- Central European Media (NASDAQ:CETV) is 4.7% lower following Q3 results where it posted a narrower loss from the prior year, but currency issues hit revenues that fell more than 10%.
- Revenues were up 5% in constant rates. OIBDA was $8.4M, up from the prior $2.9M.
- TV ad revenues were up 8% at constant rates; the ad markets across the six-country footprint grew about 7% and the company increased its share in four of the six countries in the first nine months of 2015.
- In Q3 the company reversed charges taken in Q4 2014 and Q1 of this year related to tax audits in Romania.
- For the nine months, free cash flow increased $87.2M, to $52.9M total.
- Press Release