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EVC Entravision Communications News Story

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Entravision Q1 revenue rises 114% on ATS segment growth

Overview

Media and ad tech firm's Q1 revenue rose 114% yr/yr, led by ATS segment growth

ATS segment revenue jumped 204%, driven by more advertisers and higher revenue per advertiser

Company repaid $5 mln in debt and kept quarterly dividend at $0.05 per share

Outlook

Entravision did not provide specific financial guidance or outlook commentary for upcoming periods

Result Drivers

ATS SEGMENT GROWTH - Revenue in the Advertising Technology & Services segment rose 204%, driven by more monthly active advertisers and higher revenue per advertiser, attributed to investments in AI and expanded sales capacity

MEDIA SEGMENT MIXED - Media segment revenue rose 4% as higher digital advertising and retransmission fees were partly offset by lower broadcast advertising and spectrum usage rights revenue

LOCAL VS NATIONAL ADVERTISING - Local advertising revenue increased 6% while national advertising revenue decreased 18%, excluding political revenue, per CEO Michael Christenson

Company press release: ID:nBw61pf7Ya

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 Revenue$196.97 mln
Q1 Net Income$12.36 mln
Q1 Operating income$20.69 mln
Q1 Pretax Profit$17.75 mln
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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