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EVC — Entravision Communications News Story

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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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