Q1 2020 Earnings Call
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Factors such factors have been set forth in the company's most recent reports filed with the SEC and included in today's earnings release company undertakes. No obligation to update these forward-looking statements wage grade uses its website as a key source of company information. The website address is included on the call will be discussion of non-gaap financial measures in a particular broadcast cash flow broadcast cash flow is Corporate expenses operating cash flow free cash flow adjusted ebitda and certain labret ratios. These metrics are not meant to replace Gap measurements, but are provided as a service to assist the public in their analysis and evaluation of our company.
Coronavirus said certainly much has changed since then as a company I could not be more proud of the efforts of our stations and production companies offer. Their employees are corporate and shared services staff and our entire leadership team. We moved quickly into a remote work policy across the company adopted numerous protocols to protect our employees dramatically ramped up our local news and other local programming with out of the way to drum up and Kolb business and double down on our already deep community service.
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Make this appointment. Thank you for standing by and welcome to the great television in first quarter 2020 earnings call at this time. All participants are in a listen-only mode. Please be advised. This conference is being recorded after the speaker's presentation. There will be a question-and-answer session to ask a question during the session. You will need to press star one on your telephone. If you require any further assistance, please press * 0. I would now like to turn the call over to your speaker today, but somehow chairman and CEO, please go ahead. Thank you so much operator and good morning everyone else as the operator mentioned on the chairman to see gray and I want to thank all of you for joining us this morning to our 20 22 on our end is called today. We are all virtually Pleasant and spread all over the country on the line with me our president and co-ceo power plant me achieve legal and development officer Kevin latek and our Chief Financial Officer Jim Rome.
included in our earnings
Advertisers by and large space historic headwinds, but they have stayed with us more than many had expected. As you saw today. We ended the quarter with revenues slightly due to increases and retransmission and political advertising Revenue more than offsetting the decline in advertising revenues, which was largely centered in the month of March at the same time. We managed to reduce expenses during the quarter. However, I want to note not due to furloughs not due to layoffs and not get the benefit cuts.
in the end
broadcast cash flow and net income all increased from the first quarter of last year and all three measures were roughly aligned with the lower end of the guidance that we issued before the onset of the coronavirus pandemic in particular Revenue was $534 Million increasing $16 or 3% off from the first quarter of 2019. Net income attributable to Common shareholders was $14.40 per fully diluted share broadcast fax was 181 million increasing 58 million dollars or 47% from the first quarter of two thousand.
We also have today our chief operating officer Bob Smith, and I'd like to welcome Bob. This is the first time that he has joined us on this call and he may be able to provide some interesting color of some of you during the Q&A session. If not before we