Salem Media Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 63.5 million compared to USD 66.86 million a year ago. Net loss was USD 31.3 million compared to USD 11.89 million a year ago. Basic loss per share from continuing operations was USD 1.15 compared to USD 0.44 a year ago. Diluted loss per share from continuing operations was USD 1.15 compared to USD 0.44 a year ago.
For the nine months, revenue was USD 192.76 million compared to USD 198.15 million a year ago. Net loss was USD 43.55 million compared to USD 1.03 million a year ago. Basic loss per share from continuing operations was USD 1.6 compared to USD 0.04 a year ago. Diluted loss per share from continuing operations was USD 1.6 compared to USD 0.04 a year ago.