Tag: UniMás

  • 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 Announces Strategic Amendment to Its Credit Agreement

    Entravision Announces Strategic Amendment to Its Credit Agreement

    BURBANK, Calif.–(BUSINESS WIRE)–
    Entravision Communications Corporation (NYSE: EVC), a global media and advertising technology company, announced that on July 15, 2025 it entered into a strategic amendment to its credit agreement. The move is intended to increase the company’s financial stability and accelerate debt reduction, resulting in lower financial risk through the term of its credit facility, which matures in March 2028.

    “We are pleased with the strategic changes we’ve made to our credit facility,” said Mark Boelke, Chief Financial Officer of Entravision. “Reducing debt is a key priority for Entravision that will provide operational and financial stability and flexibility. The media industry is undergoing unprecedented changes and this amendment provides us with additional financial flexibility to navigate these changes and build shareholder value.”

    Key provisions of the amendment include:

    Accelerated debt reduction

    • Scheduled quarterly term loan payments increased to $5 million from $2.5 million. This follows a voluntary prepayment of $10 million in the second quarter of 2025 and further strengthens the company’s low leverage ratios.
    • Revolving credit facility commitments decreased to $30 million from $75 million, optimizing available liquidity while reducing commitment fees.

    Enhanced financial stability

    • The net leverage ratio will be calculated on a trailing eight-quarter basis, instead of a trailing four-quarter basis, and the maximum permitted net leverage ratio increased to 4.0x from 3.25x. These changes are intended to moderate the effects of cyclical political advertising revenue, and provide a more stable leverage profile and greater operational flexibility.

    Additional details about the amendment to the credit agreement are available in the company’s Current Report on Form 8-K filed today with the U.S. Securities and Exchange Commission.

    About Entravision Communications Corporation

    Entravision is a global 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 globally. 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 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 to Announce First Quarter 2025 Financial Results

    Entravision to Announce First Quarter 2025 Financial Results

    BURBANK, Calif.–(BUSINESS WIRE)–
    Entravision (NYSE: EVC), a media and advertising technology company, announced today that it will release its first quarter 2025 financial results after market close on Thursday, May 8, 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 Thursday, May 22, 2025, which can be accessed by dialing 1-844-512-2921 or 1-412-317-6671 and entering the passcode 1177748. 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 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

  • Eduardo Maytorena Joins Entravision as Senior Vice President and General Sales Manager for Los Angeles

    Eduardo Maytorena Joins Entravision as Senior Vice President and General Sales Manager for Los Angeles

    SANTA MONICA, Calif.–(BUSINESS WIRE)–
    Entravision is excited to announce the appointment of Eduardo Maytorena as Senior Vice President and General Sales Manager for Los Angeles. Eduardo brings an extensive and accomplished track record in driving revenue growth, creating impactful campaigns, and leading diverse teams across the media, entertainment, and advertising industries.

    Eduardo Maytorena, SVP and General Sales Manager, Los Angeles (Photo: Business Wire)

    Eduardo Maytorena, SVP and General Sales Manager, Los Angeles (Photo: Business Wire)

    “We are thrilled to welcome Eduardo to the Entravision family,” said Juan Navarro, Chief Revenue Officer of Entravision. “Eduardo’s extensive experience, creative vision, and dedication to serving the Latino community make him an invaluable asset to our leadership team. We look forward to seeing his contributions elevate our sales strategy and community engagement in Los Angeles,” Navarro added.

    Eduardo’s dynamic career includes pivotal roles with Spanish Broadcasting System, Radio Centro, and HOY Newspaper. At Spanish Broadcasting System, he served as General Sales Manager, where his strategic leadership significantly boosted market performance. During his tenure at Radio Centro, Eduardo aligned programming, promotions, and sales efforts, becoming one of the station’s top revenue performers. At HOY newspaper, Eduardo worked closely with major regional accounts to craft comprehensive 360-degree campaigns.

    In his new role as SVP of Sales for Los Angeles, Eduardo will leverage his expertise in multicultural marketing and his deep understanding of the Latino community to strengthen Entravision’s presence in the market. Eduardo’s innovative approach and commitment to excellence will play a key role in driving sales growth, increasing client relationships, and delivering impactful results for the company’s diverse portfolio of media properties.

    “I have always admired Entravision’s commitment to connecting with the diverse tapestry and communities that make up Los Angeles and I am incredibly privileged to lead as the SVP, General Manager,” said Eduardo Maytorena. “Together, we will amplify local voices, drive unparalleled results for our advertising partners, and ensure that brands not only reach but truly connect with our dynamic audience across all channels.”

    About Entravision Communications Corporation

    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 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.

  • Entravision Enhances Los Angeles Leadership Sales Team with Strategic Hires

    Entravision Enhances Los Angeles Leadership Sales Team with Strategic Hires

    SANTA MONICA, Calif.–(BUSINESS WIRE)–
    Entravision is proud to announce the addition of two seasoned executives to its leadership sales team, underscoring its dedication to innovation, growth, and delivering exceptional value to clients, audiences, and partners. Both new hires, Edwin Garcia and LeaAnna Hernandez, are based in Los Angeles, further solidifying Entravision’s strong presence in this key market.

    Edwin Garcia, VP of Digital Sales, Entravision (Photo: Business Wire)

    Edwin Garcia, VP of Digital Sales, Entravision (Photo: Business Wire)

    Edwin Garcia, Vice President of Digital Sales

    With over 20 years of experience in multicultural media and consultative sales, Edwin Garcia joins Entravision as Vice President of Sales. Previously the Sales Director at NGLmitú, Edwin successfully drove revenue growth and forged partnerships with Fortune 500 companies and leading media agencies. At Univision, he led sales teams across Los Angeles, Phoenix, and Tucson, excelling across Digital, Social, TV, and Radio platforms. Edwin’s deep expertise in the U.S. Hispanic market and strategic acumen will be key to advancing Entravision’s sales initiatives and market presence. His focus will also include empowering clients with tailored digital marketing solutions to help them achieve measurable success in reaching multicultural audiences.

    LeaAnna Hernandez, Vice President of Digital Sales

    LeaAnna Hernandez, a forward-thinking leader with a proven track record in branding, marketing, and growth strategies, steps into the role of Vice President of Digital Sales. Her career spans impactful collaborations with agencies, and global brands, delivering forward-thinking, tech-driven solutions. As an entrepreneur and strategist, LeaAnna is skilled at identifying opportunities and executing creative approaches to drive results. At Entravision, she will apply her cultural intelligence and expertise to accelerate growth and transformation within the digital space, ensuring clients are equipped with innovative digital marketing strategies to maximize their returns and engagement with diverse audiences.

    “We are thrilled to welcome Edwin and LeaAnna to the Entravision family,” said Juan Navarro, Chief Revenue Officer at Entravision. “Their leadership, expertise, and innovative vision will be pivotal as we continue to expand our capabilities and provide world-class media and sales solutions tailored to our diverse and growing audiences.”

    As a leader in connecting brands with one of the fastest-growing demographics in the U.S., Entravision remains committed to empowering businesses with cutting-edge media & marketing solutions while amplifying the voices and stories of multicultural communities. The addition of Edwin and LeaAnna further strengthens Entravision’s mission to bridge brands and audiences through innovation and meaningful engagement.

    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.

  • Entravision’s White House Correspondent Stephanie Ochoa Honored with 2024 Foreign Press Excellence Award

    Entravision’s White House Correspondent Stephanie Ochoa Honored with 2024 Foreign Press Excellence Award

    Ceremony will take place tonight at the National Press Club in Washington D.C.

    SANTA MONICA, Calif.–(BUSINESS WIRE)–
    Entravision is proud to announce that Stephanie Ochoa, its White House News Correspondent, will be awarded the prestigious
    2024 Foreign Press Excellence Award
    by the
    Association of Foreign Press Correspondents in the USA (AFPC-USA)
    .

    Entravision's White House Correspondent, Stephanie Ochoa (Photo: Business Wire)

    Entravision’s White House Correspondent, Stephanie Ochoa (Photo: Business Wire)

    The honor recognizes Ochoa’s commitment to delivering reporting that bridges diverse perspectives and serves the Latino community. Known for her incisive coverage of U.S. politics and its global implications, Ochoa has become a trusted voice in the media landscape, both domestically and internationally.

    Reflecting on the recognition, Stephanie Ochoa shared, “This award is a powerful reminder of the vital role journalism plays in shaping our country and communities. For me, it represents a personal milestone as a Latina, an immigrant, and a professional in political reporting – an arena once out of reach for many in my community. The stories we share are essential for democracy and informed decision-making, and today, we also celebrate Entravision’s commitment to this mission.”

    The award will be presented tonight at the National Press Club in Washington, D.C., during the AFPC-USA’s annual awards ceremony. The evening will celebrate journalists from media outlets serving international audiences who have demonstrated exceptional dedication to their craft. Additionally, scholarships will be awarded, fostering the next generation of global media leaders.

    “Stephanie’s dedication to delivering accurate and impactful reporting exemplifies the values Entravision upholds in connecting our audiences with stories that matter,” said Michael Christenson, CEO of Entravision. “We are immensely proud of her achievements and congratulate her on this well-deserved recognition.”

    The
    Foreign Press Excellence Award
    underscores Ochoa’s contribution to Entravision’s mission of providing premium content to key Latino markets and beyond, reinforcing its role as a leader in delivering critical, high-quality journalism to diverse communities.

    Jeffery Liberman, President and COO of Entravision, added, “Stephanie’s recognition with the 2024 Foreign Press Excellence Award is well-deserved and reflects her exceptional dedication and skill as a journalist. Since joining Entravision, she has delivered outstanding reporting that connects national political issues to our local communities. We are proud to celebrate this remarkable achievement with her.”

    About Entravision Communications Corporation

    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 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.