information, visit us online at www.spanishbroadcasting.com.

Company profile

Raúl Alarcón
Fiscal year end
AIRE Radio Network LLC • Alarcon Holdings, Inc. • Broadspan Music Holdings, Inc. • Broadspan Music, Inc. • Gabriel Productions, LLC • Gabriel Series I, LLC • JuJu Media, Inc. • KLAX Licensing, Inc. • KLEY Licensing, Inc. • KPTI Licensing, Inc. ...
IRS number

SBSAA stock data


6 Jul 20
9 Aug 22
31 Dec 22
Quarter (USD) Mar 20 Sep 19 Jun 19 Mar 19
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 36.6M 36.6M 36.6M 36.6M 36.6M 36.6M
Cash burn (monthly) (no burn) (no burn) 1.97M (no burn) (no burn) (no burn)
Cash used (since last report) n/a n/a 55.77M n/a n/a n/a
Cash remaining n/a n/a -19.17M n/a n/a n/a
Runway (months of cash) n/a n/a -9.7 n/a n/a n/a

Beta Read what these cash burn values mean

6.7% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 1 1
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 1 EXIT
13F shares Current Prev Q Change
Total value 0 0
Total shares 339.5K 339.5K
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Bluestone Financial 339.5K $0 0.0%
Largest transactions Shares Bought/sold Change
Bluestone Financial 339.5K 0 0.0%

Financial report summary

  • The COVID-19 pandemic has adversely affected and could continue to adversely affect our business, financial position, results of operation, liquidity and cash flows.
  • Impairments of our FCC licenses and/or goodwill related to the impact of the COVID-19 pandemic will adversely affect our operating results and we may be required to record further impairment losses in the future.
Management Discussion
  • The increase in our consolidated net revenues of $14.3 million or 10% was due to increases in both our radio and television segments net revenue. Our radio segment net revenue increased $14.0 million or 11% due to increased in local, network, and digital sales which were partially offset by a decrease in national sales. Our special events revenue increased primarily in our Los Angeles, New York and San Francisco markets.  Our television segment net revenue increased $0.3 million or 2%, due to increases in local sales partially offset by a decrease in special event and subscriber based revenue.

Content analysis

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