Entravision Communications Q3 revenue jumps 88% on ATS segment growth
Entravision Communications Q3 revenue jumps 88% on ATS segment growth
Overview
Media and ad tech firm's Q3 revenue rose 88% yr/yr, led by ATS segment growth
ATS segment revenue up 133%, driven by AI investments and higher advertiser activity
Company declared quarterly cash dividend of $0.05 per share payable on December 31
Outlook
Company did not provide specific financial guidance for future revenue or earnings in its press release
Result Drivers
AI PLATFORM INVESTMENT - Co said ATS segment growth was driven by investments in AI capabilities and increased sales capacity, leading to more advertisers and higher revenue per advertiser
POLITICAL ADVERTISING - Co said media segment growth was mainly due to higher broadcast and political advertising revenue, and increased retransmission fees
Company press release: ID:nBw3wCf5Ta
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue |
| $226.31 mln |
|
Q3 Net Income |
| $19.03 mln |
|
Q3 Operating income |
| $28.29 mln |
|
Q3 Pretax Profit |
| $25.91 mln |
|
Reuters Recommended Reads
Nov 4 - Magnite Q3 revenue beats, driven by political ad spends
Nov 4 - Digital ad firm Taboola's Q3 revenue misses estimates
Nov 5 - Ad platform Teads misses Q3 revenue estimates; suspends guidance
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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