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Category: Earnings Reports

  • Entravision Reports First Quarter 2026 Results

    Entravision Reports First Quarter 2026 Results

    BURBANK, Calif.–(BUSINESS WIRE)–
    Entravision Communications Corporation (NYSE: EVC), a media and advertising technology company, today announced financial results for its first quarter ended March 31, 2026.

    “Net revenue in our Media segment increased 4% in first quarter 2026 compared to first quarter 2025 due to an increase in digital advertising revenue and retransmission fees which were partially offset by lower broadcast advertising revenue and revenue from spectrum usage rights. Local advertising revenue increased 6% and national advertising revenue decreased 18%, excluding political revenue,” said Michael Christenson, Chief Executive Officer. “Net revenue in our Advertising and Technology Services segment increased 204% in first quarter 2026 compared to first quarter 2025. The ATS segment had higher monthly active advertisers and higher revenue per monthly active advertiser. These results were driven by the investments in the AI capabilities of our platform and our expanded sales capacity.”

    Mr. Christenson continued, “We repaid $5 million on our bank term loan in the first quarter of 2026, and we remain committed to reducing our debt and maintaining a strong balance sheet.”

    Highlights

    Entravision reports its operating results for two segments. The Media segment provides video, audio and digital marketing services to local and national advertisers in the U.S. The Advertising Technology & Services (“ATS”) segment provides programmatic advertising technology and services to advertisers and mobile app developers on a global basis.

    • Consolidated net revenue increased 114% for first quarter 2026 compared to first quarter 2025.
      • Media segment net revenue increased 4% for first quarter 2026 compared to first quarter 2025, primarily due to an increase in digital advertising revenue and an increase in retransmission consent revenue, partially offset by a decrease in broadcast advertising revenue and a decrease in spectrum usage rights revenue.
      • ATS segment net revenue increased 204% for first quarter 2026 compared to first quarter 2025, primarily due to increases in monthly active advertisers and revenue per monthly active advertiser, which were driven by investments we made in the AI capabilities of our platform and increased sales capacity.
    • Segment operating profit was $29.1 million for first quarter 2026, compared to operating profit of $3.9 million for first quarter 2025.
      • Media segment operating loss was $5.2 million for first quarter 2026, compared to operating loss of $2.6 million for first quarter 2025.
      • ATS segment operating profit was $34.3 million for first quarter 2026, compared to operating profit of $6.5 million for first quarter 2025.
    • Corporate expenses decreased 8% for first quarter 2026 compared to first quarter 2025, primarily due to expense reductions in rent and professional services, partially offset by an increase in bonus expense and non-cash stock-based compensation.
    • The company made a $5.0 million scheduled debt payment and paid a dividend of $4.6 million in first quarter 2026.
    • The company had $71.1 million in cash and cash equivalents and marketable securities and $162.2 million of long-term debt and current maturities of long-term debt as of March 31, 2026.
    • Entravision’s board of directors approved a quarterly cash dividend to shareholders of $0.05 per share on the company’s Class A and Class U common stock. The dividend is payable on June 30, 2026 to shareholders of record as of the close of business on June 16, 2026.

    Notice of Conference Call

    Entravision will host a webinar to discuss its first quarter 2026 results on Tuesday, May 5, 2026 at 4:30 p.m. Eastern Time. The webinar may be accessed on company’s Investor Relations website at investor.entravision.com or via webinar registration. The webinar will also be archived on the company’s Investor Relations website under the Events section.

    About Entravision

    Entravision is a media and advertising technology company. In the U.S., we provide video, audio and digital marketing services to local and national advertisers through a portfolio of television and radio stations and digital advertising services that target Latino audiences. Our advertising technology business provides programmatic advertising technology and services to advertisers and app developers on a global basis. Entravision is the largest affiliate group of the Univision and UniMás television networks. The term “Entravision” as used in this press release refers to Entravision Communications Corporation. Shares of Entravision Class A Common Stock trade on the NYSE under the ticker: EVC. Learn more about us at entravision.com.

    Forward-Looking Statements

    This press release contains certain forward-looking statements. These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this press release. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that actual results will not differ materially from these expectations, and the Company disclaims any duty to update any forward-looking statements made by the Company. From time to time, these risks, uncertainties and other factors are discussed in the Company’s filings with the Securities and Exchange Commission.

    Entravision Communications Corporation

    Segment Results (Unaudited)

    (In thousands)

    Three-Month Period

    Ended March 31,

    %

    2026

    2025

    Change

    Net revenue

    Media

    $

    42,421

    $

    40,977

    4

    %

    Advertising Technology & Services

    154,550

    50,874

    204

    %

    Consolidated

    196,971

    91,851

    114

    %

    Cost of revenue

    Media

    5,365

    3,266

    64

    %

    Advertising Technology & Services

    96,589

    30,206

    220

    %

    Consolidated

    101,954

    33,472

    205

    %

    Direct operating expenses

    Media

    28,136

    26,550

    6

    %

    Advertising Technology & Services

    16,663

    8,952

    86

    %

    Consolidated

    44,799

    35,502

    26

    %

    Selling, general and administrative expenses

    Media

    11,352

    10,805

    5

    %

    Advertising Technology & Services

    6,787

    4,701

    44

    %

    Consolidated

    18,139

    15,506

    17

    %

    Depreciation and amortization

    Media

    2,786

    2,970

    (6

    )%

    Advertising Technology & Services

    205

    507

    (60

    )%

    Consolidated

    2,991

    3,477

    (14

    )%

    Segment operating profit (loss)

    Media

    (5,218

    )

    (2,614

    )

    100

    %

    Advertising Technology & Services

    34,306

    6,508

    427

    %

    Consolidated

    29,088

    3,894

    647

    %

    Corporate expenses

    7,173

    7,788

    (8

    )%

    Impairment charge

    –

    23,673

    (100

    )%

    Loss on lease abandonment

    –

    25,191

    (100

    )%

    Restructuring costs

    983

    –

    *

    Foreign currency (gain) loss

    243

    12

    1,925

    %

    Operating income (loss)

    20,689

    (52,770

    )

    *

    Interest expense

    $

    (3,315

    )

    $

    (3,663

    )

    (10

    )%

    Interest income

    358

    605

    (41

    )%

    Dividend income

    14

    –

    *

    Realized gain (loss) on marketable securities

    8

    1

    700

    %

    Income (loss) before income taxes

    17,754

    (55,827

    )

    *

    Capital expenditures

    Media

    $

    2,899

    $

    2,360

    Advertising Technology & Services

    998

    24

    Consolidated

    $

    3,897

    $

    2,384

    Entravision Communications Corporation

    Consolidated Statements of Operations (Unaudited)

    (In thousands, except share and per share data)

    Three-Month Period

    Ended March 31,

    2026

    2025

    Net revenue

    $

    196,971

    $

    91,851

    Expenses:

    Cost of revenue

    101,954

    33,472

    Direct operating expenses

    44,799

    35,502

    Selling, general and administrative expenses

    18,139

    15,506

    Corporate expenses

    7,173

    7,788

    Depreciation and amortization

    2,991

    3,477

    Impairment charge

    —

    23,673

    Loss on lease abandonment

    —

    25,191

    Restructuring costs

    983

    —

    Foreign currency (gain) loss

    243

    12

    Total expenses

    176,282

    144,621

    Operating income (loss)

    20,689

    (52,770

    )

    Interest expense

    (3,315

    )

    (3,663

    )

    Interest income

    358

    605

    Dividend income

    14

    —

    Realized gain (loss) on marketable securities

    8

    1

    Income (loss) before income taxes

    17,754

    (55,827

    )

    Income tax benefit (expense)

    (5,394

    )

    8,052

    Net income (loss) from continuing operations

    12,360

    (47,775

    )

    Net income (loss) from discontinued operations, net of tax

    —

    (191

    )

    Net income (loss) attributable to common stockholders

    $

    12,360

    $

    (47,966

    )

    Basic and diluted earnings per share:

    Net income (loss) per share from continuing operations, basic and diluted

    $

    0.13

    $

    (0.53

    )

    Net income (loss) per share from discontinued operations, basic and diluted

    $

    –

    $

    (0.00

    )

    Net income (loss) per share attributable to common stockholders, basic and diluted

    $

    0.13

    $

    (0.53

    )

    Cash dividends declared per common share, basic and diluted

    $

    0.05

    $

    0.05

    Weighted average common shares outstanding, basic

    91,985,480

    90,976,288

    Weighted average common shares outstanding, diluted

    96,420,181

    90,976,288

    Entravision Communications Corporation

    Consolidated Balance Sheets (Unaudited)

    (In thousands)

    March 31,

    December 31,

    2026

    2025

    ASSETS

    Current assets

    Cash and cash equivalents

    $

    68,171

    $

    59,439

    Marketable securities

    2,973

    3,762

    Restricted cash

    799

    797

    Trade receivables, net of allowance for doubtful accounts

    128,102

    94,912

    Prepaid expenses and other current assets

    24,876

    18,974

    Assets held for sale

    5,415

    5,597

    Total current assets

    230,336

    183,481

    Property and equipment, net

    46,256

    44,797

    Intangible assets subject to amortization, net

    2,139

    2,593

    Intangible assets not subject to amortization

    123,275

    123,275

    Goodwill

    7,352

    7,352

    Deferred income taxes

    3,824

    3,823

    Operating leases right of use asset

    20,005

    18,807

    Other assets

    3,205

    3,383

    Total assets

    $

    436,392

    $

    387,511

    LIABILITIES AND STOCKHOLDERS’ EQUITY

    Current liabilities

    Current maturities of long-term debt

    $

    20,000

    $

    20,000

    Accounts payable and accrued expenses

    133,526

    91,736

    Operating lease liabilities

    10,512

    9,737

    Total current liabilities

    164,038

    121,473

    Long-term debt, less current maturities, net of unamortized debt issuance costs

    142,195

    147,119

    Long-term operating lease liabilities

    37,404

    36,775

    Other long-term liabilities

    13,048

    12,197

    Deferred income taxes

    14,744

    14,505

    Total liabilities

    371,429

    332,069

    Stockholders’ equity

    Class A common stock

    8

    8

    Class U common stock

    1

    1

    Additional paid-in capital

    801,268

    804,075

    Accumulated deficit

    (735,527

    )

    (747,887

    )

    Accumulated other comprehensive income (loss)

    (787

    )

    (755

    )

    Total stockholders’ equity

    64,963

    55,442

    Total liabilities and equity

    $

    436,392

    $

    387,511

    Entravision Communications Corporation

    Consolidated Statements of Cash Flows (Unaudited)

    (In thousands)

    Three-Month Period

    Ended March 31,

    2026

    2025

    Cash flows from operating activities:

    Net income (loss) attributable to common stockholders

    $

    12,360

    $

    (47,966

    )

    Adjustments to reconcile net income (loss) to net cash provided by operating activities:

    Depreciation and amortization

    2,991

    3,477

    Impairment charge

    —

    23,673

    Loss on lease abandonment

    —

    25,191

    Deferred income taxes

    240

    (1,467

    )

    Non-cash interest

    423

    176

    Amortization of syndication contracts

    99

    110

    Payments on syndication contracts

    (67

    )

    (109

    )

    Non-cash stock-based compensation

    3,252

    2,613

    (Gain) loss on marketable securities

    (8

    )

    (1

    )

    (Gain) loss on disposal of property and equipment

    87

    4

    Changes in assets and liabilities:

    (Increase) decrease in accounts receivable

    (32,682

    )

    (10,460

    )

    (Increase) decrease in prepaid expenses and other current assets, operating leases right of use asset and other assets

    (4,476

    )

    (9,529

    )

    Increase (decrease) in accounts payable, accrued expenses and other liabilities

    39,565

    (956

    )

    Net cash provided by (used in) operating activities

    21,784

    (15,244

    )

    Cash flows from investing activities:

    Purchases of property and equipment

    (3,637

    )

    (2,643

    )

    Purchases of marketable securities

    (2

    )

    (218

    )

    Proceeds from sale of marketable securities

    760

    386

    Net cash provided by (used in) investing activities

    (2,879

    )

    (2,475

    )

    Cash flows from financing activities:

    Tax payments related to shares withheld for share-based compensation plans

    (538

    )

    —

    Payments on debt

    (5,000

    )

    —

    Dividends paid

    (4,602

    )

    (4,549

    )

    Principal payments under finance lease obligation

    (31

    )

    (33

    )

    Net cash provided by (used in) financing activities

    (10,171

    )

    (4,582

    )

    Net increase (decrease) in cash, cash equivalents and restricted cash

    8,734

    (22,301

    )

    Cash, cash equivalents and restricted cash:

    Beginning

    60,236

    96,700

    Ending

    $

    68,970

    $

    74,399
  • Entravision Communications Corporation Reports Fourth Quarter and Full Year 2025 Results

    Entravision Communications Corporation Reports Fourth Quarter and Full Year 2025 Results

    BURBANK, Calif.–(BUSINESS WIRE)–
    Entravision Communications Corporation (NYSE: EVC), a media and advertising technology company, today announced financial results for its fourth quarter and fiscal year ended December 31, 2025.

    “Our Media segment net revenue declined 32% in the fourth quarter of 2025 year-over-year, primarily due to lower political revenue. These results included a 4% increase in local advertising revenue and a 5% decline in national advertising revenue, excluding political revenue,” said Michael Christenson, Chief Executive Officer. “Our Advertising Technology & Services segment net revenue increased 123% in the fourth quarter of 2025 year-over-year. This performance was driven by our strategic investments in the AI capabilities of our platform and expanded sales capacity. Our Advertising Technology & Services segment had higher monthly active advertisers and higher revenue per monthly active advertiser.”

    Mr. Christenson continued, “We repaid $5 million on our bank term loan in the fourth quarter of 2025, bringing our total reduction during the full year to $20 million. We remain committed to reducing our debt and maintaining a strong balance sheet.”

    Highlights

    Entravision reports its operating results for two segments. The Media segment provides video, audio and digital marketing services to local and national advertisers in the U.S. The Advertising Technology & Services (“ATS”) segment provides programmatic advertising technology and services to advertisers and mobile app developers on a global basis.

    • Consolidated net revenue increased 26% for fourth quarter 2025 compared to fourth quarter 2024, and increased 23% for full year 2025 compared to full year 2024.
      • Media segment net revenue decreased 32% for fourth quarter 2025 compared to fourth quarter 2024, and decreased 20% for full year 2025 compared to full year 2024, primarily due to decreases in political advertising revenue, retransmission consent revenue, and spectrum usage rights revenue, partially offset by an increase in digital advertising revenue.
      • ATS segment net revenue increased 123% for fourth quarter 2025 compared to fourth quarter 2024, and increased 90% for full year 2025 compared to full year 2024, primarily due to increases in advertising revenue including advertising spend per client.
    • Segment operating profit was $11.9 million for fourth quarter 2025, a decrease of 43% compared to fourth quarter 2024. Segment operating profit was $27.6 million for full year 2025, a decrease of 41% compared to full year 2024.
      • Media segment operating loss was $0.4 million for fourth quarter 2025, compared to operating profit of $18.5 million for fourth quarter 2024. Media segment operating loss was $6.2 million for full year 2025, compared to operating profit of $38.7 million for full year 2024.
      • ATS segment operating profit was $12.3 million for fourth quarter 2025, an increase of 464% compared to fourth quarter 2024. ATS segment operating profit was $33.8 million for full year 2025, an increase of 317% compared to full year 2024.
    • Corporate expenses decreased 13% for fourth quarter 2025 compared to fourth quarter 2024, primarily due to expense reductions in rent and professional services. Corporate expenses decreased 28% for full year 2025 compared to full year 2024, primarily due to expense reductions in salaries, non-cash stock-based compensation, rent and professional services.
    • The company made a $5.0 million scheduled debt payment and paid a dividend of $4.6 million in fourth quarter 2025.
    • The company had $63.2 million in cash and cash equivalents and marketable securities as of December 31, 2025, compared to $100.6 million as of December 31, 2024. Net cash provided by operating activities was $9.8 million and $10.6 million for fourth quarter and full year 2025, respectively.
    • Entravision’s board of directors approved a quarterly cash dividend to shareholders of $0.05 per share on the company’s Class A and Class U common stock. The dividend is payable on March 31, 2026 to shareholders of record as of the close of business on March 17, 2026.

    Notice of Conference Call

    Entravision will host a webinar to discuss its fourth quarter and full year 2025 results on Thursday, March 5, 2026 at 5:00 p.m. Eastern Time. The webinar may be accessed on company’s Investor Relations website at investor.entravision.com or via webinar registration. The webinar will also be archived on the company’s Investor Relations website under the Events section.

    About Entravision Communications Corporation

    Entravision is a media and advertising technology company. In the U.S., we provide video, audio and digital marketing services to local and national advertisers through a portfolio of television and radio stations and digital advertising services that target Latino audiences. Our advertising technology business provides programmatic advertising technology and services to advertisers and app developers on a global basis. Entravision is the largest affiliate group of the Univision and UniMás television networks. Shares of Entravision Class A Common Stock trade on the NYSE under the ticker: EVC. Learn more about us at entravision.com.

    Forward-Looking Statements

    This press release contains certain forward-looking statements. These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this press release. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that actual results will not differ materially from these expectations, and the Company disclaims any duty to update any forward-looking statements made by the Company. From time to time, these risks, uncertainties and other factors are discussed in the Company’s filings with the Securities and Exchange Commission.

    Entravision Communications Corporation

    Segment Results (Unaudited)

    (In thousands)

    Three-Month Ended

    Year Ended

    December 31,

    December 31,

    2025

    2024

    % Change

    2025

    2024

    % Change

    Net Revenue

    Media

    $

    45,764

    $

    67,260

    (32

    )%

    $

    176,659

    $

    222,061

    (20

    )%

    Advertising Technology & Services

    88,614

    39,702

    123

    %

    270,935

    142,887

    90

    %

    Consolidated

    134,378

    106,962

    26

    %

    447,594

    364,948

    23

    %

    Cost of revenue

    Media

    $

    5,308

    $

    4,838

    10

    %

    $

    18,240

    $

    16,726

    9

    %

    Advertising Technology & Services

    56,336

    23,475

    140

    %

    165,872

    85,470

    94

    %

    Consolidated

    61,644

    28,313

    118

    %

    184,112

    102,196

    80

    %

    Direct operating expenses

    Media

    27,642

    28,583

    (3

    )%

    109,583

    110,988

    (1

    )%

    Advertising Technology & Services

    14,699

    8,505

    73

    %

    47,219

    25,274

    87

    %

    Consolidated

    42,341

    37,088

    14

    %

    156,802

    136,262

    15

    %

    Selling, general and administrative expenses

    Media

    10,586

    12,159

    (13

    )%

    43,995

    42,759

    3

    %

    Advertising Technology & Services

    5,197

    4,900

    6

    %

    22,775

    20,109

    13

    %

    Consolidated

    15,783

    17,059

    (7

    )%

    66,770

    62,868

    6

    %

    Depreciation and amortization

    Media

    2,656

    3,135

    (15

    )%

    11,041

    12,891

    (14

    )%

    Advertising Technology & Services

    52

    637

    (92

    )%

    1,301

    3,930

    (67

    )%

    Consolidated

    2,708

    3,772

    (28

    )%

    12,342

    16,821

    (27

    )%

    Segment operating profit (loss)

    Media

    (428

    )

    18,545

    *

    (6,200

    )

    38,697

    *

    Advertising Technology & Services

    12,330

    2,185

    464

    %

    33,768

    8,104

    317

    %

    Consolidated

    11,902

    20,730

    (43

    )%

    27,568

    46,801

    (41

    )%

    Corporate expenses

    6,523

    7,509

    (13

    )%

    27,026

    37,498

    (28

    )%

    Change in fair value of contingent consideration

    —

    1

    (100

    )%

    —

    (629

    )

    (100

    )%

    Impairment charge

    26,002

    61,220

    (58

    )%

    55,380

    61,220

    (10

    )%

    Loss on lease abandonment

    —

    —

    *

    25,191

    —

    *

    Restructuring costs

    (375

    )

    —

    *

    2,813

    —

    *

    Foreign currency (gain) loss

    413

    572

    (28

    )%

    523

    692

    (24

    )%

    Operating income (loss)

    (20,661

    )

    (48,572

    )

    (57

    )%

    (83,365

    )

    (51,980

    )

    60

    %

    Interest expense

    (3,618

    )

    (3,824

    )

    (5

    )%

    (15,121

    )

    (16,472

    )

    (8

    )%

    Interest income

    488

    657

    (26

    )%

    2,286

    2,458

    (7

    )%

    Dividend income

    7

    —

    *

    9

    10

    (10

    )%

    Realized gain (loss) on marketable securities

    1

    —

    *

    7

    (110

    )

    *

    Gain (loss) on debt extinguishment

    —

    —

    *

    (214

    )

    (91

    )

    135

    %

    Income (loss) before income taxes from continuing operations

    $

    (23,783

    )

    $

    (51,739

    )

    (54

    )%

    $

    (96,398

    )

    $

    (66,185

    )

    46

    %

    Capital expenditures

    Media

    $

    1,113

    $

    2,543

    $

    6,597

    $

    7,089

    Advertising Technology & Services

    96

    74

    183

    372

    Consolidated

    $

    1,209

    $

    2,617

    $

    6,780

    $

    7,461

    Entravision Communications Corporation

    Consolidated Statements of Operations (Unaudited)

    (In thousands, except share and per share data)

    Three-Month Period

    Twelve-Month Period

    Ended December 31,

    Ended December 31,

    2025

    2024

    2025

    2024

    Net revenue

    $

    134,378

    $

    106,962

    $

    447,594

    $

    364,948

    Expenses:

    Cost of revenue

    61,644

    28,313

    184,112

    102,196

    Direct operating expenses

    42,341

    37,088

    156,802

    136,262

    Selling, general and administrative expenses

    15,783

    17,059

    66,770

    62,868

    Corporate expenses

    6,523

    7,509

    27,026

    37,498

    Depreciation and amortization

    2,708

    3,772

    12,342

    16,821

    Change in fair value of contingent consideration

    —

    1

    —

    (629

    )

    Impairment charge

    26,002

    61,220

    55,380

    61,220

    Loss on lease abandonment

    —

    —

    25,191

    —

    Restructuring costs

    (375

    )

    —

    2,813

    —

    Foreign currency (gain) loss

    413

    572

    523

    692

    155,039

    155,534

    530,959

    416,928

    Operating income (loss)

    (20,661

    )

    (48,572

    )

    (83,365

    )

    (51,980

    )

    Interest expense

    (3,618

    )

    (3,824

    )

    (15,121

    )

    (16,472

    )

    Interest income

    488

    657

    2,286

    2,458

    Dividend income

    7

    —

    9

    10

    Realized gain (loss) on marketable securities

    1

    —

    7

    (110

    )

    Gain (loss) on debt extinguishment

    —

    —

    (214

    )

    (91

    )

    Income before income taxes

    (23,783

    )

    (51,739

    )

    (96,398

    )

    (66,185

    )

    Income tax (expense) benefit

    6,319

    (3,932

    )

    18,000

    (4,105

    )

    Net income (loss) from continuing operations

    (17,464

    )

    (55,671

    )

    (78,398

    )

    (70,290

    )

    Income (loss) from discontinued operations

    (741

    )

    (687

    )

    (769

    )

    (78,618

    )

    Net income (loss) attributable to common stockholders

    $

    (18,205

    )

    $

    (56,358

    )

    $

    (79,167

    )

    $

    (148,908

    )

    Basic and diluted earnings (loss) per share:

    Net income (loss) per share attributable to common stockholders, basic and diluted

    $

    (0.20

    )

    $

    (0.62

    )

    $

    (0.87

    )

    $

    (1.66

    )

    Cash dividends declared per common share, basic and diluted

    $

    0.05

    $

    0.05

    $

    0.20

    $

    0.20

    Weighted average common shares outstanding, basic and diluted

    91,136,401

    90,175,742

    91,016,645

    89,876,538

    Entravision Communications Corporation

    Consolidated Balance Sheets (Unaudited)

    (In thousands)

    December 31,

    December 31,

    2025

    2024

    ASSETS

    Current assets

    Cash and cash equivalents

    $

    59,439

    $

    95,914

    Marketable securities

    3,762

    4,694

    Restricted Cash

    797

    786

    Trade receivables, net of allowance for doubtful accounts

    94,912

    68,319

    Assets held for sale

    5,597

    —

    Prepaid expenses and other current assets

    18,974

    16,587

    Total current assets

    183,481

    186,300

    Property and equipment, net

    44,797

    60,616

    Intangible assets subject to amortization, net

    2,593

    4,417

    Intangible assets not subject to amortization

    123,275

    177,276

    Goodwill

    7,352

    7,352

    Deferred income taxes

    3,823

    2,650

    Operating leases right of use asset

    18,807

    40,762

    Other assets

    3,383

    7,905

    Total assets

    $

    387,511

    $

    487,278

    LIABILITIES AND STOCKHOLDERS’ EQUITY

    Current liabilities

    Current maturities of long-term debt

    $

    20,000

    $

    –

    Accounts payable and accrued expenses

    91,736

    53,882

    Operating lease liabilities

    9,737

    7,744

    Total current liabilities

    121,473

    61,626

    Long-term debt, less current maturities, net of unamortized debt issuance costs

    147,119

    186,958

    Long-term operating lease liabilities

    36,775

    42,101

    Other long-term liabilities

    12,197

    12,168

    Deferred income taxes

    14,505

    38,405

    Total liabilities

    332,069

    341,258

    Stockholders’ equity

    Class A common stock

    8

    8

    Class U common stock

    1

    1

    Additional paid-in capital

    804,075

    815,532

    Accumulated deficit

    (747,887

    )

    (668,720

    )

    Accumulated other comprehensive income (loss)

    (755

    )

    (801

    )

    Total stockholders’ equity

    55,442

    146,020

    Total liabilities and equity

    $

    387,511

    $

    487,278

    Entravision Communications Corporation

    Consolidated Statements of Cash Flows (Unaudited)

    (In thousands)

    Three-Month Period

    Twelve-Month Period

    Ended December 31,

    Ended December 31,

    2025

    2024

    2025

    2024

    Cash flows from operating activities:

    Net income (loss)

    $

    (18,205

    )

    $

    (56,358

    )

    $

    (79,167

    )

    $

    (148,908

    )

    Adjustments to reconcile net income (loss) to net cash provided by operating activities:

    Depreciation and amortization

    2,708

    3,772

    12,342

    20,779

    Impairment charge

    26,002

    61,220

    55,380

    110,658

    Loss on lease abandonment

    —

    —

    25,191

    —

    Deferred income taxes

    (12,779

    )

    (6,995

    )

    (25,079

    )

    (10,281

    )

    Non-cash interest

    415

    61

    1,410

    284

    Amortization of syndication contracts

    99

    111

    427

    450

    Payments on syndication contracts

    (100

    )

    (114

    )

    (390

    )

    (451

    )

    Non-cash stock-based compensation

    2,878

    1,426

    10,980

    13,848

    (Gain) loss on marketable securities

    (1

    )

    —

    (7

    )

    110

    (Gain) loss on disposal of property and equipment

    186

    71

    199

    277

    Loss (gain) on the sale of businesses

    —

    48

    —

    45,187

    (Gain) loss on debt extinguishment

    —

    —

    214

    91

    Change in fair value of contingent consideration

    —

    —

    —

    (13,198

    )

    Net income (loss) attributable to redeemable noncontrolling interest – discontinued operations

    —

    —

    —

    (2,779

    )

    Changes in assets and liabilities, net of businesses acquired and disposed of:

    (Increase) decrease in trade receivables, net

    (5,644

    )

    (519

    )

    (26,197

    )

    10,092

    (Increase) decrease in prepaid expenses and other current assets, operating leases right of use asset and other assets

    5,746

    11,806

    8,104

    9,878

    Increase (decrease) in accounts payable, accrued expenses and other liabilities

    8,483

    (1,746

    )

    27,242

    38,668

    Net cash provided by (used in) operating activities

    9,788

    12,783

    10,649

    74,705

    Cash flows from investing activities:

    Proceeds from sale of assets/business, net of cash divested

    —

    2,486

    —

    (40,481

    )

    Purchases of property and equipment

    (1,115

    )

    (2,174

    )

    (7,135

    )

    (8,463

    )

    Purchases of marketable securities

    (12

    )

    (2,303

    )

    (1,551

    )

    (2,303

    )

    Proceeds from sale of marketable securities

    933

    408

    2,552

    10,789

    Proceeds from loan receivable

    —

    2,888

    —

    13,636

    Net cash provided by (used in) investing activities

    (194

    )

    1,305

    (6,134

    )

    (26,822

    )

    Cash flows from financing activities:

    Tax payments related to shares withheld for share-based compensation plans

    (2,318

    )

    (2,537

    )

    (2,318

    )

    (2,564

    )

    Payments on debt

    (5,000

    )

    —

    (20,000

    )

    (20,275

    )

    Dividends paid

    (4,552

    )

    (4,504

    )

    (18,199

    )

    (17,975

    )

    Distributions to noncontrolling interest

    —

    —

    —

    (1,078

    )

    Payment of contingent consideration

    —

    (1,350

    )

    —

    (15,650

    )

    Principal payments under finance lease obligation

    (38

    )

    (38

    )

    (137

    )

    (148

    )

    Payments for debt issuance costs

    —

    —

    (325

    )

    —

    Net cash provided by (used in) financing activities

    (11,908

    )

    (8,429

    )

    (40,979

    )

    (57,690

    )

    Effect of exchange rates on cash, cash equivalents and restricted cash

    —

    —

    —

    (2

    )

    Net increase (decrease) in cash, cash equivalents and restricted cash

    (2,314

    )

    5,659

    (36,464

    )

    (9,809

    )

    Cash, cash equivalents and restricted cash:

    Beginning

    62,550

    91,041

    96,700

    106,509

    Ending

    $

    60,236

    $

    96,700

    $

    60,236

    $

    96,700
  • Entravision to Announce Fourth Quarter and Full Year 2025 Financial Results

    Entravision to Announce Fourth Quarter and Full Year 2025 Financial Results

    BURBANK, Calif.–(BUSINESS WIRE)–
    Entravision (NYSE: EVC), a media and advertising technology company, announced today that it will release its fourth quarter and full year 2025 financial results after market close on Thursday, March 5, 2026. The company will host a webinar to discuss its results followed by a question-and-answer session at 2 p.m. PT / 5 p.m. ET the same day.

    The webinar may be accessed on the company’s Investor Relations website at investor.entravision.com or via webinar registration.

    The webinar will also be archived on the company’s Investor Relations website under the Events section.

    About Entravision

    Entravision (NYSE: EVC) is a media and advertising technology company. In the U.S., we maintain a diversified portfolio of television and radio stations and digital advertising services that target Latino audiences. Our advertising technology business consists of Smadex, our programmatic ad purchasing platform, and Adwake, our mobile growth solutions business. Entravision is the largest affiliate group of the Univision and UniMás television networks. Shares of Entravision Class A Common Stock trade on the NYSE under ticker: EVC. Learn more about our offerings at entravision.com.

  • Entravision Communications Corporation Reports Third Quarter 2025 Results

    Entravision Communications Corporation Reports Third Quarter 2025 Results

    BURBANK, Calif.–(BUSINESS WIRE)–
    Entravision Communications Corporation (NYSE: EVC), a media and advertising technology company, today announced financial results for its third quarter ended September 30, 2025.

    “Our Media segment net revenue declined 26% in the third quarter of 2025 year-over-year, primarily due to lower political revenue and weaker revenue from national television and radio advertisers. Average monthly advertisers and revenue per average monthly advertiser for our local media operations in the third quarter of 2025 were flat year-over-year,” said Michael Christenson, Chief Executive Officer. “Net revenue for our Advertising Technology & Services (“ATS”) segment increased 104% in the third quarter of 2025 year-over-year. Investments in the AI capabilities of our platform and increased sales capacity enabled ATS to increase monthly active advertisers and revenue per monthly active advertiser.”

    Mr. Christenson continued, “We repaid $5 million on our bank term loan in the third quarter of 2025, bringing our total reduction to $15 million so far for the year. We are committed to reducing our debt and maintaining a strong balance sheet.”

    Highlights

    Entravision currently reports its operating results for two segments. The Media segment provides video, audio and digital marketing services to local and national advertisers in the U.S. The Advertising Technology & Services segment provides programmatic advertising technology and services to advertisers and mobile app developers on a global basis.

    • Consolidated net revenue increased 24% for third quarter 2025 compared to third quarter 2024.
      • Media segment net revenue decreased 26% for third quarter 2025 compared to third quarter 2024, primarily due to decreases in broadcast advertising revenue, retransmission consent revenue, and spectrum usage rights revenue, partially offset by an increase in digital advertising revenue.
      • Advertising Technology & Services segment net revenue increased 104% for third quarter 2025 compared to third quarter 2024, primarily due to increases in advertising revenue including advertising spend per client.
    • Segment operating profit was $6.2 million for third quarter 2025, a decrease of 55% compared to third quarter 2024.
      • Media segment operating loss was $3.5 million for third quarter 2025, compared to operating profit of $11.7 million in third quarter 2024.
      • Advertising Technology & Services segment operating profit was $9.8 million for third quarter 2025, an increase of 378% compared to third quarter 2024.
    • Corporate expenses decreased 9% for third quarter 2025 compared to third quarter 2024, primarily due to expense reductions in rent and professional services.
    • During third quarter 2025 the Company’s management began to implement an ongoing organization design plan intended to support revenue growth and reduce expenses, primarily in the Company’s media operations. As a result, the Company recorded a restructuring charge of $3.2 million in the third quarter of 2025. Key components of this plan in the media segment include a reduction of approximately 5% of the Company’s media segment workforce, primarily in back-office roles, and the abandonment of certain leased facilities, with impacted employees transitioning to remote work, and the shutdown of certain legacy international operations within the advertising technology & services segment.
    • The company entered into a strategic amendment to its credit agreement on July 15, 2025, intended to accelerate debt reduction and provide additional financial stability and flexibility.
    • The company made a $5 million scheduled debt payment and paid a dividend of $4.5 million in third quarter 2025.
    • The company had $66.4 million in cash and cash equivalents and marketable securities as of September 30, 2025, compared to $100.6 million as of December 31, 2024. Net cash provided by operating activities was $8.3 million for third quarter 2025.
    • Entravision’s board of directors approved a quarterly cash dividend to shareholders of $0.05 per share on the company’s Class A and Class U common stock. The dividend is payable on December 31, 2025 to shareholders of record as of the close of business on December 16, 2025.

    Notice of Conference Call

    Entravision will host a webinar to discuss its third quarter 2025 results on Tuesday, November 4, 2025 at 5:00 p.m. Eastern Time. The webinar may be accessed on company’s Investor Relations website at investor.entravision.com or via webinar registration. The webinar will also be archived on the company’s Investor Relations website under the Events section.

    About Entravision Communications Corporation

    Entravision is a media and advertising technology company. In the U.S., we provide video, audio and digital marketing services to local and national advertisers through a portfolio of television and radio stations and digital advertising services that target Latino audiences. Our advertising technology business provides programmatic advertising technology and services to advertisers and app developers on a global basis. Entravision is the largest affiliate group of the Univision and UniMás television networks. Shares of Entravision Class A Common Stock trade on the NYSE under the ticker: EVC. Learn more about us at entravision.com.

    Forward-Looking Statements

    This press release contains certain forward-looking statements. These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this press release. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that actual results will not differ materially from these expectations, and the Company disclaims any duty to update any forward-looking statements made by the Company. From time to time, these risks, uncertainties and other factors are discussed in the Company’s filings with the Securities and Exchange Commission.

    Entravision Communications Corporation

    Segment Results (Unaudited)

    (In thousands)

    Three-Month Period

    Nine-Month Period

    Ended September 30,

    %

    Ended September 30,

    %

    2025

    2024

    Change

    2025

    2024

    Change

    Net revenue

    Media

    $

    44,505

    $

    59,802

    (26

    )%

    $

    130,895

    $

    154,801

    (15

    )%

    Advertising Technology & Services

    76,125

    37,354

    104

    %

    182,321

    103,185

    77

    %

    Consolidated

    120,630

    97,156

    24

    %

    313,216

    257,986

    21

    %

    Cost of revenue

    Media

    5,015

    4,881

    3

    %

    12,932

    11,888

    9

    %

    Advertising Technology & Services

    45,971

    21,920

    110

    %

    109,536

    61,995

    77

    %

    Consolidated

    50,986

    26,801

    90

    %

    122,468

    73,883

    66

    %

    Direct operating expenses

    Media

    28,596

    29,193

    (2

    )%

    81,941

    82,405

    (1

    )%

    Advertising Technology & Services

    12,651

    6,424

    97

    %

    32,520

    16,769

    94

    %

    Consolidated

    41,247

    35,617

    16

    %

    114,461

    99,174

    15

    %

    Selling, general and administrative expenses

    Media

    11,598

    10,860

    7

    %

    33,409

    30,600

    9

    %

    Advertising Technology & Services

    7,430

    6,252

    19

    %

    17,578

    15,209

    16

    %

    Consolidated

    19,028

    17,112

    11

    %

    50,987

    45,809

    11

    %

    Depreciation and amortization

    Media

    2,808

    3,165

    (11

    )%

    8,385

    9,756

    (14

    )%

    Advertising Technology & Services

    322

    717

    (55

    )%

    1,249

    3,293

    (62

    )%

    Consolidated

    3,130

    3,882

    (19

    )%

    9,634

    13,049

    (26

    )%

    Segment operating profit (loss)

    Media

    (3,512

    )

    11,703

    *

    (5,772

    )

    20,152

    *

    Advertising Technology & Services

    9,751

    2,041

    378

    %

    21,438

    5,919

    262

    %

    Consolidated

    6,239

    13,744

    (55

    )%

    15,666

    26,071

    (40

    )%

    Corporate expenses

    6,340

    6,930

    (9

    )%

    20,503

    29,989

    (32

    )%

    Change in fair value of contingent consideration

    –

    (650

    )

    (100

    )%

    –

    (630

    )

    (100

    )%

    Impairment charge

    5,705

    –

    *

    29,378

    –

    *

    Loss on lease abandonment

    –

    –

    *

    25,191

    –

    *

    Restructuring costs

    3,188

    –

    *

    3,188

    –

    *

    Foreign currency (gain) loss

    92

    (121

    )

    *

    110

    120

    (8

    )%

    Operating income (loss)

    (9,086

    )

    7,585

    *

    (62,704

    )

    (3,408

    )

    1,740

    %

    Interest expense

    $

    (3,803

    )

    $

    (4,087

    )

    (7

    )%

    $

    (11,503

    )

    $

    (12,648

    )

    (9

    )%

    Interest income

    574

    646

    (11

    )%

    1,798

    1,801

    (0

    )%

    Dividend income

    1

    –

    *

    2

    10

    (80

    )%

    Realized gain (loss) on marketable securities

    2

    (1

    )

    *

    6

    (110

    )

    *

    Gain (loss) on debt extinguishment

    (176

    )

    –

    *

    (214

    )

    (91

    )

    135

    %

    Income (loss) before income taxes

    (12,488

    )

    4,143

    *

    (72,615

    )

    (14,446

    )

    403

    %

    Capital expenditures

    Media

    $

    1,154

    $

    1,020

    $

    5,484

    $

    4,546

    Advertising Technology & Services

    33

    31

    87

    298

    Consolidated

    $

    1,187

    $

    1,051

    $

    5,571

    $

    4,844

    Entravision Communications Corporation

    Consolidated Statements of Operations (Unaudited)

    (In thousands, except share and per share data)

    Three-Month Period

    Nine-Month Period

    Ended September 30,

    Ended September 30,

    2025

    2024

    2025

    2024

    Net revenue

    $

    120,630

    $

    97,156

    $

    313,216

    $

    257,986

    Expenses:

    Cost of revenue

    50,986

    26,801

    122,468

    73,883

    Direct operating expenses

    41,247

    35,617

    114,461

    99,174

    Selling, general and administrative expenses

    19,028

    17,112

    50,987

    45,809

    Corporate expenses

    6,340

    6,930

    20,503

    29,989

    Depreciation and amortization

    3,130

    3,882

    9,634

    13,049

    Change in fair value of contingent consideration

    —

    (650

    )

    —

    (630

    )

    Impairment charge

    5,705

    —

    29,378

    —

    Loss on lease abandonment

    —

    —

    25,191

    —

    Restructuring costs

    3,188

    —

    3,188

    —

    Foreign currency (gain) loss

    92

    (121

    )

    110

    120

    Total expenses

    129,716

    89,571

    375,920

    261,394

    Operating income (loss)

    (9,086

    )

    7,585

    (62,704

    )

    (3,408

    )

    Interest expense

    (3,803

    )

    (4,087

    )

    (11,503

    )

    (12,648

    )

    Interest income

    574

    646

    1,798

    1,801

    Dividend income

    1

    —

    2

    10

    Realized gain (loss) on marketable securities

    2

    (1

    )

    6

    (110

    )

    Gain (loss) on debt extinguishment

    (176

    )

    —

    (214

    )

    (91

    )

    Income (loss) before income taxes

    (12,488

    )

    4,143

    (72,615

    )

    (14,446

    )

    Income tax benefit (expense)

    2,829

    (14,984

    )

    11,681

    (173

    )

    Net income (loss) from continuing operations

    (9,659

    )

    (10,841

    )

    (60,934

    )

    (14,619

    )

    Net income (loss) from discontinued operations, net of tax

    –

    (1,139

    )

    (28

    )

    (77,931

    )

    Net income (loss) attributable to common stockholders

    $

    (9,659

    )

    $

    (11,980

    )

    $

    (60,962

    )

    $

    (92,550

    )

    Basic and diluted earnings per share:

    Net income (loss) per share from continuing operations, basic and diluted

    $

    (0.11

    )

    $

    (0.12

    )

    $

    (0.67

    )

    $

    (0.16

    )

    Net income (loss) per share from discontinued operations, basic and diluted

    $

    –

    $

    (0.01

    )

    $

    (0.00

    )

    $

    (0.87

    )

    Net income (loss) per share attributable to common stockholders, basic and diluted

    $

    (0.11

    )

    $

    (0.13

    )

    $

    (0.67

    )

    $

    (1.03

    )

    Cash dividends declared per common share, basic and diluted

    $

    0.05

    $

    0.05

    $

    0.15

    $

    0.15

    Weighted average common shares outstanding, basic and diluted

    90,976,288

    89,987,110

    90,976,288

    89,776,075

    Entravision Communications Corporation

    Consolidated Balance Sheets (Unaudited)

    (In thousands)

    September 30,

    December 31,

    2025

    2024

    ASSETS

    Current assets

    Cash and cash equivalents

    $

    61,755

    $

    95,914

    Marketable securities

    4,683

    4,694

    Restricted cash

    795

    786

    Trade receivables, net of allowance for doubtful accounts

    88,985

    68,319

    Prepaid expenses and other current assets

    22,671

    16,587

    Assets held for sale

    5,597

    —

    Total current assets

    184,486

    186,300

    Property and equipment, net

    45,911

    60,616

    Intangible assets subject to amortization, net

    3,050

    4,417

    Intangible assets not subject to amortization

    149,276

    177,276

    Goodwill

    7,352

    7,352

    Deferred income taxes

    2,924

    2,650

    Operating leases right of use asset

    18,018

    40,762

    Other assets

    3,586

    7,905

    Total assets

    $

    414,603

    $

    487,278

    LIABILITIES AND STOCKHOLDERS’ EQUITY

    Current liabilities

    Current maturities of long-term debt

    $

    20,000

    $

    –

    Accounts payable and accrued expenses

    78,643

    53,882

    Operating lease liabilities

    7,494

    7,744

    Total current liabilities

    106,137

    61,626

    Long-term debt, less current maturities, net of unamortized debt issuance costs

    152,040

    186,958

    Long-term operating lease liabilities

    38,942

    42,101

    Other long-term liabilities

    12,941

    12,168

    Deferred income taxes

    26,378

    38,405

    Total liabilities

    336,438

    341,258

    Stockholders’ equity

    Class A common stock

    8

    8

    Class U common stock

    1

    1

    Additional paid-in capital

    808,598

    815,532

    Accumulated deficit

    (729,682

    )

    (668,720

    )

    Accumulated other comprehensive income (loss)

    (760

    )

    (801

    )

    Total stockholders’ equity

    78,165

    146,020

    Total liabilities and equity

    $

    414,603

    $

    487,278

    Entravision Communications Corporation

    Consolidated Statements of Cash Flows (Unaudited)

    (In thousands)

    Three-Month Period

    Nine-Month Period

    Ended September 30,

    Ended September 30,

    2025

    2024

    2025

    2024

    Cash flows from operating activities:

    Net income (loss) attributable to common stockholders

    $

    (9,659

    )

    $

    (11,980

    )

    $

    (60,962

    )

    $

    (92,550

    )

    Adjustments to reconcile net income (loss) to net cash provided by operating activities:

    Depreciation and amortization

    3,130

    3,882

    9,634

    17,007

    Impairment charge

    5,705

    —

    29,378

    49,438

    Loss on lease abandonment

    —

    —

    25,191

    —

    Deferred income taxes

    (5,421

    )

    (3,500

    )

    (12,300

    )

    (3,286

    )

    Non-cash interest

    415

    63

    995

    223

    Amortization of syndication contracts

    107

    112

    328

    339

    Payments on syndication contracts

    (70

    )

    (108

    )

    (290

    )

    (337

    )

    Non-cash stock-based compensation

    2,804

    3,688

    8,102

    12,422

    (Gain) loss on marketable securities

    (2

    )

    1

    (6

    )

    110

    (Gain) loss on disposal of property and equipment

    7

    23

    13

    206

    Loss (gain) on the sale of businesses

    —

    125

    —

    45,139

    (Gain) loss on debt extinguishment

    176

    —

    214

    91

    Change in fair value of contingent consideration

    —

    (650

    )

    —

    (13,198

    )

    Net income (loss) attributable to redeemable noncontrolling interest – discontinued operations

    —

    —

    —

    (2,779

    )

    Changes in assets and liabilities:

    (Increase) decrease in accounts receivable

    (10,572

    )

    1,025

    (20,553

    )

    10,611

    (Increase) decrease in prepaid expenses and other current assets, operating leases right of use asset and other assets

    3,706

    17,662

    2,358

    (1,928

    )

    Increase (decrease) in accounts payable, accrued expenses and other liabilities

    17,951

    508

    18,759

    40,414

    Net cash provided by (used in) operating activities

    8,277

    10,851

    861

    61,922

    Cash flows from investing activities:

    Proceeds from sale of businesses, net of cash divested

    —

    —

    —

    (42,967

    )

    Purchases of property and equipment

    (1,216

    )

    (1,552

    )

    (6,020

    )

    (6,289

    )

    Purchases of marketable securities

    (574

    )

    —

    (1,539

    )

    —

    Proceeds from sale of marketable securities

    672

    362

    1,619

    10,381

    Proceeds from loan receivable

    —

    —

    —

    10,748

    Net cash provided by (used in) investing activities

    (1,118

    )

    (1,190

    )

    (5,940

    )

    (28,127

    )

    Cash flows from financing activities:

    Tax payments related to shares withheld for share-based compensation plans

    —

    —

    —

    (27

    )

    Payments on debt

    (5,000

    )

    —

    (15,000

    )

    (20,275

    )

    Dividends paid

    (4,549

    )

    (4,499

    )

    (13,647

    )

    (13,471

    )

    Distributions to noncontrolling interest

    —

    —

    —

    (1,078

    )

    Payment of contingent consideration

    —

    —

    —

    (14,300

    )

    Principal payments under finance lease obligation

    (34

    )

    (36

    )

    (99

    )

    (110

    )

    Payments for debt issuance costs

    (325

    )

    —

    (325

    )

    —

    Net cash provided by (used in) financing activities

    (9,908

    )

    (4,535

    )

    (29,071

    )

    (49,261

    )

    Effect of exchange rates on cash, cash equivalents and restricted cash

    —

    —

    —

    (2

    )

    Net increase (decrease) in cash, cash equivalents and restricted cash

    (2,749

    )

    5,126

    (34,150

    )

    (15,468

    )

    Cash, cash equivalents and restricted cash:

    Beginning

    65,299

    85,915

    96,700

    106,509

    Ending

    $

    62,550

    $

    91,041

    $

    62,550

    $

    91,041
  • Entravision Communications Corporation Reports Second Quarter 2025 Results

    Entravision Communications Corporation Reports Second Quarter 2025 Results

    BURBANK, Calif.–(BUSINESS WIRE)–
    Entravision Communications Corporation (NYSE: EVC), a media and advertising technology company, today announced financial results for its second quarter ended June 30, 2025.

    “While our Media segment net revenue decreased 8% compared to the second quarter of 2024, we’re encouraged by the sequential improvement from the first quarter of 2025 and the achievement of positive operating profit, further validating our expanded sales capacity in that segment and tight control of operating expenses,” said Michael Christenson, Chief Executive Officer. “We are also pleased to report the improved performance and execution of our Advertising and Technology Services segment in the second quarter of 2025, with net revenue increasing 66% year-over-year. This growth reflects the successful expansion of our sales capacity and the integration of AI capabilities into our proprietary technology platform.”

    Mr. Christenson continued, “Our balance sheet is strong and we made a voluntary debt prepayment of $10 million in the second quarter of 2025. Furthermore, following the end of the quarter, we entered into an amendment to our credit agreement, to increase our financial stability and accelerate debt reduction.”

    Highlights

    Entravision reports its operating results for two segments. The Media segment provides video, audio and digital marketing services to local and national advertisers in the U.S. The Advertising Technology & Services segment provides programmatic advertising technology and services to advertisers and mobile app developers on a global basis.

    • Consolidated net revenue increased 22% for second quarter 2025 compared to second quarter 2024.
      • Media segment net revenue decreased 8% for second quarter 2025 compared to second quarter 2024, primarily due to a decrease in broadcast advertising revenue and a decrease in retransmission consent revenue, partially offset by an increase in digital advertising revenue, and an increase in spectrum usage rights revenue.
      • Advertising Technology & Services segment net revenue increased 66% for second quarter 2025 compared to second quarter 2024, primarily due to increases in advertising revenue including advertising spend per client.
    • Segment operating profit was $5.5 million for second quarter 2025, a decrease of 28% compared to second quarter 2024.
      • Media segment operating profit was $0.4 million for second quarter 2025, a decrease of 94% compared to second quarter 2024.
      • Advertising Technology & Services segment operating profit was $5.2 million for second quarter 2025, an increase of 190% compared to second quarter 2024.
    • Corporate expenses decreased 41% for second quarter 2025 compared to second quarter 2024, primarily due to expense reductions in salaries and bonus, severance, non-cash compensation, rent and professional services.
    • The company made a $10 million voluntary debt prepayment and paid a dividend of $4.5 million in second quarter 2025.
    • The company entered into a strategic amendment to its credit agreement subsequent to the end of the quarter, on July 15, intended to accelerate debt reduction and provide additional financial stability and flexibility.
    • The company had $69.3 million in cash and cash equivalents and marketable securities as of June 30, 2025, compared to $100.6 million as of December 31, 2024. Net cash provided by operating activities was $7.8 million for second quarter 2025.
    • Entravision’s board of directors approved a quarterly cash dividend to shareholders of $0.05 per share on the company’s Class A and Class U common stock. The dividend is payable on September 30, 2025 to shareholders of record as of the close of business on September 16, 2025.

    Strategic Initiatives

    Entravision is focused on several key strategies and initiatives for 2025 and beyond:

    • Provide Trusted News and Content. We are dedicated to serving our audiences as a trusted provider of news, information and entertainment. We believe local news is an important strategic initiative as a local broadcaster and have doubled our local news production over the past year.
    • Grow Local Sales and Digital Advertising Solutions. In late 2024 and early 2025 we made changes to our Media sales leadership and invested in hiring additional local salespeople and digital marketing specialists to drive growth in local and digital advertising sales.
    • Grow Advertising Technology & Services. Our Advertising Technology & Services business has shown significant revenue growth and future growth potential. Our focus includes continuing to strengthen our proprietary technology platform and algorithms and hire additional key sales personnel, particularly in the U.S.
    • Control Expenses and Drive Cost Efficiencies. Our strategy is to invest in content, technology and local sales in order to drive revenue, while controlling the costs of supporting services and corporate expense.
    • Maintain a Strong Balance Sheet. Entravision is focused on long-term financial stability and flexibility, including maintaining a strong balance sheet with low leverage.

    Notice of Conference Call

    Entravision will hold a conference call to discuss its second quarter 2025 results on Tuesday, August 5, 2025 at 5:00 p.m. Eastern Time. To access the conference call, please dial 1-800-717-1738 or 1-646-307-1865 ten minutes prior to the start time. The call will also be available via live webcast on the “Investor” section of the company’s website at investor.entravision.com.

    About Entravision Communications Corporation

    Entravision is a media and advertising technology company. In the U.S., we provide video, audio and digital marketing services to local and national advertisers through a portfolio of television and radio stations and digital advertising services that target Latino audiences. Our advertising technology business provides programmatic advertising technology and services to advertisers and app developers on a global basis. Entravision is the largest affiliate group of the Univision and UniMás television networks. Shares of Entravision Class A Common Stock trade on the NYSE under the ticker: EVC. Learn more about us at entravision.com.

    Forward-Looking Statements

    This press release contains certain forward-looking statements. These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this press release. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that actual results will not differ materially from these expectations, and the Company disclaims any duty to update any forward-looking statements made by the Company. From time to time, these risks, uncertainties and other factors are discussed in the Company’s filings with the Securities and Exchange Commission.

    Entravision Communications Corporation

    Segment Results (Unaudited)

    (In thousands)

    Three-Month Period

    Six-Month Period

    Ended June 30,

    %

    Ended June 30,

    %

    2025

    2024

    Change

    2025

    2024

    Change

    Net revenue

    Media

    $

    45,413

    $

    49,233

    (8

    )%

    $

    86,390

    $

    94,999

    (9

    )%

    Advertising Technology & Services

    55,322

    33,421

    66

    %

    106,196

    65,831

    61

    %

    Consolidated

    100,735

    82,654

    22

    %

    192,586

    160,830

    20

    %

    Cost of revenue

    Media

    4,651

    4,129

    13

    %

    7,917

    7,007

    13

    %

    Advertising Technology & Services

    33,359

    20,295

    64

    %

    63,565

    40,075

    59

    %

    Consolidated

    38,010

    24,424

    56

    %

    71,482

    47,082

    52

    %

    Direct operating expenses

    Media

    26,795

    26,140

    3

    %

    53,345

    52,763

    1

    %

    Advertising Technology & Services

    10,917

    5,616

    94

    %

    19,869

    10,794

    84

    %

    Consolidated

    37,712

    31,756

    19

    %

    73,214

    63,557

    15

    %

    Selling, general and administrative expenses

    Media

    11,006

    9,764

    13

    %

    21,811

    19,741

    10

    %

    Advertising Technology & Services

    5,447

    4,599

    18

    %

    10,148

    8,956

    13

    %

    Consolidated

    16,453

    14,363

    15

    %

    31,959

    28,697

    11

    %

    Depreciation and amortization

    Media

    2,607

    3,304

    (21

    )%

    5,577

    6,591

    (15

    )%

    Advertising Technology & Services

    420

    1,124

    (63

    )%

    927

    2,576

    (64

    )%

    Consolidated

    3,027

    4,428

    (32

    )%

    6,504

    9,167

    (29

    )%

    Segment operating profit (loss)

    Media

    354

    5,896

    (94

    )%

    (2,260

    )

    8,897

    *

    Advertising Technology & Services

    5,179

    1,787

    190

    %

    11,687

    3,430

    241

    %

    Consolidated

    5,533

    7,683

    (28

    )%

    9,427

    12,327

    (24

    )%

    Corporate expenses

    6,375

    10,811

    (41

    )%

    14,163

    23,059

    (39

    )%

    Change in fair value of contingent consideration

    –

    240

    (100

    )%

    –

    20

    (100

    )%

    Impairment charge

    –

    –

    *

    23,673

    –

    *

    Loss on lease abandonment

    –

    –

    *

    25,191

    –

    *

    Foreign currency (gain) loss

    6

    (24

    )

    *

    18

    241

    (93

    )%

    Operating income (loss)

    (848

    )

    (3,344

    )

    (75

    )%

    (53,618

    )

    (10,993

    )

    388

    %

    Interest expense

    $

    (4,037

    )

    $

    (4,118

    )

    (2

    )%

    $

    (7,700

    )

    $

    (8,561

    )

    (10

    )%

    Interest income

    619

    577

    7

    %

    1,224

    1,155

    6

    %

    Dividend income

    1

    –

    *

    1

    10

    (90

    )%

    Realized gain (loss) on marketable securities

    3

    4

    (25

    )%

    4

    (109

    )

    *

    Gain (loss) on debt extinguishment

    (38

    )

    (51

    )

    (25

    )%

    (38

    )

    (91

    )

    (58

    )%

    Income (loss) before income taxes

    (4,300

    )

    (6,932

    )

    (38

    )%

    (60,127

    )

    (18,589

    )

    223

    %

    Capital expenditures

    Media

    $

    1,970

    $

    1,532

    $

    4,330

    $

    3,526

    Advertising Technology & Services

    301

    191

    325

    267

    Consolidated

    $

    2,271

    $

    1,723

    $

    4,655

    $

    3,793

    Entravision Communications Corporation

    Consolidated Statements of Operations (Unaudited)

    (In thousands, except share and per share data)

    Three-Month Period

    Six-Month Period

    Ended June 30,

    Ended June 30,

    2025

    2024

    2025

    2024

    Net revenue

    $

    100,735

    $

    82,654

    $

    192,586

    $

    160,830

    Expenses:

    Cost of revenue

    38,010

    24,424

    71,482

    47,082

    Direct operating expenses

    37,712

    31,756

    73,214

    63,557

    Selling, general and administrative expenses

    16,453

    14,363

    31,959

    28,697

    Corporate expenses

    6,375

    10,811

    14,163

    23,059

    Depreciation and amortization

    3,027

    4,428

    6,504

    9,167

    Change in fair value of contingent consideration

    —

    240

    —

    20

    Impairment charge

    —

    —

    23,673

    —

    Loss on lease abandonment

    —

    —

    25,191

    —

    Foreign currency (gain) loss

    6

    (24

    )

    18

    241

    Total expenses

    101,583

    85,998

    246,204

    171,823

    Operating income (loss)

    (848

    )

    (3,344

    )

    (53,618

    )

    (10,993

    )

    Interest expense

    (4,037

    )

    (4,118

    )

    (7,700

    )

    (8,561

    )

    Interest income

    619

    577

    1,224

    1,155

    Dividend income

    1

    —

    1

    10

    Realized gain (loss) on marketable securities

    3

    4

    4

    (109

    )

    Gain (loss) on debt extinguishment

    (38

    )

    (51

    )

    (38

    )

    (91

    )

    Income (loss) before income taxes

    (4,300

    )

    (6,932

    )

    (60,127

    )

    (18,589

    )

    Income tax benefit (expense)

    800

    10,664

    8,852

    14,811

    Net income (loss) from continuing operations

    (3,500

    )

    3,732

    (51,275

    )

    (3,778

    )

    Net income (loss) from discontinued operations, net of tax

    163

    (35,412

    )

    (28

    )

    (76,792

    )

    Net income (loss) attributable to common stockholders

    $

    (3,337

    )

    $

    (31,680

    )

    $

    (51,303

    )

    $

    (80,570

    )

    Basic and diluted earnings per share:

    Net income (loss) per share from continuing operations, basic and diluted

    $

    (0.04

    )

    $

    0.04

    $

    (0.56

    )

    $

    (0.04

    )

    Net income (loss) per share from discontinued operations, basic and diluted

    $

    0.00

    $

    (0.39

    )

    $

    (0.00

    )

    $

    (0.86

    )

    Net income (loss) per share attributable to common stockholders, basic and diluted

    $

    (0.04

    )

    $

    (0.35

    )

    $

    (0.56

    )

    $

    (0.90

    )

    Cash dividends declared per common share, basic and diluted

    $

    0.05

    $

    0.05

    $

    0.10

    $

    0.10

    Weighted average common shares outstanding, basic and diluted

    90,976,288

    89,820,737

    90,976,288

    89,669,397

    Weighted average common shares outstanding, diluted

    90,976,288

    90,721,280

    90,976,288

    89,669,397

    Entravision Communications Corporation

    Consolidated Balance Sheets (Unaudited)

    (In thousands)

    June 30,

    December 31,

    2025

    2024

    ASSETS

    Current assets

    Cash and cash equivalents

    $

    64,508

    $

    95,914

    Marketable securities

    4,770

    4,694

    Restricted cash

    791

    786

    Trade receivables, net of allowance for doubtful accounts

    78,426

    68,319

    Prepaid expenses and other current assets

    22,337

    16,587

    Assets held for sale

    7,247

    —

    Total current assets

    178,079

    186,300

    Property and equipment, net

    47,669

    60,616

    Intangible assets subject to amortization, net

    3,505

    4,417

    Intangible assets not subject to amortization

    149,276

    177,276

    Goodwill

    7,352

    7,352

    Deferred income taxes

    2,924

    2,650

    Operating leases right of use asset

    21,709

    40,762

    Other assets

    7,484

    7,905

    Total assets

    $

    417,998

    $

    487,278

    LIABILITIES AND STOCKHOLDERS’ EQUITY

    Current liabilities

    Current maturities of long-term debt

    $

    5,000

    $

    –

    Accounts payable and accrued expenses

    59,075

    53,882

    Operating lease liabilities

    7,648

    7,744

    Total current liabilities

    71,723

    61,626

    Long-term debt, less current maturities, net of unamortized debt issuance costs

    172,110

    186,958

    Long-term operating lease liabilities

    39,710

    42,101

    Other long-term liabilities

    12,647

    12,168

    Deferred income taxes

    31,799

    38,405

    Total liabilities

    327,989

    341,258

    Stockholders’ equity

    Class A common stock

    8

    8

    Class U common stock

    1

    1

    Additional paid-in capital

    810,785

    815,532

    Accumulated deficit

    (720,023

    )

    (668,720

    )

    Accumulated other comprehensive income (loss)

    (762

    )

    (801

    )

    Total stockholders’ equity

    90,009

    146,020

    Total liabilities, redeemable noncontrolling interest and equity

    $

    417,998

    $

    487,278

    Entravision Communications Corporation

    Consolidated Statements of Cash Flows (Unaudited)

    (In thousands)

    Three-Month Period

    Six-Month Period

    Ended June 30,

    Ended June 30,

    2025

    2024

    2025

    2024

    Cash flows from operating activities:

    Net income (loss) attributable to common stockholders

    $

    (3,337

    )

    $

    (31,680

    )

    $

    (51,303

    )

    $

    (80,570

    )

    Adjustments to reconcile net income (loss) to net cash provided by operating activities:

    Depreciation and amortization

    3,027

    5,992

    6,504

    13,125

    Impairment charge

    —

    —

    23,673

    49,438

    Loss on lease abandonment

    —

    —

    25,191

    —

    Deferred income taxes

    (5,412

    )

    4,438

    (6,879

    )

    214

    Non-cash interest

    404

    68

    580

    160

    Amortization of syndication contracts

    111

    114

    221

    227

    Payments on syndication contracts

    (111

    )

    (114

    )

    (220

    )

    (229

    )

    Non-cash stock-based compensation

    2,685

    3,287

    5,298

    8,734

    (Gain) loss on marketable securities

    (3

    )

    (4

    )

    (4

    )

    109

    (Gain) loss on disposal of property and equipment

    2

    86

    6

    183

    Loss (gain) on the sale of businesses

    —

    45,014

    —

    45,014

    (Gain) loss on debt extinguishment

    38

    51

    38

    91

    Change in fair value of contingent consideration

    —

    (11,128

    )

    —

    (12,548

    )

    Net income (loss) attributable to redeemable noncontrolling interest – discontinued operations

    —

    —

    —

    (2,779

    )

    Changes in assets and liabilities:

    (Increase) decrease in accounts receivable

    479

    (19,887

    )

    (9,981

    )

    9,586

    (Increase) decrease in prepaid expenses and other current assets, operating leases right of use asset and other assets

    8,181

    (12,440

    )

    (1,348

    )

    (19,590

    )

    Increase (decrease) in accounts payable, accrued expenses and other liabilities

    1,764

    33,899

    808

    39,906

    Net cash provided by (used in) operating activities

    7,828

    17,696

    (7,416

    )

    51,071

    Cash flows from investing activities:

    Proceeds from sale of businesses, net of cash divested

    —

    (42,967

    )

    —

    (42,967

    )

    Purchases of property and equipment

    (2,161

    )

    (1,994

    )

    (4,804

    )

    (4,737

    )

    Purchases of marketable securities

    (747

    )

    —

    (965

    )

    —

    Proceeds from sale of marketable securities

    561

    1,177

    947

    10,019

    Proceeds from loan receivable

    —

    10,748

    —

    10,748

    Net cash provided by (used in) investing activities

    (2,347

    )

    (33,036

    )

    (4,822

    )

    (26,937

    )

    Cash flows from financing activities:

    Tax payments related to shares withheld for share-based compensation plans

    —

    —

    —

    (27

    )

    Payments on debt

    (10,000

    )

    (10,000

    )

    (10,000

    )

    (20,275

    )

    Dividends paid

    (4,549

    )

    (4,496

    )

    (9,098

    )

    (8,972

    )

    Distributions to noncontrolling interest

    —

    —

    —

    (1,078

    )

    Payment of contingent consideration

    —

    (13,400

    )

    —

    (14,300

    )

    Principal payments under finance lease obligation

    (32

    )

    (33

    )

    (65

    )

    (74

    )

    Net cash provided by (used in) financing activities

    (14,581

    )

    (27,929

    )

    (19,163

    )

    (44,726

    )

    Effect of exchange rates on cash, cash equivalents and restricted cash

    —

    —

    —

    (2

    )

    Net increase (decrease) in cash, cash equivalents and restricted cash

    (9,100

    )

    (43,269

    )

    (31,401

    )

    (20,594

    )

    Cash, cash equivalents and restricted cash:

    Beginning

    74,399

    129,184

    96,700

    106,509

    Ending

    $

    65,299

    $

    85,915

    $

    65,299

    $

    85,915
  • Entravision to Announce Second Quarter 2025 Financial Results

    Entravision to Announce Second Quarter 2025 Financial Results

    BURBANK, Calif.–(BUSINESS WIRE)–
    Entravision (NYSE: EVC), a media and advertising technology company, announced today that it will release its second quarter 2025 financial results after market close on Tuesday, August 5, 2025. The company will host a conference call to discuss its results followed by a question-and-answer session at 2 p.m. PT/ 5 p.m. ET the same day.

    To access the conference call, please dial 1-800-717-1738 or 1-646-307-1865 ten minutes prior to the start time. The call will also be available via live webcast on the “Investor” section of the company’s website at investor.entravision.com.

    Following the call, a replay will be available through Tuesday, August 19, 2025, which can be accessed by dialing 1-844-512-2921 or 1-412-317-6671 and entering the passcode 1191774. The webcast will also be archived on the company’s website.

    About Entravision

    Entravision (NYSE: EVC) is a media and advertising technology company. In the U.S., we maintain a diversified portfolio of television and radio stations and digital advertising services that target Latino audiences. Our advertising technology business consists of Smadex, our programmatic ad purchasing platform, and Adwake, our mobile growth solutions business. Entravision is the largest affiliate group of the Univision and UniMás television networks. Shares of Entravision Class A Common Stock trade on the NYSE under ticker: EVC. Learn more about our offerings at entravision.com.

  • Entravision Communications Corporation Reports First Quarter 2025 Results

    Entravision Communications Corporation Reports First Quarter 2025 Results

    BURBANK, Calif.–(BUSINESS WIRE)–
    Entravision Communications Corporation (NYSE: EVC), a media and advertising technology company, today announced financial results for its first quarter ended March 31, 2025.

    “Net revenue increased 17% in first quarter 2025 compared to first quarter 2024 because of the strong performance of our Advertising and Technology Services segment,” said Michael Christenson, Chief Executive Officer. “We are pleased with the performance of this business and our team’s ability to expand sales capacity and build AI capabilities into our proprietary technology platform. Our Media segment had a more challenging quarter, with fewer active advertisers than the same period last year. However, we also expanded our sales capacity in the Media segment during the past two quarters, and revenue performance improved each month of the quarter.”

    Mr. Christenson continued, “Our balance sheet is strong and we continue to focus on selected investments to drive increased revenue while maintaining tight control of operating expenses and corporate expenses to improve profitability.”

    Highlights

    Entravision reports its operating results for two segments. The Media segment provides video, audio and digital marketing services to local and national advertisers in the U.S. The Advertising Technology & Services segment provides programmatic advertising technology and services to advertisers and mobile app developers on a global basis.

    • Consolidated net revenue increased 17% for first quarter 2025 compared to first quarter 2024.
      • Media segment net revenue decreased 10% for first quarter 2025 compared to first quarter 2024, primarily due to a decrease in broadcast advertising revenue and a decrease in retransmission consent revenue.
      • Advertising Technology & Services segment net revenue increased 57% for first quarter 2025 compared to first quarter 2024, primarily due to increases in advertising revenue including advertising spend per client.
    • Segment operating profit was $3.9 million for first quarter 2025, a decrease of 16% compared to first quarter 2024.
      • Media segment operating loss was $2.6 million for first quarter 2025, compared to operating income of $3.0 million in first quarter 2024.
      • Advertising Technology & Services segment operating profit was $6.5 million for first quarter 2025, an increase of 296% compared to first quarter 2024.
    • Corporate expenses decreased 36% for first quarter 2025 compared to first quarter 2024, primarily due to reductions in salaries and bonus expense, non-cash compensation, audit fees and professional services.
    • The company incurred non-cash charges of $48.9 million in first quarter 2025 because:
      • the company is selling two television stations in Mexico, and
      • the company vacated its previous headquarters office in Santa Monica, California.
    • The company had $78.1 million in cash and cash equivalents and marketable securities as of March 31, 2025, compared to $100.6 million as of December 31, 2024. Net cash used in operating activities was $15.2 million and the company paid a dividend of $4.5 million on March 31, 2025.
    • Entravision’s board of directors approved a quarterly cash dividend to shareholders of $0.05 per share on the company’s Class A and Class U common stock. The dividend is payable on June 30, 2025 to shareholders of record as of the close of business on June 16, 2025.

    Strategic Initiatives

    Entravision is focused on several key strategies and initiatives for 2025 and beyond:

    • Provide Trusted News and Content. We are dedicated to serving our audiences as a trusted provider of news, information and entertainment. We have doubled our local news production and provide morning, midday, early evening and late news in all of our markets, along with weekend early evening and late news in five key markets. We view local news as an important strategic initiative to serve our audiences as a local broadcaster.
    • Grow Local Sales and Digital Advertising Solutions. In late 2024 and early 2025 we made changes to our Media sales leadership and invested in hiring additional local salespeople and digital marketing specialists to drive growth in local and digital advertising sales. We are focused on strengthening our digital marketing solutions and integrating them with our television and radio offerings to provide a comprehensive, multi-channel solution for advertisers.
    • Grow Advertising Technology & Services. Our Advertising Technology & Services business has shown significant revenue growth and future growth potential. Our focus includes continuing to strengthen our proprietary technology platform and algorithms and hire additional key sales personnel, particularly in the U.S.
    • Drive Cost Efficiencies. Our strategy is to invest in content, technology and local sales in order to drive revenue, while driving cost efficiencies for supporting services and corporate expense. These initiatives reflect Entravision’s focus on growth, financial stability and serving our audiences while adapting to the changing media landscape.
    • Maintain a Strong Balance Sheet. Entravision is focused on maintaining a strong balance sheet with low leverage.

    Notice of Conference Call

    Entravision will hold a conference call to discuss its first quarter 2025 results on Thursday, May 8, 2025 at 5:00 p.m. Eastern Time. To access the conference call, please dial 1-800-717-1738 or 1-646-307-1865 ten minutes prior to the start time. The call will also be available via live webcast on the “Investor” section of the company’s website at investor.entravision.com.

    About Entravision Communications Corporation

    Entravision is a media and advertising technology company. In the U.S., we provide video, audio and digital marketing services to local and national advertisers through a portfolio of television and radio stations and digital advertising services that target Latino audiences. Our advertising technology business provides programmatic advertising technology and services to advertisers and app developers on a global basis. Entravision is the largest affiliate group of the Univision and UniMás television networks. Shares of Entravision Class A Common Stock trade on the NYSE under the ticker: EVC. Learn more about us at entravision.com.

    Forward-Looking Statements

    This press release contains certain forward-looking statements. These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this press release. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that actual results will not differ materially from these expectations, and the Company disclaims any duty to update any forward-looking statements made by the Company. From time to time, these risks, uncertainties and other factors are discussed in the Company’s filings with the Securities and Exchange Commission.

    Entravision Communications Corporation

    Segment Results (Unaudited)

    (In thousands)

    Three-Month Period

    Ended March 31,

    %

    2025

    2024

    Change

    Net revenue

    Media

    $

    40,977

    $

    45,766

    (10

    )%

    Advertising Technology & Services

    50,874

    32,410

    57

    %

    Consolidated

    91,851

    78,176

    17

    %

    Cost of revenue

    Media

    3,266

    2,878

    13

    %

    Advertising Technology & Services

    30,206

    19,780

    53

    %

    Consolidated

    33,472

    22,658

    48

    %

    Direct operating expenses

    Media

    26,550

    26,623

    (0

    )%

    Advertising Technology & Services

    8,952

    5,178

    73

    %

    Consolidated

    35,502

    31,801

    12

    %

    Selling, general and administrative expenses

    Media

    10,805

    9,977

    8

    %

    Advertising Technology & Services

    4,701

    4,357

    8

    %

    Consolidated

    15,506

    14,334

    8

    %

    Depreciation and amortization

    Media

    2,970

    3,287

    (10

    )%

    Advertising Technology & Services

    507

    1,452

    (65

    )%

    Consolidated

    3,477

    4,739

    (27

    )%

    Segment operating profit (loss)

    Media

    (2,614

    )

    3,001

    *

    Advertising Technology & Services

    6,508

    1,643

    296

    %

    Consolidated

    3,894

    4,644

    (16

    )%

    Corporate expenses

    7,788

    12,248

    (36

    )%

    Change in fair value of contingent consideration

    –

    (220

    )

    (100

    )%

    Impairment charge

    23,673

    –

    *

    Loss on lease abandonment

    25,191

    –

    *

    Foreign currency (gain) loss

    12

    265

    (95

    )%

    Operating income (loss)

    (52,770

    )

    (7,649

    )

    590

    %

    Interest expense

    $

    (3,663

    )

    $

    (4,443

    )

    (18

    )%

    Interest income

    605

    578

    5

    %

    Dividend income

    –

    10

    (100

    )%

    Realized gain (loss) on marketable securities

    1

    (113

    )

    *

    Gain (loss) on debt extinguishment

    –

    (40

    )

    (100

    )%

    Income (loss) before income taxes

    (55,827

    )

    (11,657

    )

    379

    %

    Capital expenditures

    Media

    $

    2,360

    $

    1,994

    Advertising Technology & Services

    24

    76

    Consolidated

    $

    2,384

    $

    2,070

    Entravision Communications Corporation

    Consolidated Statements of Operations (Unaudited)

    (In thousands, except share and per share data)

    Three-Month Period

    Ended March 31,

    2025

    2024

    Net revenue

    $

    91,851

    $

    78,176

    Expenses:

    Cost of revenue

    33,472

    22,658

    Direct operating expenses

    35,502

    31,801

    Selling, general and administrative expenses

    15,506

    14,334

    Corporate expenses

    7,788

    12,248

    Depreciation and amortization

    3,477

    4,739

    Change in fair value of contingent consideration

    —

    (220

    )

    Impairment charge

    23,673

    —

    Loss on lease abandonment

    25,191

    —

    Foreign currency (gain) loss

    12

    265

    144,621

    85,825

    Operating income (loss)

    (52,770

    )

    (7,649

    )

    Interest expense

    (3,663

    )

    (4,443

    )

    Interest income

    605

    578

    Dividend income

    —

    10

    Realized gain (loss) on marketable securities

    1

    (113

    )

    Gain (loss) on debt extinguishment

    —

    (40

    )

    Income (loss) before income taxes

    (55,827

    )

    (11,657

    )

    Income tax benefit (expense)

    8,052

    4,147

    Net income (loss) from continuing operations

    (47,775

    )

    (7,510

    )

    Net income (loss) from discontinued operations, net of tax

    (191

    )

    (41,380

    )

    Net income (loss) attributable to common stockholders

    $

    (47,966

    )

    $

    (48,890

    )

    Basic and diluted earnings per share:

    Net income (loss) per share from continuing operations, basic and diluted

    $

    (0.53

    )

    $

    (0.08

    )

    Net income (loss) per share from discontinued operations, basic and diluted

    $

    (0.00

    )

    $

    (0.47

    )

    Net income (loss) per share attributable to common stockholders, basic and diluted

    $

    (0.53

    )

    $

    (0.55

    )

    Cash dividends declared per common share, basic and diluted

    $

    0.05

    $

    0.05

    Weighted average common shares outstanding, basic and diluted

    90,976,288

    89,518,058

    Entravision Communications Corporation

    Consolidated Balance Sheets (Unaudited)

    (In thousands)

    March 31,

    December 31,

    2025

    2024

    ASSETS

    Current assets

    Cash and cash equivalents

    $

    73,610

    $

    95,914

    Marketable securities

    4,537

    4,694

    Restricted cash

    789

    786

    Trade receivables, net of allowance for doubtful accounts

    78,923

    68,319

    Assets held for sale

    4,650

    —

    Prepaid expenses and other current assets

    28,534

    16,587

    Total current assets

    191,043

    186,300

    Property and equipment, net

    50,571

    60,616

    Intangible assets subject to amortization, net

    3,961

    4,417

    Intangible assets not subject to amortization

    149,276

    177,276

    Goodwill

    7,352

    7,352

    Deferred income taxes

    2,924

    2,650

    Operating leases right of use asset

    22,946

    40,762

    Other assets

    7,749

    7,905

    Total assets

    $

    435,822

    $

    487,278

    LIABILITIES AND STOCKHOLDERS’ EQUITY

    Current liabilities

    Current maturities of long-term debt

    $

    2,500

    $

    –

    Accounts payable and accrued expenses

    55,177

    53,882

    Operating lease liabilities

    7,631

    7,744

    Total current liabilities

    65,308

    61,626

    Long-term debt, less current maturities, net of unamortized debt issuance costs

    184,514

    186,958

    Long-term operating lease liabilities

    40,603

    42,101

    Other long-term liabilities

    12,578

    12,168

    Deferred income taxes

    37,211

    38,405

    Total liabilities

    340,214

    341,258

    Stockholders’ equity

    Class A common stock

    8

    8

    Class U common stock

    1

    1

    Additional paid-in capital

    813,080

    815,532

    Accumulated deficit

    (716,686

    )

    (668,720

    )

    Accumulated other comprehensive income (loss)

    (795

    )

    (801

    )

    Total stockholders’ equity

    95,608

    146,020

    Total liabilities, redeemable noncontrolling interest and equity

    $

    435,822

    $

    487,278

    Entravision Communications Corporation

    Consolidated Statements of Cash Flows (Unaudited)

    (In thousands)

    Three-Month Period

    Ended March 31,

    2025

    2024

    Cash flows from operating activities:

    Net income (loss) attributable to common stockholders

    $

    (47,966

    )

    $

    (48,890

    )

    Adjustments to reconcile net income (loss) to net cash provided by operating activities:

    Depreciation and amortization

    3,477

    7,133

    Impairment charge

    23,673

    49,438

    Loss on lease abandonment

    25,191

    —

    Deferred income taxes

    (1,467

    )

    (4,224

    )

    Non-cash interest

    176

    92

    Amortization of syndication contracts

    110

    113

    Payments on syndication contracts

    (109

    )

    (115

    )

    Non-cash stock-based compensation

    2,613

    5,447

    (Gain) loss on marketable securities

    (1

    )

    113

    (Gain) loss on disposal of property and equipment

    4

    97

    (Gain) loss on debt extinguishment

    —

    40

    Change in fair value of contingent consideration

    —

    (1,420

    )

    Net income (loss) attributable to redeemable noncontrolling interest – discontinued operations

    —

    (2,779

    )

    Changes in assets and liabilities:

    (Increase) decrease in accounts receivable

    (10,460

    )

    29,473

    (Increase) decrease in prepaid expenses and other current assets, operating leases right of use asset and other assets

    (9,529

    )

    (7,150

    )

    Increase (decrease) in accounts payable, accrued expenses and other liabilities

    (956

    )

    6,007

    Net cash provided by (used in) operating activities

    (15,244

    )

    33,375

    Cash flows from investing activities:

    Purchases of property and equipment

    (2,643

    )

    (2,743

    )

    Purchases of marketable securities

    (218

    )

    —

    Proceeds from sale of marketable securities

    386

    8,842

    Net cash provided by (used in) investing activities

    (2,475

    )

    6,099

    Cash flows from financing activities:

    Tax payments related to shares withheld for share-based compensation plans

    —

    (27

    )

    Payments on debt

    —

    (10,275

    )

    Dividends paid

    (4,549

    )

    (4,476

    )

    Distributions to noncontrolling interest

    —

    (1,078

    )

    Payment of contingent consideration

    —

    (900

    )

    Principal payments under finance lease obligation

    (33

    )

    (41

    )

    Net cash provided by (used in) financing activities

    (4,582

    )

    (16,797

    )

    Effect of exchange rates on cash, cash equivalents and restricted cash

    —

    (2

    )

    Net increase (decrease) in cash, cash equivalents and restricted cash

    (22,301

    )

    22,675

    Cash, cash equivalents and restricted cash:

    Beginning

    96,700

    106,509

    Ending

    $

    74,399

    $

    129,184
  • Entravision Communications Corporation Reports Fourth Quarter and Full Year 2024 Results

    Entravision Communications Corporation Reports Fourth Quarter and Full Year 2024 Results

    SANTA MONICA, Calif.–(BUSINESS WIRE)–
    Entravision Communications Corporation (NYSE: EVC), a media and advertising technology company, today announced financial results for its fourth quarter and fiscal year ended December 31, 2024.

    “We achieved net revenue growth of 37% and 23% during the fourth quarter and full year 2024, respectively, compared to the same periods in 2023, driven primarily by record political advertising revenue in our Media segment and advertising revenue in our Advertising Technology & Services segment,” said Michael Christenson, Chief Executive Officer. “Our balance sheet remains strong, and as we look forward to fiscal year 2025 and beyond we continue to focus on providing highly-rated news and content to our audiences, strengthening our digital marketing solutions in combination with our television and radio offerings, and continuing to grow our Advertising Technology & Services segment.”

    Highlights

    • Consolidated net revenue increased 37% for the fourth quarter 2024 and increased 23% for the year ended December 31, 2024 over the respective prior fourth quarter and year ended periods.
    • The company achieved record political advertising revenue in 2024, which was the fifth election cycle in a row in which the company benefited from increased political advertising revenue compared to the previous election cycle.
    • In 2024, the company significantly enhanced its local news programming, making substantial investments in news operations to capitalize on advertising inventory during its newscasts.
    • In late 2024, the company realigned its sales management structure and increased the size of its media sales team and it is our current intention that this will continue in 2025.
    • Media segment net revenue increased 30% for the fourth quarter 2024 and increased 13% for the year ended December 31, 2024 over the respective prior fourth quarter and year ended periods.
    • Advertising Technology & Services segment net revenue increased 49% for the fourth quarter 2024 and increased 42% for the year ended December 31, 2024 over the respective prior fourth quarter and year ended periods.
    • Media segment operating profit increased 62% for the fourth quarter 2024 and declined 4% for the year ended December 31, 2024 over the respective prior fourth quarter and year ended periods.
    • Advertising Technology & Services segment operating profit increased 39% for the fourth quarter 2024 and increased over 1,000% for the year ended December 31, 2024 over the respective prior fourth quarter and year ended periods.
    • Corporate expenses decreased 48% for the fourth quarter 2024 and decreased 25% for the year ended December 31, 2024 over the respective prior fourth quarter and year ended periods.
    • The company incurred an impairment charge of $61.2 million for the year ended December 31, 2024.
    • The company made prepayments of $20 million under its credit facility during 2024.
    • Total leverage as defined in the company’s credit agreement was 2.8 times as of December 31, 2024. Net of total cash and marketable securities, total leverage was 1.8 times.
    • Entravision’s board of directors approved a quarterly cash dividend to shareholders of $0.05 per share on the company’s Class A and Class U common stock. The dividend is payable on March 31, 2025 to shareholders of record as of the close of business on March 17, 2025.

    About Entravision Communications Corporation

    Entravision is a media and advertising technology company. In the U.S., we maintain a diversified portfolio of television and radio stations and digital advertising services that target Latino audiences. Our advertising technology business consists of Smadex, our programmatic ad purchasing platform, and Adwake, our mobile growth solutions business. Entravision is the largest affiliate group of the Univision and UniMás television networks. Shares of Entravision Class A Common Stock trade on the NYSE under ticker: EVC. Learn more about our offerings at
    entravision.com
    or connect with us on
    LinkedIn
    and
    Facebook.

    Forward-Looking Statements

    This press release contains certain forward-looking statements. These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this press release. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that actual results will not differ materially from these expectations, and the Company disclaims any duty to update any forward-looking statements made by the Company. From time to time, these risks, uncertainties and other factors are discussed in the Company’s filings with the Securities and Exchange Commission.

    Entravision Communications Corporation

    Segment Results (Unaudited)

    (In thousands)


    Three-Month Ended

    December 31,


    Year Ended

    December 31,

    2024

    2023

    % Change

    2024

    2023

    % Change

    Net Revenue

    Media

    $

    67,260

    $

    51,654

    30

    %

    $

    222,061

    $

    196,268

    13

    %

    Advertising Technology & Services

    39,702

    26,602

    49

    %

    142,887

    100,775

    42

    %

    Consolidated

    106,962

    78,256

    37

    %

    364,948

    297,043

    23

    %

    Cost of revenue

    Media

    $

    4,838

    $

    3,291

    47

    %

    $

    16,726

    $

    10,952

    53

    %

    Advertising Technology & Services

    23,475

    16,013

    47

    %

    85,470

    66,262

    29

    %

    Consolidated

    28,313

    19,304

    47

    %

    102,196

    77,214

    32

    %

    Direct operating expenses

    Media

    28,583

    24,921

    15

    %

    110,988

    96,925

    15

    %

    Advertising Technology & Services

    8,505

    4,150

    105

    %

    25,274

    16,306

    55

    %

    Consolidated

    37,088

    29,071

    28

    %

    136,262

    113,231

    20

    %

    Selling, general and administrative expenses

    Media

    12,159

    8,961

    36

    %

    42,759

    36,000

    19

    %

    Advertising Technology & Services

    4,900

    3,437

    43

    %

    20,109

    13,761

    46

    %

    Consolidated

    17,059

    12,398

    38

    %

    62,868

    49,761

    26

    %

    Depreciation and amortization

    Media

    3,135

    3,013

    4

    %

    12,891

    11,975

    8

    %

    Advertising Technology & Services

    637

    1,431

    (55

    )%

    3,930

    4,417

    (11

    )%

    Consolidated

    3,772

    4,444

    (15

    )%

    16,821

    16,392

    3

    %

    Segment operating profit (loss)

    Media

    18,545

    11,468

    62

    %

    38,697

    40,416

    (4

    )%

    Advertising Technology & Services

    2,185

    1,571

    39

    %

    8,104

    29

    *

    Consolidated

    20,730

    13,039

    59

    %

    46,801

    40,445

    16

    %

    Corporate expenses

    7,509

    14,458

    (48

    )%

    37,498

    50,294

    (25

    )%

    Change in fair value of contingent consideration

    1

    200

    (100

    )%

    (629

    )

    821

    *

    Impairment charge

    61,220

    12,278

    399

    %

    61,220

    13,267

    361

    %

    Foreign currency (gain) loss

    572

    676

    (15

    )%

    692

    1,950

    (65

    )%

    Other operating (gain) loss

    —

    609

    (100

    )%

    —

    609

    (100

    )%

    Operating income (loss)

    (48,572

    )

    (15,182

    )

    220

    %

    (51,980

    )

    (26,496

    )

    96

    %

    Interest expense

    (3,824

    )

    (4,369

    )

    (12

    )%

    (16,472

    )

    (16,833

    )

    (2

    )%

    Interest income

    657

    1,009

    (35

    )%

    2,458

    3,405

    (28

    )%

    Dividend income

    —

    3

    (100

    )%

    10

    35

    (71

    )%

    Realized gain (loss) on marketable securities

    —

    1

    (100

    )%

    (110

    )

    (93

    )

    18

    %

    Gain (loss) on debt extinguishment

    —

    —

    *

    (91

    )

    (1,556

    )

    (94

    )%

    Income (loss) before income taxes from continuing operations

    $

    (51,739

    )

    $

    (18,538

    )

    179

    %

    $

    (66,185

    )

    $

    (41,538

    )

    59

    %

    Capital expenditures

    Media

    $

    2,543

    $

    6,148

    $

    7,089

    $

    21,208

    Advertising Technology & Services

    74

    1,043

    372

    3,643

    Consolidated

    $

    2,617

    $

    7,191

    $

    7,461

    $

    24,851

    Entravision Communications Corporation

    Consolidated Statements of Operations (Unaudited)

    (In thousands, except share and per share data)

    Three-Month Period

    Twelve-Month Period

    Ended December 31,

    Ended December 31,

    2024

    2023

    2024

    2023

    Net revenue

    $

    106,962

    $

    78,256

    $

    364,948

    $

    297,043

    Expenses:

    Cost of revenue

    28,313

    19,304

    102,196

    77,214

    Direct operating expenses

    37,088

    29,071

    136,262

    113,231

    Selling, general and administrative expenses

    17,059

    12,398

    62,868

    49,761

    Corporate expenses

    7,509

    14,458

    37,498

    50,294

    Depreciation and amortization

    3,772

    4,444

    16,821

    16,392

    Change in fair value of contingent consideration

    1

    200

    (629

    )

    821

    Impairment charge

    61,220

    12,278

    61,220

    13,267

    Foreign currency (gain) loss

    572

    676

    692

    1,950

    Other operating (gain) loss

    —

    609

    —

    609

    155,534

    93,438

    416,928

    323,539

    Operating income (loss)

    (48,572

    )

    (15,182

    )

    (51,980

    )

    (26,496

    )

    Interest expense

    (3,824

    )

    (4,369

    )

    (16,472

    )

    (16,833

    )

    Interest income

    657

    1,009

    2,458

    3,405

    Dividend income

    —

    3

    10

    35

    Realized gain (loss) on marketable securities

    —

    1

    (110

    )

    (93

    )

    Gain (loss) on debt extinguishment

    —

    —

    (91

    )

    (1,556

    )

    Income before income taxes

    (51,739

    )

    (18,538

    )

    (66,185

    )

    (41,538

    )

    Income tax (expense) benefit

    (3,932

    )

    5,337

    (4,105

    )

    8,392

    Net income (loss) from continuing operations

    (55,671

    )

    (13,201

    )

    (70,290

    )

    (33,146

    )

    Income (loss) from discontinued operations

    (687

    )

    (5,007

    )

    (78,618

    )

    17,709

    Net income (loss) attributable to common stockholders

    $

    (56,358

    )

    $

    (18,208

    )

    $

    (148,908

    )

    $

    (15,437

    )

    Basic and diluted earnings (loss) per share:

    Net income (loss) per share attributable to common stockholders, basic and diluted

    $

    (0.62

    )

    $

    (0.21

    )

    $

    (1.66

    )

    $

    (0.18

    )

    Cash dividends declared per common share, basic and diluted

    $

    0.05

    $

    0.05

    $

    0.20

    $

    0.20

    Weighted average common shares outstanding, basic and diluted

    90,175,742

    88,193,240

    89,876,538

    87,901,938

    Entravision Communications Corporation

    Consolidated Balance Sheets (Unaudited)

    (In thousands)

    December 31,

    December 31,

    2024

    2023

    ASSETS

    Current assets

    Cash and cash equivalents

    $

    95,914

    $

    67,398

    Marketable securities

    4,694

    13,172

    Restricted Cash

    786

    770

    Trade receivables, net of allowance for doubtful accounts

    68,319

    70,082

    Assets held for sale

    —

    301

    Prepaid expenses and other current assets

    16,587

    16,863

    Current assets of discontinued operations

    —

    217,269

    Total current assets

    186,300

    385,855

    Property and equipment, net

    60,616

    66,932

    Intangible assets subject to amortization, net

    4,417

    7,100

    Intangible assets not subject to amortization

    177,276

    195,174

    Goodwill

    7,352

    50,674

    Deferred income taxes

    2,650

    265

    Operating leases right of use asset

    40,762

    42,868

    Other assets

    7,905

    21,223

    Noncurrent assets of discontinued operations

    —

    95,855

    Total assets

    $

    487,278

    $

    865,946

    LIABILITIES AND STOCKHOLDERS’ EQUITY

    Current liabilities

    Current maturities of long-term debt

    $

    –

    $

    8,750

    Accounts payable and accrued expenses

    53,882

    47,776

    Operating lease liabilities

    7,744

    6,748

    Current liabilities of discontinued operations

    —

    208,779

    Total current liabilities

    61,626

    272,053

    Long-term debt, less current maturities, net of unamortized debt issuance costs

    186,958

    197,884

    Long-term operating lease liabilities

    42,101

    45,178

    Other long-term liabilities

    12,168

    4,624

    Deferred income taxes

    38,405

    46,849

    Noncurrent liabilities of discontinued operations

    —

    33,072

    Total liabilities

    341,258

    599,660

    Redeemable noncontrolling interest – discontinued operations

    —

    43,758

    Stockholders’ equity

    Class A common stock

    8

    8

    Class U common stock

    1

    1

    Additional paid-in capital

    815,532

    743,246

    Accumulated deficit

    (668,720

    )

    (519,812

    )

    Accumulated other comprehensive income (loss)

    (801

    )

    (915

    )

    Total stockholders’ equity

    146,020

    222,528

    Total liabilities, redeemable noncontrolling interest and equity

    $

    487,278

    $

    865,946

    Entravision Communications Corporation

    Consolidated Statements of Cash Flows (Unaudited)

    (In thousands)

    Three-Month Period

    Twelve-Month Period

    Ended December 31,

    Ended December 31,

    2024

    2023

    2024

    2023

    Cash flows from operating activities:

    Net income (loss)

    $

    (56,358

    )

    $

    (18,208

    )

    $

    (148,908

    )

    $

    (15,437

    )

    Adjustments to reconcile net income (loss) to net cash provided by operating activities:

    Depreciation and amortization

    3,772

    7,671

    20,779

    28,007

    Impairment charge

    61,220

    12,278

    110,658

    13,267

    Deferred income taxes

    (6,995

    )

    (10,796

    )

    (10,281

    )

    (10,965

    )

    Non-cash interest

    61

    91

    284

    355

    Amortization of syndication contracts

    111

    113

    450

    471

    Payments on syndication contracts

    (114

    )

    (114

    )

    (451

    )

    (480

    )

    Non-cash stock-based compensation

    1,426

    6,645

    13,848

    23,698

    (Gain) loss on marketable securities

    —

    (1

    )

    110

    93

    (Gain) loss on disposal of property and equipment

    71

    748

    277

    737

    Loss (gain) on the sale of businesses

    48

    —

    45,187

    —

    (Gain) loss on debt extinguishment

    —

    —

    91

    1,556

    Change in fair value of contingent consideration

    —

    6,400

    (13,198

    )

    (2,539

    )

    Net income (loss) attributable to redeemable noncontrolling interest – discontinued operations

    —

    157

    (2,779

    )

    158

    Net income (loss) attributable to noncontrolling interest – discontinued operations

    —

    —

    —

    (342

    )

    Changes in assets and liabilities, net of businesses acquired and disposed of:

    (Increase) decrease in trade receivables, net

    (519

    )

    (25,508

    )

    10,092

    (9,247

    )

    (Increase) decrease in prepaid expenses and other current assets, operating leases right of use asset and other assets

    11,806

    15,025

    9,878

    7,826

    Increase (decrease) in accounts payable, accrued expenses and other liabilities

    (1,746

    )

    11,578

    38,668

    38,038

    Net cash provided by operating activities

    12,783

    6,079

    74,705

    75,196

    Cash flows from investing activities:

    Proceeds from sale of assets/business, net of cash divested

    2,486

    175

    (40,481

    )

    258

    Purchases of property and equipment

    (2,174

    )

    (7,446

    )

    (8,463

    )

    (27,327

    )

    Purchase of businesses, net of cash acquired

    —

    —

    —

    (6,930

    )

    Purchases of marketable securities

    (2,303

    )

    —

    (2,303

    )

    (11,355

    )

    Proceeds from sale of marketable securities

    408

    5,242

    10,789

    43,335

    Proceeds from loan receivable

    2,888

    —

    13,636

    —

    Purchases of investments

    —

    —

    —

    (300

    )

    Issuance of loan receivable

    —

    —

    —

    (13,636

    )

    Net cash provided by (used in) investing activities

    1,305

    (2,029

    )

    (26,822

    )

    (15,955

    )

    Cash flows from financing activities:

    Proceeds from stock option exercises

    —

    —

    —

    554

    Tax payments related to shares withheld for share-based compensation plans

    (2,537

    )

    (3,899

    )

    (2,564

    )

    (4,057

    )

    Payments on debt

    —

    (1,250

    )

    (20,275

    )

    (215,745

    )

    Dividends paid

    (4,504

    )

    (4,406

    )

    (17,975

    )

    (17,588

    )

    Distributions to noncontrolling interest

    —

    —

    (1,078

    )

    (3,380

    )

    Payment of contingent consideration

    (1,350

    )

    —

    (15,650

    )

    (35,113

    )

    Principal payments under finance lease obligation

    (38

    )

    (39

    )

    (148

    )

    (152

    )

    Proceeds from borrowings on debt

    —

    667

    —

    213,087

    Payments for debt issuance costs

    —

    —

    —

    (1,777

    )

    Net cash used in financing activities

    (8,429

    )

    (8,927

    )

    (57,690

    )

    (64,171

    )

    Effect of exchange rates on cash, cash equivalents and restricted cash

    —

    (3

    )

    (2

    )

    (5

    )

    Net increase (decrease) in cash, cash equivalents and restricted cash

    5,659

    (4,880

    )

    (9,809

    )

    (4,935

    )

    Cash, cash equivalents and restricted cash:

    Beginning

    91,041

    111,389

    106,509

    111,444

    Ending

    $

    96,700

    $

    106,509

    $

    96,700

    $

    106,509
  • Entravision Communications Corporation Reports Third Quarter 2024 Results

    Entravision Communications Corporation Reports Third Quarter 2024 Results

    EXPLANATORY NOTE: this earnings release has been modified from the original version, which we issued on November 6, 2024, to reflect the following:

    • We expanded the table of Unaudited Segment Results to match that same table in the Quarterly Report on Form 10-Q that was filed by the company with the U.S. Securities and Exchange Commission on November 7, 2024.
    • We removed all language and tables regarding non-GAAP measures, including Consolidated EBITDA and Free Cash Flow.

    All other information remains the same.


    New Operating Segments



    Double Digit Revenue Growth


    Declares Quarterly Cash Dividend of $0.05 Per Share Payable on December 31, 2024

    SANTA MONICA, Calif.–(BUSINESS WIRE)–
    Entravision Communications Corporation (NYSE: EVC), a media and advertising technology company, today announced financial results for the three- and nine-month periods ended September 30, 2024.

    “During the third quarter we realigned our operating segments into two segments: Media and Advertising Technology & Services. Our media segment consists of sales of advertising through various media, including television, radio and digital. Our advertising technology & services segment consists of Smadex, our programmatic ad purchasing platform, and Adwake, our mobile growth solutions business,” said Michael Christenson, Chief Executive Officer.

    Mr. Christenson continued, “Our net revenue from continuing operations increased 25% in the third quarter of 2024 compared to the same quarter in 2023, driven primarily by growth in political advertising revenue and Smadex. Our balance sheet remains strong, and we are focused on providing highly-rated news and content to our audiences, strengthening our digital marketing solutions in combination with our television and radio offerings, and continuing to grow Smadex.”

    Unaudited Financial Highlights (In thousands, except share and per share data)

    Three-Month Period

    Nine-Month Period

    Ended September 30,

    Ended September 30,

    2024

    2023

    % Change

    2024

    2023

    % Change

    Net revenue

    $

    97,156

    $

    77,420

    25

    %

    $

    257,986

    $

    218,787

    18

    %

    Cost of revenue

    26,801

    21,393

    25

    %

    73,883

    57,910

    28

    %

    Operating expenses (2) (4)

    52,729

    40,648

    30

    %

    144,983

    121,523

    19

    %

    Corporate expenses (3) (4)

    6,930

    13,292

    (48

    )%

    29,989

    35,836

    (16

    )%

    Foreign currency (gain) loss

    (121

    )

    269

    *

    120

    1,274

    (91

    )%

    Net income (loss) from continuing operations

    $

    (10,841

    )

    $

    (6,103

    )

    78

    %

    $

    (14,619

    )

    $

    (19,945

    )

    (27

    )%

    Net income (loss) from discontinued operations, net of tax

    $

    (1,139

    )

    $

    8,822

    *

    $

    (77,931

    )

    $

    22,716

    *

    Net income (loss) attributable to common stockholders

    $

    (11,980

    )

    $

    2,719

    *

    $

    (92,550

    )

    $

    2,771

    *

    Cash flows from operating activities

    $

    10,851

    $

    22,026

    (51

    )%

    $

    61,922

    $

    69,117

    (10

    )%

    Net income (loss) per share from continuing operations, basic and diluted

    $

    (0.12

    )

    $

    (0.07

    )

    71

    %

    $

    (0.16

    )

    $

    (0.23

    )

    (30

    )%

    Net income (loss) per share from discontinued operations, basic and diluted

    $

    (0.01

    )

    $

    0.10

    *

    $

    (0.87

    )

    $

    0.26

    *

    Net income (loss) per share attributable to common stockholders, basic and diluted

    $

    (0.13

    )

    $

    0.03

    *

    $

    (1.03

    )

    $

    0.03

    *

    Weighted average common shares outstanding, basic and diluted

    89,987,110

    87,995,567

    89,776,075

    87,803,770

    (1)

    Consists of the costs of online media acquired from third-party publishers. Media cost is classified as cost of revenue in the period in which the corresponding revenue is recognized.

     

    (2)

    Operating expenses include direct operating and selling, general and administrative expenses. Included in operating expenses are $2.1 million and $2.3 million of non-cash stock-based compensation for the three-month periods ended September 30, 2024 and 2023, respectively, and $5.0 million and $6.0 million of non-cash stock-based compensation for the nine-month periods ended September 30, 2024 and 2023, respectively.

     

    (3)

    Corporate expenses include $1.6 million and $4.4 million of non-cash stock-based compensation for the three-month periods ended September 30, 2024 and 2023, respectively, and $8.0 million and $9.8 million of non-cash stock-based compensation for the nine-month periods ended September 30, 2024 and 2023, respectively.

     

    (4)

    Effective July 1, 2024, with the realignment of our operations and reassignment of certain responsibilities, certain costs that were previously included as corporate expenses, primarily salaries, are now included in operating expenses.

    Net revenue for the three- and nine-month periods ended September 30, 2024 increased primarily due to an increase in advertising revenue from our media segment, and an increase in advertising revenue from our advertising technology & services segment. The increase was partially offset by decreases in spectrum usage rights revenue and retransmission consent revenue in our media segment.

    Cost of revenue for the three- and nine-month periods ended September 30, 2024 increased primarily due to the increase in digital advertising revenue.

    Operating expenses for the three- and nine-month periods ended September 30, 2024 increased primarily due to an increase in salaries, primarily associated with the expansion of our news programming in our media segment, and increases in salaries and cloud infrastructure expenses associated with the increase in revenue in our advertising technology & services segment. Additionally, effective July 1, 2024, with the realignment of our operations and reassignment of certain responsibilities, certain costs that were previously included as corporate expenses, primarily salaries, are now included in operating expenses.

    Corporate expenses for the three-month period ended September 30, 2024 decreased primarily due to a decrease in salaries and bonus expense, a decrease in non-cash stock-based compensation, a decrease in professional services expense, and a decrease due to the realignment of our operations as noted above. This decrease was partially offset by an increase in audit fees.

    Corporate expenses for the nine-month period ended September 30, 2024 decreased primarily due to a decrease in salaries and bonus expense, a decrease in non-cash stock-based compensation, a decrease in professional services expense, and a decrease due to the realignment of our operations as noted above. This decrease was partially offset by an increase in severance expense.

    New Operating Segments

    Effective July 1, 2024, we have realigned our operating segments into two segments – media and advertising technology & services – consistent with our current operational and management structure. Our media segment consists of sales of advertising through various media, including television, radio and digital. We own and/or operate 49 primary television stations and 44 radio stations (37 FM and 7 AM), reaching and engaging U.S. Latinos. Our advertising technology & services segment consists of programmatic ad services through Smadex, our demand side programmatic ad platform, and Adwake, our mobile growth solutions business.

    Quarterly Cash Dividend

    The Company announced today that its Board of Directors approved a quarterly cash dividend to shareholders of $0.05 per share on the Company’s Class A and Class U common stock, in an aggregate amount of $4.5 million. The quarterly dividend will be payable on December 31, 2024 to shareholders of record as of the close of business on December 16, 2024. The Company currently anticipates that future cash dividends will be paid on a quarterly basis; however, any decision to pay future cash dividends will be subject to approval by the Board.

    Balance Sheet and Related Metrics

    Cash and marketable securities as of September 30, 2024 totaled $93.1 million. Total debt as defined in the Company’s credit agreement was $187.8 million. Net of $50 million of cash and marketable securities, total leverage as defined in the Company’s credit agreement was 3.0 times as of September 30, 2024. Net of total cash and marketable securities, total leverage was 2.0 times.

    Unaudited Segment Results (In thousands)

    Three-Month Period
    Ended September 30,

    %

    Nine-Month Period
    Ended September 30,

    %

    2024

    2023

    Change

    2024

    2023

    Change

    Net Revenue

    Media

    $

    59,802

    $

    48,746

    23

    %

    $

    154,801

    $

    144,614

    7

    %

    Advertising Technology & Services

    37,354

    28,674

    30

    %

    103,185

    74,173

    39

    %

    Consolidated

    $

    97,156

    $

    77,420

    25

    %

    $

    257,986

    $

    218,787

    18

    %

    Cost of Revenue

    Media

    $

    4,881

    $

    2,840

    72

    %

    $

    11,888

    $

    7,661

    55

    %

    Advertising Technology & Services

    21,920

    18,553

    18

    %

    61,995

    50,249

    23

    %

    Consolidated

    26,801

    21,393

    25

    %

    73,883

    57,910

    28

    %

    Direct operating expenses

    Media

    29,193

    24,110

    21

    %

    82,405

    72,004

    14

    %

    Advertising Technology & Services

    6,424

    4,592

    40

    %

    16,769

    12,156

    38

    %

    Consolidated

    35,617

    28,702

    24

    %

    99,174

    84,160

    18

    %

    Selling, general and administrative expenses

    Media

    10,860

    8,677

    25

    %

    30,600

    27,039

    13

    %

    Advertising Technology & Services

    6,252

    3,269

    91

    %

    15,209

    10,324

    47

    %

    Consolidated

    17,112

    11,946

    43

    %

    45,809

    37,363

    23

    %

    Depreciation and amortization

    Media

    3,165

    3,288

    (4)

    %

    9,756

    8,962

    9

    %

    Advertising Technology & Services

    717

    1,445

    (50)

    %

    3,293

    2,986

    10

    %

    Consolidated

    3,882

    4,733

    (18)

    %

    13,049

    11,948

    9

    %

    Segment operating profit (loss)

    Media

    11,703

    9,831

    19

    %

    20,152

    28,948

    (30)

    %

    Advertising Technology & Services

    2,041

    815

    150

    %

    5,919

    (1,542)

    *

    Consolidated

    13,744

    10,646

    29

    %

    26,071

    27,406

    (5)

    %

    Corporate expenses

    6,930

    13,292

    (48

    )%

    29,989

    35,836

    (16

    )%

    Change in fair value of contingent consideration

    (650)

    (100)

    550

    %

    (630)

    621

    *

    Impairment charge

    –

    989

    (100)

    %

    –

    989

    (100)

    %

    Foreign currency (gain) loss

    (121)

    269

    *

    120

    1,274

    (91)

    %

    Operating income (loss)

    7,585

    (3,804)

    *

    (3,408)

    (11,314)

    (70)

    %

    Interest expense

    $

    (4,087)

    $

    (4,346)

    (6)

    %

    $

    (12,648)

    $

    (12,464)

    1

    %

    Interest income

    646

    1,068

    (40)

    %

    1,801

    2,396

    (25)

    %

    Dividend income

    –

    –

    –

    10

    32

    (69)

    %

    Realized gain (loss) on marketable securities

    (1)

    (33)

    (97)

    %

    (110)

    (94)

    17

    %

    Gain (loss) on debt extinguishment

    –

    –

    *

    (91)

    (1,556)

    (94)

    %

    Income (loss) before income taxes

    4,143

    (7,115)

    *

    (14,446)

    (23,000)

    (37)

    %

    Capital expenditures

    Media

    $

    1,020

    $

    2,694

    $

    4,546

    $

    15,060

    Advertising Technology & Services

    31

    883

    298

    2,600

    Consolidated

    $

    1,051

    $

    3,577

    $

    4,844

    $

    17,660

    Total assets

    September 30,
    2024

    December 31,
    2023

    Media

    $

    484,261

    $

    449,928

    Advertising Technology & Services

    72,997

    102,894

    Assets of discontinued operations

    –

    313,124

    Consolidated

    $

    557,258

    $

    865,946

    <!–

    (1)

    Cost of revenue, operating expenses, and corporate expenses are defined on page 2.

    –>

    Notice of Conference Call

    Entravision will hold a conference call to discuss its third quarter 2024 results on Thursday, November 7, 2024 at 5:00 p.m. Eastern Time. To access the conference call, please dial 1-800-717-1738 or 1-646-307-1865 ten minutes prior to the start time. The call will also be available via live webcast on the investor relations portion of the company’s website located at
    www.entravision.com.

    About Entravision Communications Corporation

    Entravision is a media and advertising technology company. In the U.S., we maintain a diversified portfolio of television and radio stations and digital advertising services that target Latino audiences. Our advertising technology business consists of Smadex, our programmatic ad purchasing platform, and Adwake, our mobile growth solutions business. Entravision remains the largest affiliate group of the Univision and UniMás television networks. Shares of Entravision Class A Common Stock trade on the NYSE under ticker: EVC. Learn more about our offerings at
    entravision.com
    or connect with us on
    LinkedIn
    and
    Facebook.

    Forward-Looking Statements

    This press release contains certain forward-looking statements. These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this press release. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that actual results will not differ materially from these expectations, and the Company disclaims any duty to update any forward-looking statements made by the Company. From time to time, these risks, uncertainties and other factors are discussed in the Company’s filings with the Securities and Exchange Commission.

    Entravision Communications Corporation

    Consolidated Statements of Operations

    (In thousands, except share and per share data)

    (Unaudited)
     

    Three-Month Period

    Nine-Month Period

    Ended September 30,

    Ended September 30,

    2024

    2023

    2024

    2023

    Net revenue

    $

    97,156

    $

    77,420

    $

    257,986

    $

    218,787

    Expenses:

    Cost of revenue

    26,801

    21,393

    73,883

    57,910

    Direct operating expenses

    35,617

    28,702

    99,174

    84,160

    Selling, general and administrative expenses

    17,112

    11,946

    45,809

    37,363

    Corporate expenses

    6,930

    13,292

    29,989

    35,836

    Depreciation and amortization

    3,882

    4,733

    13,049

    11,948

    Change in fair value of contingent consideration

    (650

    )

    (100

    )

    (630

    )

    621

    Impairment charge

    —

    989

    —

    989

    Foreign currency (gain) loss

    (121

    )

    269

    120

    1,274

    89,571

    81,224

    261,394

    230,101

    Operating income (loss)

    7,585

    (3,804

    )

    (3,408

    )

    (11,314

    )

    Interest expense

    (4,087

    )

    (4,346

    )

    (12,648

    )

    (12,464

    )

    Interest income

    646

    1,068

    1,801

    2,396

    Dividend income

    —

    —

    10

    32

    Realized gain (loss) on marketable securities

    (1

    )

    (33

    )

    (110

    )

    (94

    )

    Gain (loss) on debt extinguishment

    —

    —

    (91

    )

    (1,556

    )

    Income (loss) before income taxes

    4,143

    (7,115

    )

    (14,446

    )

    (23,000

    )

    Income tax benefit (expense)

    (14,984

    )

    1,012

    (173

    )

    3,055

    Net income (loss) from continuing operations

    (10,841

    )

    (6,103

    )

    (14,619

    )

    (19,945

    )

    Net income (loss) from discontinued operations, net of tax

    (1,139

    )

    8,822

    (77,931

    )

    22,716

    Net income (loss) attributable to common stockholders

    $

    (11,980

    )

    $

    2,719

    $

    (92,550

    )

    $

    2,771

    Basic and diluted earnings per share:

    Net income (loss) per share from continuing operations, basic and diluted

    $

    (0.12

    )

    $

    (0.07

    )

    $

    (0.16

    )

    $

    (0.23

    )

    Net income (loss) per share from discontinued operations, basic and diluted

    $

    (0.01

    )

    $

    0.10

    $

    (0.87

    )

    $

    0.26

    Net income (loss) per share attributable to common stockholders, basic and diluted

    $

    (0.13

    )

    $

    0.03

    $

    (1.03

    )

    $

    0.03

    Cash dividends declared per common share, basic and diluted

    $

    0.05

    $

    0.05

    $

    0.15

    $

    0.15

    Weighted average common shares outstanding, basic and diluted

    89,987,110

    87,995,567

    89,776,075

    87,803,770

    Entravision Communications Corporation

    Consolidated Balance Sheets

    (In thousands; unaudited)
     

    September 30,

    December 31,

    2024

    2023

    ASSETS

    Current assets

    Cash and cash equivalents

    $

    90,258

    $

    67,398

    Marketable securities

    2,826

    13,172

    Restricted cash

    783

    770

    Trade receivables, net of allowance for doubtful accounts

    69,758

    70,082

    Assets held for sale

    –

    301

    Prepaid expenses and other current assets

    31,763

    16,863

    Current assets of discontinued operations

    –

    217,269

    Total current assets

    195,388

    385,855

    Property and equipment, net

    61,297

    66,932

    Intangible assets subject to amortization, net

    4,890

    7,100

    Intangible assets not subject to amortization

    195,174

    195,174

    Goodwill

    50,673

    50,674

    Deferred income taxes

    87

    265

    Operating leases right of use asset

    41,742

    42,868

    Other assets

    8,007

    21,223

    Noncurrent assets of discontinued operations

    –

    95,855

    Total assets

    $

    557,258

    $

    865,946

    LIABILITIES AND STOCKHOLDERS’ EQUITY

    Current liabilities

    Current maturities of long-term debt

    $

    –

    $

    8,750

    Accounts payable and accrued expenses

    64,528

    47,776

    Operating lease liabilities

    7,740

    6,748

    Current liabilities of discontinued operations

    –

    208,779

    Total current liabilities

    72,268

    272,053

    Long-term debt, less current maturities, net of unamortized debt issuance costs

    186,902

    197,884

    Long-term operating lease liabilities

    43,171

    45,178

    Other long-term liabilities

    4,443

    4,624

    Deferred income taxes

    43,111

    46,849

    Noncurrent liabilities of discontinued operations

    –

    33,072

    Total liabilities

    349,895

    599,660

    Redeemable noncontrolling interest – discontinued operations

    –

    43,758

    Stockholders’ equity

    Class A common stock

    8

    8

    Class U common stock

    1

    1

    Additional paid-in capital

    820,491

    743,246

    Accumulated deficit

    (612,362

    )

    (519,812

    )

    Accumulated other comprehensive income (loss)

    (775

    )

    (915

    )

    Total stockholders’ equity

    207,363

    222,528

    Total liabilities, redeemable noncontrolling interest and equity

    $

    557,258

    $

    865,946

    Entravision Communications Corporation

    Consolidated Statements of Cash Flows

    (In thousands; unaudited)
     

    Three-Month Period

    Nine-Month Period

    Ended September 30,

    Ended September 30,

    2024

    2023

    2024

    2023

    Cash flows from operating activities:

    Net income (loss)

    $

    (11,980

    )

    $

    2,719

    $

    (92,550

    )

    $

    2,771

    Adjustments to reconcile net income (loss) to net cash provided by operating activities:

    Depreciation and amortization

    3,882

    7,356

    17,007

    20,336

    Impairment charge

    —

    989

    49,438

    989

    Deferred income taxes

    (3,500

    )

    (40

    )

    (3,286

    )

    (169

    )

    Non-cash interest

    63

    85

    223

    264

    Amortization of syndication contracts

    112

    118

    339

    358

    Payments on syndication contracts

    (108

    )

    (125

    )

    (337

    )

    (366

    )

    Non-cash stock-based compensation

    3,688

    7,032

    12,422

    17,053

    (Gain) loss on marketable securities

    1

    33

    110

    94

    (Gain) loss on disposal of property and equipment

    23

    (29

    )

    206

    (11

    )

    Loss (gain) on the sale of businesses

    125

    —

    45,139

    —

    (Gain) loss on debt extinguishment

    —

    —

    91

    1,556

    Change in fair value of contingent consideration

    (650

    )

    (5,997

    )

    (13,198

    )

    (8,939

    )

    Net income (loss) attributable to redeemable noncontrolling interest – discontinued operations

    —

    13

    (2,779

    )

    1

    Net income (loss) attributable to noncontrolling interest – discontinued operations

    —

    —

    —

    (342

    )

    Changes in assets and liabilities:

    (Increase) decrease in accounts receivable

    1,025

    (1,219

    )

    10,611

    16,261

    (Increase) decrease in prepaid expenses and other current assets, operating leases right of use asset and other assets

    17,662

    (3,902

    )

    (1,928

    )

    (7,199

    )

    Increase (decrease) in accounts payable, accrued expenses and other liabilities

    508

    14,993

    40,414

    26,460

    Net cash provided by operating activities

    10,851

    22,026

    61,922

    69,117

    Cash flows from investing activities:

    Proceeds from sale of businesses, net of cash divested

    —

    33

    (42,967

    )

    83

    Purchases of property and equipment

    (1,552

    )

    (5,023

    )

    (6,289

    )

    (19,881

    )

    Purchase of a business, net of cash acquired

    —

    —

    —

    (6,930

    )

    Purchases of marketable securities

    —

    (1,183

    )

    —

    (11,355

    )

    Proceeds from sale of marketable securities

    362

    10,000

    10,381

    38,093

    Proceeds from loan receivable

    —

    —

    10,748

    —

    Purchases of investments

    —

    (100

    )

    —

    (300

    )

    Issuance of loan receivable

    —

    (5,550

    )

    —

    (13,636

    )

    Net cash provided by (used in) investing activities

    (1,190

    )

    (1,823

    )

    (28,127

    )

    (13,926

    )

    Cash flows from financing activities:

    Proceeds from stock option exercises

    —

    —

    —

    554

    Tax payments related to shares withheld for share-based compensation plans

    —

    (63

    )

    (27

    )

    (158

    )

    Payments on debt

    —

    (1,250

    )

    (20,275

    )

    (214,495

    )

    Dividends paid

    (4,499

    )

    (4,400

    )

    (13,471

    )

    (13,182

    )

    Distributions to noncontrolling interest

    —

    —

    (1,078

    )

    (3,380

    )

    Payment of contingent consideration

    —

    (3,403

    )

    (14,300

    )

    (35,113

    )

    Principal payments under finance lease obligation

    (36

    )

    (37

    )

    (110

    )

    (113

    )

    Proceeds from borrowings on debt

    —

    1

    —

    212,420

    Payments for debt issuance costs

    —

    —

    —

    (1,777

    )

    Net cash provided by (used in) financing activities

    (4,535

    )

    (9,152

    )

    (49,261

    )

    (55,244

    )

    Effect of exchange rates on cash, cash equivalents and restricted cash

    —

    (3

    )

    (2

    )

    (2

    )

    Net increase (decrease) in cash, cash equivalents and restricted cash

    5,126

    11,048

    (15,468

    )

    (55

    )

    Cash, cash equivalents and restricted cash:

    Beginning

    85,915

    100,341

    106,509

    111,444

    Ending

    $

    91,041

    $

    111,389

    $

    91,041

    $

    111,389

  • Entravision Schedules Third Quarter 2024 Earnings Release and Conference Call

    Entravision Schedules Third Quarter 2024 Earnings Release and Conference Call

    SANTA MONICA, Calif.–(BUSINESS WIRE)–
    Entravision (NYSE: EVC), a media and advertising technology company, announced that it will release its third quarter 2024 financial results after market close on Wednesday, November 6, 2024. The company will host a conference call the following day, on Thursday, November 7, 2024 at 5:00 p.m. Eastern Time to discuss the third quarter 2024 results.

    To access the conference call, please dial 1-800-717-1738 or 1-646-307-1865 ten minutes prior to the start time. The call will also be available via live webcast on the investor relations portion of the company’s website located at
    www.entravision.com.

    If you cannot listen to the conference call at its scheduled time, there will be a replay available through Thursday, November 21, 2024, which can be accessed by dialing 1-844-512-2921 or 1-412-317-6671 and entering the passcode 1157250. The webcast will also be archived on the company’s website.

    About Entravision

    Entravision (NYSE: EVC) is a media and advertising technology company. In the U.S., we maintain a diversified portfolio of television and radio stations and digital advertising platforms that target Hispanic audiences and complement our digital services. Our advertising technology business consists of Smadex, our programmatic ad purchasing platform, and Adwake, our mobile growth solutions business. Entravision remains the largest affiliate group of the Univision and UniMás television networks. Shares of Entravision Class A Common Stock trade on the NYSE under ticker: EVC. Learn more about our offerings at
    entravision.com
    or connect with us on
    LinkedIn
    and
    Facebook.