Entravision Communications Corp
NYSE:EVC
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Entravision Communications Corp
Entravision Communications Corp. engages in the provision of media and marketing solutions, and data analytics services. The company is headquartered in Santa Monica, California and currently employs 1,094 full-time employees. The company went IPO on 2000-08-02. The firm operates through three segments: digital, television and audio. Its digital segment, whose operations are primarily located in Latin America, Europe, the United States, Asia and Africa, reaches a global market, with a focus on advertisers in emerging economies that wish to advertise on digital platforms owned and operated primarily by global media companies. The firm through its television segment owns and/or operates 49 primary television stations located primarily in California, Colorado, Connecticut, Florida, Kansas, Massachusetts, Nevada, New Mexico, Texas and Washington, D.C. The Company’s audio segment owns and operates approximately 46 radio stations, including 37 FM and 9 AM, in 16 United States markets located primarily in Arizona, California, Colorado, Florida, Nevada, New Mexico and Texas.
Entravision Communications Corp. engages in the provision of media and marketing solutions, and data analytics services. The company is headquartered in Santa Monica, California and currently employs 1,094 full-time employees. The company went IPO on 2000-08-02. The firm operates through three segments: digital, television and audio. Its digital segment, whose operations are primarily located in Latin America, Europe, the United States, Asia and Africa, reaches a global market, with a focus on advertisers in emerging economies that wish to advertise on digital platforms owned and operated primarily by global media companies. The firm through its television segment owns and/or operates 49 primary television stations located primarily in California, Colorado, Connecticut, Florida, Kansas, Massachusetts, Nevada, New Mexico, Texas and Washington, D.C. The Company’s audio segment owns and operates approximately 46 radio stations, including 37 FM and 9 AM, in 16 United States markets located primarily in Arizona, California, Colorado, Florida, Nevada, New Mexico and Texas.
Revenue Growth: Entravision's consolidated revenue rose 24% to $120.6 million, driven by strong performance in the Advertising Technology & Services segment.
Media Segment Weakness: Media segment revenue fell 26% due to lower political advertising and weaker national advertising, leading to an operating loss.
Ad Tech Strength: Advertising Technology & Services revenue more than doubled, up 104%, with operating profit jumping 378% to $9.8 million.
Profitability Challenges: The company posted a $9.1 million operating loss, impacted by $9 million in restructuring and impairment charges.
Cost Reductions: Steps taken in Q3 to cut costs in Media, including a 5% workforce reduction and facility closures; expected to save $5 million annually.
Political Revenue Outlook: Management expects a strong political advertising environment in 2026, with Entravision well positioned in key markets.
Dividend Maintained: The company will pay a $0.05 per share dividend in Q4, consistent with prior quarters.