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Central European Media +13.7% on revenue beat, bullish outlook

Published 04/26/2017, 10:06 AM
© Reuters.  Central European Media +13.7% on revenue beat, bullish outlook
  • Central European Media (NASDAQ:CETV) is up 13.7% after its Q1 results featured revenue that beat expectations and marked solid growth despite forex headwinds.
  • Revenues were up 5% and up 8% in constant currency. While ad revenues were up 4% (8% in constant rates), carriage fees and subscription revenues did better: up 11%, and up 15% at constant rates.
  • OIBDA was up 29% (up 35% at constant rates) to $22.1M, beating consensus for $19.7M.
  • Unlevered free cash flow rose 13%.
  • In its call, the company guided to 2017 OIBDA growth of 13-17% in constant currency and unlevered free cash flow of $105M-$110M.
  • Earnings call slides
  • Press Release
  • Now read: Central European Media Enterprises Ltd. 2017 Q1 - Results - Earnings Call Slides


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