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  • Entravision Communications Corporation Reports Third Quarter 2021 Results

    Entravision Communications Corporation Reports Third Quarter 2021 Results

    SANTA MONICA, Calif.–(BUSINESS WIRE)–
    Entravision Communications Corporation (NYSE: EVC), a leading global media, marketing and technology company, today announced financial results for the three- and nine-month periods ended September 30, 2021.

    Third Quarter 2021 Highlights

    • Net revenue up 216% over the prior-year period
    • Net income attributable to common stockholders up 35% over the prior-year period
    • Consolidated Adjusted EBITDA up 42% over the prior-year period
    • Operating cash flow up 50% over the prior-year period
    • Free cash flow up 112% over the prior-year period
    • Acquisition of Cisneros Interactive’s remaining 49% (now wholly-owned)
    • Acquisition of MediaDonuts, marking entry into Southeast Asia
    • Quarterly cash dividend of $0.025 per share
    • Acquisition of 365 Digital, marking entry into Africa

    “Entravision reported very strong results for the third quarter, with revenue improving 216% and adjusted EBITDA increasing by 42% over the prior-year period,” said Walter F. Ulloa, Chairman and Chief Executive Officer. “Thanks to the exceptional work of our entire team, we saw growth in core revenue across each of our business segments, with digital, in particular, making a significant contribution to our overall performance and now comprising 73% of total revenue.”

    Mr. Ulloa continued, “During the quarter, we continued to strengthen our digital segment, both organically and through acquisitions. At the end of August, we acquired the remaining 49 percent of Cisneros Interactive, which is now wholly-owned by us, expanding our reach in Latin America. Prior to that, in July, we acquired MediaDonuts, marking our entry into Southeast Asia. Finally, just today, we announced the acquisition of 365 Digital, a digital marketing solutions agency in South Africa and marking our entry into Africa. Our digital operations now have a presence on five continents. These acquisitions will serve us favorably as we expand our client base and geographic footprint. We are evolving our business to meet the demands of our clients while generating value for all of our stakeholders as we build a company that is truly a digital media powerhouse.”

    Acquisition of 365 Digital

    The Company announced today in a separate press release that, on November 1, 2021, it acquired 100% of the issued and outstanding shares of stock of 365 Digital Media (Pty) Ltd, a digital marketing solutions agency headquartered in South Africa, marking the Company’s entry into Africa, and bringing the Company’s digital presence to five continents. The transaction, funded from the Company’s cash on hand, includes a purchase price of approximately $1.9 million in cash, and earn-out payments based upon the achievement of certain EBITDA targets in calendar years 2022, 2023 and 2024, calculated as a pre-determined multiple of EBITDA for each of those years.

    Quarterly Cash Dividend

    The Company also announced today that its Board of Directors approved a quarterly cash dividend to shareholders of $0.025 per share on the Company’s Class A, Class B and Class U common stock, in an aggregate amount of approximately $2.1 million. The quarterly dividend will be payable on December 31, 2021 to shareholders of record as of the close of business on December 16, 2021, and the common stock will trade ex-dividend on December 15, 2021. 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.

    Non-GAAP Financial Measures

    This press release contains certain non-GAAP financial measures as defined by SEC Regulation G. The GAAP financial measure most directly comparable to each of these non-GAAP financial measures, and a table reconciling each of these non-GAAP financial measures to its most directly comparable GAAP financial measure is included beginning on page 10.

    Unaudited Financial Highlights

     

    Three-Month Period

    Nine-Month Period

    Ended September 30,

    Ended September 30,

    2021

    2020

    % Change

    2021

    2020

    % Change

    Net revenue

    $

    199,008

    $

    62,978

    216

    %

    $

    526,298

    $

    172,343

    205

    %

    Cost of revenue – digital (1)

    124,332

    7,808

    *

    318,118

    21,602

    *

    Operating expenses (2)

    43,113

    34,061

    27

    %

    124,969

    107,368

    16

    %

    Corporate expenses (3)

    7,253

    6,287

    15

    %

    21,756

    18,511

    18

    %

    Foreign currency (gain) loss

    177

    (680

    )

    *

    454

    673

    (33

    )%

    Consolidated adjusted EBITDA (4)

    23,195

    16,371

    42

    %

    55,177

    27,773

    99

    %

    Free cash flow (5)

    $

    22,382

    $

    10,567

    112

    %

    $

    47,831

    $

    14,388

    232

    %

    Net income (loss)

    $

    13,884

    $

    9,016

    54

    %

    $

    31,362

    $

    (24,238

    )

    *

    Net (income) loss attributable to redeemable noncontrolling interest

    $

    (1,753

    )

    $

    –

    *

    $

    (5,938

    )

    $

    –

    *

    Net income (loss) attributable to common stockholders

    $

    12,131

    $

    9,016

    35

    %

    $

    25,424

    $

    (24,238

    )

    *

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

    $

    0.14

    $

    0.11

    27

    %

    $

    0.30

    $

    (0.29

    )

    *

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

    $

    0.14

    $

    0.11

    27

    %

    $

    0.29

    $

    (0.29

    )

    *

    Weighted average common shares outstanding, basic

    85,390,333

    84,185,728

    85,207,992

    84,208,924

    Weighted average common shares outstanding, diluted

    88,315,732

    84,863,020

    87,694,395

    84,208,924

    (1)

    Consists primarily 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 includes direct operating and selling, general and administrative expenses. Included in operating expenses are $0.3 million and $0.1 million of non-cash stock-based compensation for the three-month periods ended September 30, 2021 and 2020, respectively, and $1.0 million and $0.4 million of non-cash stock-based compensation for the nine-month periods ended September 30, 2021 and 2020, respectively.

    (3)

    Corporate expenses include $0.8 million and $0.7 million of non-cash stock-based compensation for the three-month periods ended September 30, 2021 and 2020, respectively, and $2.3 million and $2.0 million of non-cash stock-based compensation for the nine-month periods ended September 30, 2021 and 2020, respectively.

    (4)

    Consolidated adjusted EBITDA means net income (loss) plus gain (loss) on sale of assets, depreciation and amortization, non-cash impairment charge, non-cash stock-based compensation included in operating and corporate expenses, net interest expense, other operating gain (loss), gain (loss) on debt extinguishment, income tax (expense) benefit, equity in net income (loss) of nonconsolidated affiliate, non-cash losses, syndication programming amortization less syndication programming payments, revenue from the Federal Communications Commission, or FCC, spectrum incentive auction less related expenses, expenses associated with investments, EBITDA attributable to redeemable noncontrolling interest, acquisitions and dispositions and certain pro-forma cost savings. We use the term consolidated adjusted EBITDA because that measure is defined in the agreement governing our current credit facility (“the 2017 Credit Facility”) and does not include gain (loss) on sale of assets, depreciation and amortization, non-cash impairment charge, non-cash stock-based compensation, net interest expense, other income (loss), gain (loss) on debt extinguishment, income tax (expense) benefit, equity in net income (loss) of nonconsolidated affiliate, non-cash losses, syndication programming amortization less syndication programming payments, revenue from FCC spectrum incentive auction less related expenses, expenses associated with investments, EBITDA attributable to redeemable noncontrolling interest, acquisitions and dispositions and certain pro-forma cost savings.

    (5)

    Free cash flow is defined as consolidated adjusted EBITDA less cash paid for income taxes, net interest expense, capital expenditures and non-recurring cash expenses plus dividend income, and other operating gain (loss). Net interest expense is defined as interest expense, less non-cash interest expense relating to amortization of debt finance costs, and less interest income.

    Unaudited Financial Results
     

    Three-Month Period

    Ended September 30,

    2021

    2020

    % Change

    Net revenue

    $

    199,008

    $

    62,978

    216

    %

    Cost of revenue – digital (1)

    124,332

    7,808

    *

    Operating expenses (1)

    43,113

    34,061

    27

    %

    Corporate expenses (1)

    7,253

    6,287

    15

    %

    Depreciation and amortization

    5,901

    3,934

    50

    %

    Impairment charge

    166

    –

    *

    Foreign currency (gain) loss

    177

    (680

    )

    *

    Other operating (gain) loss

    (2,431

    )

    (2,683

    )

    (9

    )%

    Operating income (loss)

    20,497

    14,251

    44

    %

    Interest expense, net

    (1,702

    )

    (1,502

    )

    13

    %

    Dividend income

    207

    3

    *

    Income (loss) before income taxes

    19,002

    12,752

    49

    %

    Income tax benefit (expense)

    (5,118

    )

    (3,736

    )

    37

    %

    Net income (loss)

    13,884

    9,016

    54

    %

    Net (income) loss attributable to redeemable noncontrolling interest

    (1,753

    )

    –

    *

    Net income (loss) attributable to common stockholders

    $

    12,131

    $

    9,016

    35

    %

    (1)

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

    Net revenue in the third quarter of 2021 totaled $199.0 million, up 216% from $63.0 million in the prior-year period. Of the overall increase, approximately $132.4 million was attributable to our digital segment and was primarily due to advertising revenue resulting from our acquisition of a majority interest in Cisneros Interactive during the fourth quarter of 2020, which became fully-owned during the third quarter of 2021, and advertising revenue resulting from our acquisition of MediaDonuts during the third quarter of 2021. In addition, of the overall increase, approximately $4.9 million was attributable to our radio segment, primarily due to increases in local and national advertising revenue, partially offset by a decrease in political revenue. The overall increase was partially offset by a decrease of approximately $1.3 million that was attributable to our television segment primarily due to decreases in political revenue and revenue from spectrum usage rights, partially offset by increases in local and national advertising revenue.

    Cost of revenue in the third quarter of 2021 totaled $124.3 million compared to $7.8 million in the prior-year period. The increase was primarily due to increased costs of revenue following our acquisition of a majority interest in Cisneros Interactive during the fourth quarter of 2020, which became wholly-owned during the third quarter of 2021, and our acquisition of MediaDonuts during the third quarter of 2021.

    Operating expenses in the third quarter of 2021 totaled $43.1 million, up 27% from $34.1 million in the prior-year period. The increase was primarily due to our acquisition of a majority interest in Cisneros Interactive during the fourth quarter of 2020, which became fully-owned during the third quarter of 2021, and our acquisition of MediaDonuts during the third quarter of 2021, and due to an increase in expenses associated with the increase in advertising revenue, partially offset by a decrease in salary expense associated with furloughs and layoffs that occurred in 2020 because of the COVID-19 pandemic.

    Corporate expenses in the third quarter of 2021 totaled $7.3 million, up 15% from $6.3 million in the prior-year period. The increase was primarily due to an increase in salaries and non-cash stock-based compensation expense.

    Nine-Month Period

    Ended September 30,

    2021

    2020

    % Change

    Net revenue

    $

    526,298

    $

    172,343

    205

    %

    Cost of revenue – digital (1)

    318,118

    21,602

    *

    Operating expenses (1)

    124,969

    107,368

    16

    %

    Corporate expenses (1)

    21,756

    18,511

    18

    %

    Depreciation and amortization

    16,159

    12,319

    31

    %

    Impairment charge

    1,604

    39,835

    (96

    )%

    Foreign currency (gain) loss

    454

    673

    (33

    )%

    Other operating (gain) loss

    (4,867

    )

    (5,549

    )

    (12

    )%

    Operating income (loss)

    48,105

    (22,416

    )

    *

    Interest expense, net

    (5,052

    )

    (5,043

    )

    0

    %

    Dividend income

    211

    26

    712

    %

    Income (loss) before income taxes

    43,264

    (27,433

    )

    *

    Income tax benefit (expense)

    (11,902

    )

    3,195

    *

    Net income (loss)

    31,362

    (24,238

    )

    *

    Net (income) loss attributable to redeemable noncontrolling interest

    (5,938

    )

    –

    *

    Net income (loss) attributable to common stockholders

    $

    25,424

    $

    (24,238

    )

    *

    (1)

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

    Net revenue for the nine-month period of 2021 totaled $526.3 million, up 205% from $172.3 million in the prior-year period. Of the overall increase, approximately $339.4 million was attributable to our digital segment and was primarily due to advertising revenue resulting from our acquisition of a majority interest in Cisneros Interactive during the fourth quarter of 2020, which became fully-owned during the third quarter of 2021, and advertising revenue resulting from our acquisition of MediaDonuts during the third quarter of 2021. In addition, of the overall increase, approximately $2.7 million was attributable to our television segment, primarily due to increases in local and national advertising revenue, and revenue from spectrum usage rights, partially offset by a decrease in political revenue. Additionally, of the overall increase, approximately $11.8 million was attributable to our radio segment primarily due to increases in local and national advertising revenue, partially offset by a decrease in political revenue.

    Cost of revenue for the nine-month period of 2021 totaled $318.1 million compared to $21.6 million in the prior-year period. The increase was primarily due to increased costs of revenue following our acquisition of a majority interest in Cisneros Interactive during the fourth quarter of 2020, which became wholly-owned during the third quarter of 2021, and our acquisition of MediaDonuts during the third quarter of 2021.

    Operating expenses for the nine-month period of 2021 totaled $125.0 million, up 16% from $107.4 million in the prior-year period. The increase was primarily due to our acquisition of a majority interest in Cisneros Interactive during the fourth quarter of 2020, which became fully-owned during the third quarter of 2021, and our acquisition of MediaDonuts during the third quarter of 2021, and due to an increase in expenses associated with the increase in advertising revenue, partially offset by decreases in bad debt and salary expense associated with furloughs and layoffs that occurred in 2020 because of the COVID-19 pandemic.

    Corporate expenses for the nine-month period of 2021 totaled $21.8 million, up 18% from $18.5 million in the prior-year period. The increase was primarily due to an increase in salaries and audit fees.

    Balance Sheet and Related Metrics

    Cash and marketable securities as of September 30, 2021 totaled approximately $182.9 million. Total debt was $213.0 million. Net of $75 million of cash and marketable securities, total leverage as defined in the Company’s credit agreement was 1.6 times as of September 30, 2021. Net of total accessible cash and marketable securities, total leverage was 0.3 times.

    Unaudited Segment Results

     

    Three-Month Period

    Nine-Month Period

    Ended September 30,

    Ended September 30,

    2021

    2020

    % Change

    2021

    2020

    % Change

    Net Revenue

    Digital

    $

    146,121

    $

    13,655

    970

    %

    $

    377,826

    $

    38,359

    885

    %

    Television

    36,450

    37,786

    (4

    )%

    106,598

    103,940

    3

    %

    Radio

    16,437

    11,537

    42

    %

    41,874

    30,044

    39

    %

    Total

    $

    199,008

    $

    62,978

    216

    %

    $

    526,298

    $

    172,343

    205

    %

    Cost of Revenue – digital (1)

    Digital

    $

    124,332

    $

    7,808

    *

    $

    318,118

    $

    21,602

    *

    Operating Expenses (1)

    Digital

    13,187

    5,383

    145

    %

    36,064

    18,403

    96

    %

    Television

    20,148

    18,978

    6

    %

    59,548

    58,471

    2

    %

    Radio

    9,778

    9,700

    1

    %

    29,357

    30,494

    (4

    )%

    Total

    $

    43,113

    $

    34,061

    27

    %

    $

    124,969

    $

    107,368

    16

    %

    Corporate Expenses (1)

    $

    7,253

    $

    6,287

    15

    %

    $

    21,756

    $

    18,511

    18

    %

    Consolidated adjusted EBITDA (1)

    $

    23,195

    $

    16,371

    42

    %

    $

    55,177

    $

    27,773

    99

    %

    (1)

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

    Notice of Conference Call

    Entravision Communications Corporation will hold a conference call to discuss its third quarter 2021 results on Thursday, November 4, 2021 at 5 p.m. Eastern Time. To access the conference call, please dial (877) 407-9716 (U.S.) or (201) 493-6779 (Int’l) ten minutes prior to the start time and reference Conference ID number 13723009. 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 diversified global media, marketing and technology company serving clients throughout the United States and in fast growing population centers in more than 30 countries across Latin America, Europe, Asia and Africa. Our dynamic portfolio of services includes digital, television and radio offerings. Digital, our largest revenue segment, is comprised of five core businesses: Entravision Digital, Smadex, Cisneros Interactive, MediaDonuts, and 365 Digital. Entravision Digital provides branding and performance digital solutions to clients and small- and mid-size businesses throughout the world, including the U.S., Latin America and Europe. Smadex provides cutting-edge mobile programmatic solutions and demand-side platforms which enable advertisers to effectively execute performance campaigns using machine-learned bidding algorithms. Cisneros Interactive provides unique digital marketing solutions representing major global publishers and ad-tech platforms in Latin America, while also managing the leading digital audio network and solutions player Audio.Ad. MediaDonuts provides digital marketing performance and branding services in the Southeast Asia region and maintains unique commercial partnerships with some of the world’s leading digital publishers and social media platforms. 365 Digital is a digital advertising solutions provider that offers exclusive sales representations with major global platforms in South Africa. Beyond digital, Entravision has 53 television stations and is the largest affiliate group of the Univision and UniMás television networks. Entravision also manages 46 primarily Spanish-language radio stations that feature nationally recognized, Emmy award-winning talent. Shares of Entravision Class A Common Stock trade on the NYSE under ticker: EVC. Learn more about all of our innovative media, marketing and technology 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.

    (Financial Table Follows)

    Entravision Communications Corporation

    Consolidated Balance Sheets

    (In thousands; unaudited)

     

    September 30,

    December 31,

    2021

    2020

    ASSETS

    Current assets

    Cash and cash equivalents

    $

    182,891

    $

    119,162

    Marketable securities

    –

    27,988

    Restricted cash

    749

    749

    Trade receivables, net of allowance for doubtful accounts

    168,165

    142,004

    Assets held for sale

    2,907

    2,141

    Prepaid expenses and other current assets

    24,803

    18,021

    Total current assets

    379,515

    310,065

    Property and equipment, net

    64,600

    72,004

    Intangible assets subject to amortization, net

    65,880

    49,412

    Intangible assets not subject to amortization

    209,153

    216,653

    Goodwill

    68,728

    58,043

    Operating leases right of use asset

    32,053

    33,525

    Other assets

    8,474

    7,643

    Total assets

    $

    828,403

    $

    747,345

    LIABILITIES AND STOCKHOLDERS’ EQUITY

    Current liabilities

    Current maturities of long-term debt

    $

    4,694

    $

    3,000

    Accounts payable and accrued expenses

    179,912

    126,849

    Operating lease liabilities

    7,353

    7,290

    Total current liabilities

    191,959

    137,139

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

    208,014

    210,454

    Long-term operating lease liabilities

    29,851

    31,775

    Other long-term liabilities

    80,893

    3,732

    Deferred income taxes

    64,416

    54,980

    Total liabilities

    575,133

    438,080

    Redeemable noncontrolling interest

    –

    33,285

    Stockholders’ equity

    Class A common stock

    6

    6

    Class B common stock

    2

    2

    Class U common stock

    1

    1

    Additional paid-in capital

    780,426

    828,813

    Accumulated deficit

    (526,362

    )

    (551,786

    )

    Accumulated other comprehensive income (loss)

    (803

    )

    (1,056

    )

    Total stockholders’ equity

    253,270

    275,980

    Total liabilities and stockholders’ equity

    $

    828,403

    $

    747,345

    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,

    2021

    2020

    2021

    2020

    Net revenue

    $

    199,008

    $

    62,978

    $

    526,298

    $

    172,343

    Expenses:

    Cost of revenue – digital

    124,332

    7,808

    318,118

    21,602

    Direct operating expenses

    28,583

    24,178

    83,480

    72,997

    Selling, general and administrative expenses

    14,530

    9,883

    41,489

    34,371

    Corporate expenses

    7,253

    6,287

    21,756

    18,511

    Depreciation and amortization

    5,901

    3,934

    16,159

    12,319

    Impairment charge

    166

    –

    1,604

    39,835

    Foreign currency (gain) loss

    177

    (680

    )

    454

    673

    Other operating (gain) loss

    (2,431

    )

    (2,683

    )

    (4,867

    )

    (5,549

    )

    178,511

    48,727

    478,193

    194,759

    Operating income (loss)

    20,497

    14,251

    48,105

    (22,416

    )

    Interest expense

    (1,714

    )

    (1,969

    )

    (5,287

    )

    (6,673

    )

    Interest income

    12

    467

    235

    1,630

    Dividend income

    207

    3

    211

    26

    Income (loss) before income taxes

    19,002

    12,752

    43,264

    (27,433

    )

    Income tax benefit (expense)

    (5,118

    )

    (3,736

    )

    (11,902

    )

    3,195

    Net income (loss)

    13,884

    9,016

    31,362

    (24,238

    )

    Net (income) loss attributable to redeemable noncontrolling interest

    (1,753

    )

    –

    (5,938

    )

    –

    Net income (loss) attributable to common stockholders

    $

    12,131

    $

    9,016

    $

    25,424

    $

    (24,238

    )

    Basic and diluted earnings per share:

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

    $

    0.14

    $

    0.11

    $

    0.30

    $

    (0.29

    )

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

    $

    0.14

    $

    0.11

    $

    0.29

    $

    (0.29

    )

    Cash dividends declared per common share, basic and diluted

    $

    0.03

    $

    0.03

    $

    0.08

    $

    0.10

    Weighted average common shares outstanding, basic

    85,390,333

    84,185,728

    85,207,992

    84,208,924

    Weighted average common shares outstanding, diluted

    88,315,732

    84,863,020

    87,694,395

    84,208,924

    Entravision Communications Corporation

    Consolidated Statements of Cash Flows

    (In thousands; unaudited)

     

    Three-Month Period

    Nine-Month Period

    Ended September 30,

    Ended September 30,

    2021

    2020

    2021

    2020

    Cash flows from operating activities:

    Net income (loss)

    $

    13,884

    $

    9,016

    $

    31,362

    $

    (24,238

    )

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

    Depreciation and amortization

    5,901

    3,934

    16,159

    12,319

    Impairment charge

    166

    —

    1,604

    39,835

    Deferred income taxes

    4,649

    (1,346

    )

    8,348

    (8,744

    )

    Non-cash interest

    153

    159

    451

    491

    Amortization of syndication contracts

    119

    125

    357

    383

    Payments on syndication contracts

    (115

    )

    (72

    )

    (354

    )

    (325

    )

    Non-cash stock-based compensation

    1,094

    816

    3,300

    2,408

    (Gain) loss on disposal of property and equipment

    (2,622

    )

    (140

    )

    (2,622

    )

    (767

    )

    Changes in assets and liabilities:

    (Increase) decrease in accounts receivable

    (16,361

    )

    (5,228

    )

    (15,894

    )

    14,285

    (Increase) decrease in prepaid expenses and other assets

    (642

    )

    1,623

    2,267

    6,713

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

    3,169

    (2,633

    )

    8,802

    (16,643

    )

    Net cash provided by operating activities

    9,395

    6,254

    53,780

    25,717

    Cash flows from investing activities:

    Proceeds from sale of property and equipment and intangibles

    9,431

    1,100

    9,431

    5,089

    Purchases of property and equipment

    (1,433

    )

    (2,065

    )

    (4,269

    )

    (7,741

    )

    Purchases of intangible assets

    —

    —

    —

    (158

    )

    Purchase of a businesses, net of cash acquired

    (12,847

    )

    —

    (12,847

    )

    —

    Proceeds from marketable securities

    10,000

    11,620

    27,800

    38,480

    Purchases of investments

    (800

    )

    —

    (800

    )

    —

    Net cash provided by investing activities

    4,351

    10,655

    19,315

    35,670

    Cash flows from financing activities:

    Proceeds from stock option exercises

    242

    —

    414

    —

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

    (70

    )

    —

    (528

    )

    (15

    )

    Payments on long-term debt

    (750

    )

    (750

    )

    (2,250

    )

    (2,250

    )

    Dividends paid

    (2,136

    )

    (2,106

    )

    (6,395

    )

    (8,428

    )

    Repurchase of Class A common stock

    —

    —

    —

    (525

    )

    Payments of capitalized debt costs

    —

    —

    (604

    )

    —

    Net cash used in financing activities

    (2,714

    )

    (2,856

    )

    (9,363

    )

    (11,218

    )

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

    (3

    )

    (39

    )

    (3

    )

    (7

    )

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

    11,029

    14,014

    63,729

    50,162

    Cash, cash equivalents and restricted cash:

    Beginning

    172,611

    70,005

    119,911

    33,857

    Ending

    $

    183,640

    $

    84,019

    $

    183,640

    $

    84,019

    Entravision Communications Corporation


    Reconciliation of Consolidated Adjusted EBITDA to Cash Flows From Operating Activities


    (In thousands; unaudited)

    The most directly comparable GAAP financial measure is operating cash flow. A reconciliation of this non-GAAP measure to cash flows from operating activities for each of the periods presented is as follows:

    Three-Month Period

    Nine-Month Period

    Ended September 30,

    Ended September 30,

    2021

    2020

    2021

    2020

    Consolidated adjusted EBITDA (1)

    $

    23,195

    $

    16,371

    $

    55,177

    $

    27,773

    EBITDA attributable to redeemable noncontrolling interest

    2,036

    –

    9,127

    –

    Interest expense

    (1,714

    )

    (1,969

    )

    (5,287

    )

    (6,673

    )

    Interest income

    12

    467

    235

    1,630

    Dividend income

    207

    3

    211

    26

    Income tax expense

    (5,118

    )

    (3,736

    )

    (11,902

    )

    3,195

    Amortization of syndication contracts

    (119

    )

    (125

    )

    (357

    )

    (383

    )

    Payments on syndication contracts

    115

    72

    354

    325

    Non-cash stock-based compensation included in direct operating expenses

    (321

    )

    (148

    )

    (971

    )

    (383

    )

    Non-cash stock-based compensation included in corporate expenses

    (773

    )

    (668

    )

    (2,329

    )

    (2,025

    )

    Depreciation and amortization

    (5,901

    )

    (3,934

    )

    (16,159

    )

    (12,319

    )

    Impairment charge

    (166

    )

    –

    (1,604

    )

    (39,835

    )

    Non-recurring cash severance charge

    –

    –

    –

    (1,118

    )

    Other operating gain (loss)

    2,431

    2,683

    4,867

    5,549

    Net (income) loss attributable to redeemable noncontrolling interest

    (1,753

    )

    –

    (5,938

    )

    –

    Net income (loss) attributable to common stockholders

    12,131

    9,016

    25,424

    (24,238

    )

    Depreciation and amortization

    5,901

    3,934

    16,159

    12,319

    Impairment charge

    166

    –

    1,604

    39,835

    Deferred income taxes

    4,649

    (1,346

    )

    8,348

    (8,744

    )

    Non-cash interest

    153

    159

    451

    491

    Amortization of syndication contracts

    119

    125

    357

    383

    Payments on syndication contracts

    (115

    )

    (72

    )

    (354

    )

    (325

    )

    Non-cash stock-based compensation

    1,094

    816

    3,300

    2,408

    (Gain) loss on disposal of property and equipment

    (2,622

    )

    (140

    )

    (2,622

    )

    (767

    )

    Net income (loss) attributable to redeemable noncontrolling interest

    1,753

    –

    5,938

    –

    Changes in assets and liabilities:

    (Increase) decrease in accounts receivable

    (16,361

    )

    (5,228

    )

    (15,894

    )

    14,285

    (Increase) decrease in prepaid expenses and other assets

    (642

    )

    1,623

    2,267

    6,713

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

    3,169

    (2,633

    )

    8,802

    (16,643

    )

    Cash flows from operating activities

    9,395

    6,254

    53,780

    25,717

    (1)

    Consolidated adjusted EBITDA is defined on page 2.

    Entravision Communications Corporation


    Reconciliation of Free Cash Flow to Cash Flows From Operating Activities


    (In thousands; unaudited)

    The most directly comparable GAAP financial measure is operating cash flow. A reconciliation of this non-GAAP measure to cash flows from operating activities for each of the periods presented is as follows:

    Three-Month Period

    Nine-Month Period

    Ended September 30,

    Ended September 30,

    2021

    2020

    2021

    2020

    Consolidated adjusted EBITDA (1)

    $

    23,195

    $

    16,371

    $

    55,177

    $

    27,773

    Net interest expense (1)

    (1,549

    )

    (1,343

    )

    (4,601

    )

    (4,552

    )

    Dividend income

    207

    3

    211

    26

    Cash paid for income taxes

    (469

    )

    (5,082

    )

    (3,554

    )

    (5,549

    )

    Capital expenditures (2)

    (1,433

    )

    (2,065

    )

    (4,269

    )

    (7,741

    )

    Non-recurring cash severance charge

    –

    –

    –

    (1,118

    )

    Other operating gain (loss)

    2,431

    2,683

    4,867

    5,549

    Free cash flow (1)

    22,382

    10,567

    47,831

    14,388

    Capital expenditures (2)

    1,433

    2,065

    4,269

    7,741

    EBITDA attributable to redeemable noncontrolling interest

    2,036

    –

    9,127

    –

    (Gain) loss on disposal of property and equipment

    (2,622

    )

    (140

    )

    (2,622

    )

    (767

    )

    Changes in assets and liabilities:

    (Increase) decrease in accounts receivable

    (16,361

    )

    (5,228

    )

    (15,894

    )

    14,285

    (Increase) decrease in prepaid expenses and other assets

    (642

    )

    1,623

    2,267

    6,713

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

    3,169

    (2,633

    )

    8,802

    (16,643

    )

    Cash Flows From Operating Activities

    $

    9,395

    $

    6,254

    $

    53,780

    $

    25,717

    (1)

    Consolidated adjusted EBITDA, net interest expense, and free cash flow are defined on page 2.

    (2)

    Capital expenditures are not part of the consolidated statement of operations.

    Christopher T. Young

    Chief Financial Officer

    Entravision Communications Corporation

    310-447-3870

    Kimberly Esterkin

    ADDO Investor Relations

    310-829-5400

    evc@addo.com

    Source: Entravision Communications Corporation

  • Entravision Expands into Africa and Acquires Leading Advertising Solutions Company 365 Digital

    Entravision Expands into Africa and Acquires Leading Advertising Solutions Company 365 Digital

    The acquisition provides access to a high-growth, emerging digital advertising industry with significant expansion opportunities across Africa

    SANTA MONICA, Calif.–(BUSINESS WIRE)–
    Entravision (NYSE: EVC) (“Entravision” or “the Company”) announced today that it has acquired 365 Digital, a digital advertising solutions company headquartered in South Africa. This investment provides Entravision with a geographic foothold in Africa, as the Company looks to expand its breadth of digital services to new emerging markets.

    This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211104006250/en/

    Headquartered in Cape Town, South Africa, 365 Digital maintains exclusive sales representations with TikTok, the leading destination for short-form mobile video and brand solutions, and Anzu, an in-game advertising platform, and is also the authorized representative for Triton Digital, a leader in the digital audio streaming and podcasting market. 365 Digital also offers end-to-end digital publisher solutions for premier South African publishers, including a proprietary digital ad network.

    “We are very pleased to announce our acquisition of 365 Digital and our continued global expansion,” said Walter Ulloa, Chairman and Chief Executive Officer of Entravision. “365 Digital’s strong management team will fit seamlessly into Entravision’s growing digital business, and we look forward to leveraging their regional expertise and existing big tech representations to scale Entravision’s digital platform across Africa. This acquisition fully aligns with our vision to position Entravision as a global digital marketing solutions powerhouse, serving brands and local leaders with advanced branding, performance and programmatic needs. We’ve strategically expanded our geographic footprint into some of the fastest growing marketplaces across the globe and, as reported today in our third quarter 2021 earnings press release, digital revenue increased nearly 10 times more than the prior-year period.”

    Entravision’s acquisition of 365 Digital continues the Company’s evolution into a leading marketing technology service provider in the world’s highest growth economies. Sub-Saharan Africa is an extremely attractive digital marketplace with nearly 500 million digitally connected consumers. Importantly, the Sub-Saharan Africa customer, including those in South Africa, Kenya, Nigeria and Ghana, is young, tech-savvy and digitally connected.

    “This is a major milestone for our company, and we are excited to join Entravision,” said Julian Jordaan, Chief Executive Officer of 365 Digital. “We see tremendous synergies between our two companies not just in traditional digital advertising, but also in digital audio, mobile and programmatic advertising. I am confident that with Entravision’s expertise, guidance and global platform, we will be able to take our company to the next level and attract an even stronger demand for our innovative services.”

    This acquisition follows Entravision’s recent acquisitions of Cisneros Interactive, a leader in the rapidly growing digital advertising sector in Latin America and globally, and MediaDonuts, a leader in digital marketing solutions covering seven countries in Southeast Asia. Upon the closing of this transaction, all 365 Digital employees will remain with the company and Julian Jordaan will continue to serve as CEO of the business based out of its headquarters in Cape Town. For more information on Entravision, please review the Company’s most recent filings with the Securities and Exchange Commission on Form 8-K.

    About Entravision Communications Corporation

    Entravision is a diversified global media, marketing and technology company serving clients throughout the United States and in fast growing population centers in more than 30 countries across Latin America, Europe, Asia and Africa. Our dynamic portfolio of services includes digital, television and radio offerings. Digital, our largest revenue segment, is comprised of five core businesses: Entravision Digital, Smadex, Entravision-Cisneros Interactive, MediaDonuts, and 365 Digital. Entravision Digital provides branding and performance digital solutions to clients and small- and mid-size businesses throughout the world, including the U.S., Latin America and Europe. Smadex provides cutting-edge mobile programmatic solutions and demand-side platforms which enable advertisers to effectively execute performance campaigns using machine-learned bidding algorithms. Entravision-Cisneros Interactive provides unique digital marketing solutions representing major global publishers and ad-tech platforms in Latin America, while also managing the leading digital audio network and solutions player Audio.Ad. MediaDonuts provides digital marketing performance and branding services in the Southeast Asia region and maintains unique commercial partnerships with some of the world’s leading digital publishers and social media platforms. 365 Digital is a digital advertising solutions provider that offers exclusive sales representations with major global platforms in South Africa. Beyond digital, Entravision has 53 television stations and is the largest affiliate group of the Univision and UniMás television networks. Entravision also manages 46 primarily Spanish-language radio stations that feature nationally recognized, Emmy award-winning talent. Shares of Entravision Class A Common Stock trade on the NYSE under ticker: EVC. Learn more about all of our innovative media, marketing and technology offerings at entravision.com or connect with us on social on LinkedIn and Facebook.

    About 365 Digital

    365 Digital is an African online media and ad-technology business with a rich heritage in the African advertising industry. 365 Digital represents the largest publishers and platforms in and helps global brands reach connected consumers and drive business impact. With a mission to connect publishers to brands, and brands to consumers, 365 Digital helps brands reach audiences at scale through its exclusive partnership with leading platforms like TikTok, Anzu, Zando.co.za, OLX and EWN. Headquartered in Cape Town and with offices in Johannesburg, South Africa, the business is committed to unlocking the true potential of premium publisher platforms and to providing advertisers access to audiences at scale.

    Forward Looking Statements

    This press release contains certain forward-looking statements, including without limitation the Company’s current expectations and intentions with respect to the filing of its Form 10-K. 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:


    Christopher T. Young

    Chief Financial Officer

    310-447-3870

    Kimberly Esterkin

    ADDO Investor Relations

    310-829-5400

    evc@addo.com

    365 Digital:


    Julian Jordaan

    Chief Executive Officer

    +27 21 555 1975

    Julian@365Digital.co.za

    Source: Entravision

  • Entravision Radio Network’s Shoboy Show Now Syndicated in Washington, DC

    Entravision Radio Network’s Shoboy Show Now Syndicated in Washington, DC

    SANTA MONICA, Calif.–(BUSINESS WIRE)–
    Entravision Communications Corporation (NYSE: EVC), a leading global media and marketing technology company, announced today that the Shoboy Show hosted by Edgar “Shoboy” Sotelo is now also being syndicated in Washington, DC on WLZL-FM. The Shoboy Show is a feel-good entertainment experience that’s real, relatable and fun. The program airs on Entravision’s Latin Urban Fuego Hot Hits stations and targets the new generation of bilingual Latinos who live the “Spanglish” lifestyle.

    Entravision has an exclusive sales agreement to represent the Shoboy Show nationally on a network basis and has been actively expanding the program’s market base over the past two years. In 2020, the show launched in McAllen, TX (KKPS 99.5 FM), Sacramento, CA (KHHM 103.5 FM) and Stockton-Modesto, CA (KCVR 98.9 FM) in August; in Albuquerque, New Mexico (KJFA 102.9 AM-FM) in October; and in Salt Lake City, UT (KBMG 106.3 FM) in November.

    In 2021, the Shoboy Show debuted in Santa Barbara-Santa Maria, CA (KRTO 97.1 FM) in January, followed by Las Vegas, NV (KRRN 92.7 FM) and Palm Springs, CA (KPST 103.5 FM) in March, and San Diego, CA (XRST 107.7 FM) and Houston, TX (KLOL 101.1 FM) in June. With the Washington, DC market, 11 stations now syndicate the program.

    WHERE: El Zol, 107.9, WLZL-FM, Washington, DC

    WHEN: 7 – 11 PM ET, as of November 1, 2021

    “The Shoboy Show has been a great success across our network,” said Chris Munoz, Entravision’s EVP of National Sales. “We are thrilled to bring this popular program to our nation’s capital and continue to see it grow its listener base.”

    “We are super excited to be expanding our coast-to-coast reach by joining the amazing “El Zol 107.9” in Washington, DC,” said Edgar “Shoboy” Sotelo. “We hope to be able to expand our show into even more cities and communities in the future.”

    About Entravision Communications Corporation

    Entravision is a diversified global media, marketing and technology company serving clients throughout the United States and in fast growing population centers in more than 30 countries across Latin America, Europe and Asia. Our dynamic portfolio of services includes digital, television and radio offerings. Digital, our largest revenue segment, is comprised of four core businesses: Entravision Digital, Smadex, Cisneros Interactive and MediaDonuts. Entravision Digital provides branding and performance digital solutions to clients and small- and mid-size businesses throughout the world, including the U.S., Latin America and Europe. Smadex provides cutting-edge mobile programmatic solutions and demand-side platforms which enable advertisers to effectively execute performance campaigns using machine-learned bidding algorithms. Cisneros Interactive provides unique digital marketing solutions representing major global publishers and ad-tech platforms in Latin America, while also managing the leading digital audio network and solutions player Audio.Ad. MediaDonuts provides digital marketing performance and branding services in the Southeast Asia region and maintains unique commercial partnerships with some of the world’s leading digital publishers and social media platforms. Beyond the digital space, Entravision has 54 television stations and is the largest affiliate group of the Univision and UniMás television networks. Entravision also manages 47 primarily Spanish-language radio stations that feature nationally recognized, Emmy award-winning talent. Shares of Entravision Class A Common Stock trade on the NYSE under ticker: EVC. Learn more about all of our innovative media, marketing and technology offerings at entravision.com or connect with us on social on LinkedIn and Facebook.

    Contact for Affiliation:


    Andrea Becerra Prado

    abecerra@entravision.com

    323-900-6302

    Contact for Entravision:


    Kimberly Esterkin

    Addo Investor Relations

    evc@addo.com

    310-829-5400

    Source: Entravision Communications Corporation

  • Entravision Communications Corporation Schedules Third Quarter 2021 Earnings Release and Conference Call

    Entravision Communications Corporation Schedules Third Quarter 2021 Earnings Release and Conference Call

    SANTA MONICA, Calif.–(BUSINESS WIRE)–
    Entravision Communications Corporation (NYSE: EVC), a leading global media and marketing technology company, announced that it will release its third quarter 2021 financial results after market close on Thursday, November 4, 2021. The Company will host a conference call that day at 5:00 p.m. Eastern Time to discuss the third quarter results.

    To access the conference call, please dial (877) 407-9716 (U.S.) or (201) 493-6779 (International) 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 18, 2021 which can be accessed by dialing (844) 512-2921 (U.S.) or (412) 317-6671 (International) and entering the passcode 13723009. The webcast will also be archived on the Company’s website.

    About Entravision Communications Corporation

    Entravision is a diversified global media, marketing and technology company serving clients throughout the United States and in fast growing population centers in more than 30 countries across Latin America, Europe and Asia. Our dynamic portfolio of services includes digital, television and radio offerings. Digital, our largest revenue segment, is comprised of four core businesses: Entravision Digital, Smadex, Cisneros Interactive and MediaDonuts. Entravision Digital provides branding and performance digital solutions to clients and small- and mid-size businesses throughout the world, including the U.S., Latin America and Europe. Smadex provides cutting-edge mobile programmatic solutions and demand-side platforms which enable advertisers to effectively execute performance campaigns using machine-learned bidding algorithms. Cisneros Interactive provides unique digital marketing solutions representing major global publishers and ad-tech platforms in Latin America, while also managing the leading digital audio network and solutions player Audio.Ad. MediaDonuts provides digital marketing performance and branding services in the Southeast Asia region and maintains unique commercial partnerships with some of the world’s leading digital publishers and social media platforms. Beyond the digital space, Entravision has 54 television stations and is the largest affiliate group of the Univision and UniMás television networks. Entravision also manages 47 primarily Spanish-language radio stations that feature nationally recognized, Emmy award-winning talent. Shares of Entravision Class A Common Stock trade on the NYSE under ticker: EVC. Learn more about all of our innovative media, marketing and technology offerings at entravision.com or connect with us on social on LinkedIn and Facebook.

    Christopher T. Young

    Chief Financial Officer

    Entravision Communications Corporation

    310-447-3870

    Kimberly Esterkin

    ADDO Investor Relations

    310-829-5400

    evc@addo.com

    Source: Entravision Communications Corporation

  • Entravision Announces Launch of New Morning Radio Program ‘El Show del Raton’

    Entravision Announces Launch of New Morning Radio Program ‘El Show del Raton’

    SANTA MONICA, Calif.–(BUSINESS WIRE)–
    Entravision Communications Corporation (NYSE: EVC), a leading global media and marketing technology company, announced the launch of its newest morning radio program ‘El Show del Raton’. Bringing high energy and entertainment to the Hispanic community, Martin Alfonso Romero, ‘El Raton’, alongside co-host Liz Ramos, ‘La Pitaya’, and show producer Jacob Argueta, ‘El Pinolillo’, bring relevant, upbeat and humorous programming to the AM listening community. Listeners can catch this dynamic trio each morning from 5 AM to 10 AM PST on La Tricolor Network and from 6 AM to 10 AM PST on Los Angeles KDLD Viva 103.1 FM, beginning October 18, 2021.

    Martin Alfonso Romero, known to his loyal listeners as ‘El Raton’, has 25 years of experience in the radio industry. A native of Puerto Vallarta, Mexico, he has spent the last two decades in the United States bringing his own regional Mexican perspective to his U.S. radio programming. A strong radio voice that can handle all content from music to news and live events, Romero’s goal has always been to bring smiles and entertainment to his listeners. His energy is very well complemented by his co-host, La Pitaya, a single mother who brings a great female perspective to the show.

    In addition to the Rata News and Los Balonazos sports segments featuring on-air talent Tony Nuñez, listeners of ‘El Show del Raton’ can expect a wide range of content & comedy, including discussions on topics such as politics and immigration to lighthearted gossip, sports and family issues.

    “We are extremely excited to introduce our newest morning radio program to Tricolor Network and Viva 103.1 FM listeners,” said Nestor Rocha, Vice President of Audio, Entravision. “Martin Romero’s deep connection with the Hispanic community, together with his long, successful on-air career, are a strong combination that is sure to bring our listeners more entertainment value.”

    “I am honored to headline the morning show lineup of La Tricolor Network and KDLD LA,” said Martin Romero. “I started my career over two decades ago in my home country of Mexico and upon coming to the United States, it was my goal to create a program that was a combination of humor, energy, freshness and information with the best Mexican regional music. ‘El Show del Raton’ is just that, and I’ve been living the dream ever since. I know our listeners will enjoy it.”

    ‘El Show del Raton’ is available starting today on Viva 103.1 FM as well as multiple radio stations across La Tricolor Network. You can follow ‘El Raton’ and his co-host ‘La Pitaya’ on Facebook @elratonradio and on Instagram at @elshowdelraton and @lapitaya1. Listen in on October 25th when ‘El Show del Raton’ launches the “Doble Trancazo” campaign where listeners can win $1,000 dollars a day in cash prizes.

    ‘El Show del Raton’ Tricolor FM Network List:

    Market

    Call Letters

    Station

    Aspen

    KPVW

    107.1 and 104.3

    Denver

    KXPK

    96.5

    El Centro

    KMXX

    99.3

    El Paso

    KYSE

    94.7

    Las Vegas

    KQRT

    105.1

    Lubbock

    KAIQ

    95.5

    Sacramento

    KRCX

    99.9

    Monterey-Salinas

    KLOK

    99.5 and 99.9

    Stockton

    KMIX

    100.9

    Phoenix

    KLNZ

    103.5

    Reno

    KRNV

    102.1

    About Entravision Communications Corporation

    Entravision is a diversified global media, marketing and technology company serving clients throughout the United States and in fast growing population centers in more than 30 countries across Latin America, Europe and Asia. Our dynamic portfolio of services includes digital, television and radio offerings. Digital, our largest revenue segment, is comprised of four core businesses: Entravision Digital, Smadex, Cisneros Interactive and MediaDonuts. Entravision Digital provides branding and performance digital solutions to clients and small- and mid-size businesses throughout the world, including the U.S., Latin America and Europe. Smadex provides cutting-edge mobile programmatic solutions and demand-side platforms which enable advertisers to effectively execute performance campaigns using machine-learned bidding algorithms. Cisneros Interactive provides unique digital marketing solutions representing major global publishers and ad-tech platforms in Latin America, while also managing the leading digital audio network and solutions player Audio.Ad. MediaDonuts provides digital marketing performance and branding services in the Southeast Asia region and maintains unique commercial partnerships with some of the world’s leading digital publishers and social media platforms. Beyond the digital space, Entravision has 54 television stations and is the largest affiliate group of the Univision and UniMás television networks. Entravision also manages 47 primarily Spanish-language radio stations that feature nationally recognized, Emmy award-winning talent. Shares of Entravision Class A Common Stock trade on the NYSE under ticker: EVC. Learn more about all of our innovative media, marketing and technology offerings at entravision.com or connect with us on social on LinkedIn and Facebook.

    Kimberly Esterkin

    Addo Investor Relations

    evc@addo.com

    310-829-5400

    Source: Entravision Communications Corporation

  • Entravision Announces Participation in the Deutsche Bank 2021 Leveraged Finance Conference

    Entravision Announces Participation in the Deutsche Bank 2021 Leveraged Finance Conference

    SANTA MONICA, Calif.–(BUSINESS WIRE)–
    Entravision Communications Corporation (NYSE: EVC), a leading global media and marketing technology company, today announced its participation in the Deutsche Bank 2021 Leveraged Finance Conference to be held October 4-6, 2021. Christopher Young, Chief Financial Officer and Treasurer, will present at 3:15 p.m. Eastern Time on Wednesday, October 6, 2021 and host meetings throughout the day.

    The presentation will be webcast live over the Internet, and a link to the live webcast and replay will be available on Entravision’s Investor Relations website at investor.entravision.com.

    About Entravision Communications Corporation

    Entravision is a diversified global media, marketing and technology company serving clients throughout the United States and in fast growing population centers in more than 30 countries across Latin America, Europe and Asia. Our dynamic portfolio of services includes digital, television and radio offerings. Digital, our largest revenue segment, is comprised of four core businesses: Entravision Digital, Smadex, Cisneros Interactive and MediaDonuts. Entravision Digital provides branding and performance digital solutions to clients and small- and mid-size businesses throughout the world, including the U.S., Latin America and Europe. Smadex provides cutting-edge mobile programmatic solutions and demand-side platforms which enable advertisers to effectively execute performance campaigns using machine-learned bidding algorithms. Cisneros Interactive provides unique digital marketing solutions representing major global publishers and ad-tech platforms in Latin America, while also managing the leading digital audio network and solutions player Audio.Ad. MediaDonuts provides digital marketing performance and branding services in the Southeast Asia region and maintains unique commercial partnerships with some of the world’s leading digital publishers and social media platforms. Beyond the digital space, Entravision has 54 television stations and is the largest affiliate group of the Univision and UniMás television networks. Entravision also manages 47 primarily Spanish-language radio stations that feature nationally recognized, Emmy award-winning talent. Shares of Entravision Class A Common Stock trade on the NYSE under ticker: EVC. Learn more about all of our innovative media, marketing and technology offerings at entravision.com or connect with us on social on LinkedIn and Facebook.

    Christopher T. Young

    Chief Financial Officer

    Entravision Communications Corporation

    310-447-3870

    Kimberly Esterkin

    ADDO Investor Relations

    310-829-5400

    evc@addo.com

    Source: Entravision Communications Corporation

  • Entravision Announces Participation in the Singular Research Compelling Values Webinar

    Entravision Announces Participation in the Singular Research Compelling Values Webinar

    SANTA MONICA, Calif.–(BUSINESS WIRE)–
    Entravision Communications Corporation (NYSE: EVC), a leading global media and marketing technology company, today announced its participation in the Singular Research Compelling Values Webinar to be held on September 16, 2021. Christopher Young, Chief Financial Officer and Treasurer, will present at 3:15 p.m. Eastern Time.

    The presentation will be webcast live over the Internet, and a link to the live webcast and replay will be available on Entravision’s Investor Relations website at investor.entravision.com.

    About Entravision Communications Corporation

    Entravision is a diversified global media, marketing and technology company serving clients throughout the United States and in fast growing population centers in more than 30 countries across Latin America, Europe and Asia. Our dynamic portfolio of services includes digital, television and radio offerings. Digital, our largest revenue segment, is comprised of four core businesses: Entravision Digital, Smadex, Cisneros Interactive and MediaDonuts. Entravision Digital provides branding and performance digital solutions to clients and small- and mid-size businesses throughout the world, including the U.S., Latin America and Europe. Smadex provides cutting-edge mobile programmatic solutions and demand-side platforms which enable advertisers to effectively execute performance campaigns using machine-learned bidding algorithms. Cisneros Interactive provides unique digital marketing solutions representing major global publishers and ad-tech platforms in Latin America, while also managing the leading digital audio network and solutions player Audio.Ad. MediaDonuts provides digital marketing performance and branding services in the Southeast Asia region and maintains unique commercial partnerships with some of the world’s leading digital publishers and social media platforms. Beyond the digital space, Entravision has 54 television stations and is the largest affiliate group of the Univision and UniMás television networks. Entravision also manages 47 primarily Spanish-language radio stations that feature nationally recognized, Emmy award-winning talent. Shares of Entravision Class A Common Stock trade on the NYSE under ticker: EVC. Learn more about all of our innovative media, marketing and technology offerings at entravision.com or connect with us on social on LinkedIn and Facebook.

    Christopher T. Young

    Chief Financial Officer

    Entravision Communications Corporation

    310-447-3870

    Kimberly Esterkin

    ADDO Investor Relations

    310-829-5400

    evc@addo.com

    Source: Entravision Communications Corporation

  • Entravision Continues Digital and International Expansion with Full Acquisition of the Remaining Interest in Cisneros Interactive

    Entravision Continues Digital and International Expansion with Full Acquisition of the Remaining Interest in Cisneros Interactive

    • Entravision now owns 100% interest in Cisneros Interactive, a leader in the rapidly growing digital advertising sector in Latin America
    • Cisneros Interactive will continue managing the operating business and client outreach, with Victor Kong as its CEO
    • Entravision and Cisneros will maintain their strong partnership and will continue to collaborate on potential new digital initiatives worldwide
    • Entravision’s digital platform continues to strengthen with global reach that spans over 30 countries across the U.S., Latin America, Europe and Asia

    SANTA MONICA, Calif.–(BUSINESS WIRE)–
    Entravision Communications Corporation (NYSE: EVC) (“Entravision” or “the Company”), a leading global media and marketing technology company, today announced that the Company has acquired the remaining 49% interest in Cisneros Interactive. Entravision now owns 100% of Cisneros Interactive, having first acquired a majority stake in the company in October 2020. With this full acquisition, Entravision will further position the combined platforms and service portfolio to be one of the largest premier global digital advertising solutions companies.

    This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210831005982/en/

    Over the past decade, through both organic growth and acquisitions, Entravision’s digital marketing offerings have expanded significantly. Entravision’s Digital business now focuses on several key areas, including: Top Tier global audience and media representations; programmatic technology; digital audio solutions advertising and branding; and mobile performance solutions. Cisneros Interactive maintains unique sales partnerships in 17 Latin American countries, including partnerships with Facebook, Spotify and LinkedIn. The company also offers digital audio solutions and services through representation of a vast audience reached through 350 publishers.

    “We are very pleased to continue to invest in the Cisneros Interactive – Entravision business to enhance our digital market leadership,” said Walter Ulloa, Chairman and Chief Executive Officer of Entravision. “This joint venture has been a great addition to Entravision, with impressively strong performance, leadership and culture. Digital revenues have surged over the past three quarters since our majority investment in Cisneros Interactive, and we plan to continue to invest in expanding our global footprint, management and digital service tools.”

    With the full ownership of Cisneros Interactive, along with Entravision’s most recent acquisition of MediaDonuts, which added digital capabilities in 7 countries in Asia, digital now comprises 73% of consolidated revenue as of the most recently reported quarter ended June 30, 2021. Digital Segment revenue improved over 1,000% year-over-year to total $130.2 million for the second quarter 2021.

    “We are excited about this transaction and our continued partnership with Entravision,” said Adriana Cisneros, CEO of Cisneros. “Working with Entravision over the past nine months has been an incredible opportunity to grow the Cisneros Interactive business with Entravision’s resources and broad network capabilities that have further enhanced the strong client and partnership relationships we have built with some of the world’s leading digital companies. Cisneros plans to maintain this active partnership with Entravision by having the Cisneros Interactive management team continue to manage the business and by exploring new digital ventures at a global scale.”

    “Today’s announcement is a major milestone for the Cisneros Interactive and Entravision team, and I would like to thank them and our partners for making this accomplishment possible,” said Victor Kong, Chief Executive Officer of Cisneros Interactive. “With the support of Entravision, Cisneros Interactive’s business has reached new heights. Now, with Entravision acquiring full ownership of our company, we can take our leadership position even further with additional synergies and by further expanding our global reach.”

    For more information on the transaction, please review the Company’s most recent filings with the Securities and Exchange Commission on Form 8-K.

    About Entravision

    Entravision is a diversified global media, marketing and technology company serving clients throughout the United States and in fast growing population centers in more than 30 countries across Latin America, Europe and Asia. Our dynamic portfolio of services includes digital, television and radio offerings. Digital, our largest revenue segment, is comprised of four core businesses: Entravision Digital, Smadex, Cisneros Interactive and MediaDonuts. Entravision Digital provides branding and performance digital solutions to clients and small- and mid-size businesses throughout the world, including the U.S., Latin America and Europe. Smadex provides cutting-edge mobile programmatic solutions and demand-side platforms which enable advertisers to effectively execute performance campaigns using machine-learned bidding algorithms. Cisneros Interactive provides unique digital marketing solutions representing major global publishers and ad-tech platforms in Latin America, while also managing the leading digital audio network and solutions player Audio.Ad. MediaDonuts provides digital marketing performance and branding services in the Southeast Asia region and maintains unique commercial partnerships with some of the world’s leading digital publishers and social media platforms. Beyond the digital space, Entravision has 54 television stations and is the largest affiliate group of the Univision and UniMás television networks. Entravision also manages 47 primarily Spanish-language radio stations that feature nationally recognized, Emmy award-winning talent. Shares of Entravision Class A Common Stock trade on the NYSE under ticker: EVC. Learn more about all of our innovative media, marketing and technology offerings at entravision.com or connect with us on social on LinkedIn and Facebook.

    About Cisneros Interactive

    Cisneros Interactive is the leading digital advertising company serving the Latin America region. The company has an active presence in 17 countries, leveraging unique commercial partnerships with Facebook, Spotify, LinkedIn and other leading media and technology platforms. In addition, the company has the leading digital audio ad network with more than 350 publishers through a full solution technology stack tech offering under the Audio.Ad brand. Cisneros Interactive is a business unit of Entravision Communications Corporation (NYSE: EVC).

    Forward Looking Statements

    This press release contains certain forward-looking statements, including without limitation the Company’s current expectations and intentions with respect to the filing of its Form 10-K. 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:


    Christopher T. Young

    Chief Financial Officer

    310-447-3870

    Kimberly Esterkin

    ADDO Investor Relations

    310-829-5400

    evc@addo.com

    Source: Entravision Communications Corporation

  • Entravision Announces Participation in Upcoming Investor Events

    Entravision Announces Participation in Upcoming Investor Events

    SANTA MONICA, Calif.–(BUSINESS WIRE)–
    Entravision Communications Corporation (NYSE: EVC), a leading global media and marketing technology company, today announced its participation in the following upcoming investor events:

    • Noble Capital Markets’ Virtual Road Show Series, presented by Channelchek, scheduled for August 10, 2021. Christopher Young, Chief Financial Officer and Treasurer, will participate in a fireside chat with Noble Senior Research Analyst Michael Kupinski to be broadcast live at 1:00 p.m. Eastern Time.
    • Sidoti Summer Virtual Microcap Investor Conference scheduled for August 19, 2021. Christopher Young, Chief Financial Officer and Treasurer, will present at 1:00 p.m. Eastern Time as well as host meetings with investors throughout the day.

    The presentations will be webcast live over the Internet, and links to the live webcasts and replays will be available on Entravision’s Investor Relations website at investor.entravision.com.

    About Entravision Communications Corporation

    Entravision is a diversified global media, marketing and technology company serving clients throughout the United States and in 32 countries across Latin America, Europe, and Asia. Entravision has 54 television stations and is the largest affiliate group of the Univision and UniMás television networks, and 47 Spanish-language radio stations that feature nationally recognized, award-winning talent. Our dynamic digital portfolio includes Entravision Digital, which serves SMBs in high-density U.S. Latino markets and provides cutting-edge mobile programmatic solutions and demand-side platforms that allow advertisers to execute performance campaigns using machine-learned bidding algorithms, along with Cisneros Interactive, a leader in digital advertising solutions in the Latin American and U.S. Hispanic markets representing major technology platforms, and MediaDonuts, a leader in programmatic digital solutions in Southeast Asia. Shares of Entravision Class A Common Stock trade on The New York Stock Exchange under the ticker symbol: EVC. Learn more about all of our marketing, media, and technology offerings at entravision.com or connect with us on LinkedIn and Facebook.

    Christopher T. Young

    Chief Financial Officer

    Entravision Communications Corporation

    310-447-3870

    Kimberly Esterkin

    ADDO Investor Relations

    310-829-5400

    evc@addo.com

    Source: Entravision Communications Corporation

  • Entravision Announces Transition of Fuego Radio Format to KHHM 101.9 FM Sacramento

    Entravision Announces Transition of Fuego Radio Format to KHHM 101.9 FM Sacramento

    SANTA MONICA, Calif.–(BUSINESS WIRE)–
    Entravision Communications Corporation (NYSE: EVC), a leading global media and marketing technology company, today announced the following:

    WHAT:

    Entravision’s Fuego Radio – the hottest radio format – just got bigger and is now featured on its 101.9 FM station in Sacramento, California. Fuego Radio presents a music mix ignited by today’s top trending global Latin Urban music movement combined with Hot Hits, including top artists such as Bad Bunny, Dua Lipa, J Balvin, Olivia Rodrigo, Cardi B, The Weeknd and Rauw Alejandro. In addition to hit music, each morning 101.9 FM listeners can enjoy the antics of Edgar “Shoboy” Sotelo on the popular Shoboy Show. The Shoboy Show targets the new generation of bilingual Latinos who live the “Spanglish” lifestyle and is a feel-good entertainment experience that’s real, relatable and fun.

    To remind listeners of the dial position change, Fuego Radio, previously on 103.5 FM in Sacramento, launched a call to action countdown campaign promoting its new home on 101.9 FM.

    WHERE:

    KHHM-FM, Sacramento 101.9 FM – as of August 2, 2021

    About Entravision Communications Corporation

    Entravision is a diversified global media, marketing and technology company serving clients throughout the United States and in 32 countries across Latin America, Europe, and Asia. Entravision has 54 television stations and is the largest affiliate group of the Univision and UniMás television networks, and 47 Spanish-language radio stations that feature nationally recognized, award-winning talent. Our dynamic digital portfolio includes Entravision Digital, which serves SMBs in high-density U.S. Latino markets and provides cutting-edge mobile programmatic solutions and demand-side platforms that allow advertisers to execute performance campaigns using machine-learned bidding algorithms, along with Cisneros Interactive, a leader in digital advertising solutions in the Latin American and U.S. Hispanic markets representing major technology platforms, and MediaDonuts, a leader in programmatic digital solutions in Southeast Asia. Shares of Entravision Class A Common Stock trade on The New York Stock Exchange under the ticker symbol: EVC. Learn more about all of our media, marketing and technology offerings at entravision.com or connect with us on LinkedIn and Facebook.

    Contact for Entravision:


    Kimberly Esterkin

    Addo Investor Relations

    evc@addo.com

    310-829-5400

    Contact for Affiliate Sales:


    Marisol Rodriguez

    Affiliate Relations Manager

    marisolrodriguez@entravision.com

    Contact for Local Sales:


    Angelica “Angie” Balderas

    SVP Integrated Marketing Solutions

    abaldera@entravision.com

    Source: Entravision Communications Corporation