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EVC — Entravision Communications News Story

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Entravision Q2 revenue jumps 126% on ATS growth

Entravision Q2 revenue jumps 126% on ATS growth


Overview

  • U.S. media and ad tech firm's Q2 revenue rose 126% yr/yr, led by ATS segment growth

  • Media segment Q2 revenue fell 1% on lower broadcast and spectrum rights revenue

  • Company made $5 mln scheduled debt payment in Q2


Outlook

  • Company did not provide specific guidance for future quarters or full-year results


Result Drivers

  • ATS SEGMENT GROWTH - ATS revenue and profit surged on higher monthly active advertisers and increased revenue per advertiser, driven by AI platform investments and expanded sales capacity

  • MEDIA SEGMENT DECLINE - Media revenue dipped 1% as lower broadcast and spectrum rights revenue outweighed gains in digital advertising and retransmission fees

  • NATIONAL VS LOCAL ADVERTISING - National advertising revenue in Media fell 19% while local advertising rose 1%, excluding political revenue, per CEO Michael Christenson


Company press release: ID:nBwbk3gdPa


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

$227.90 mln

Q2 Net Income

$19.69 mln

Q2 Operating income

$29.97 mln

Q2 Pretax Profit

$27.45 mln


Reuters Recommended Reads

  • Aug 10 - India's Zee Entertainment posts quarterly profit drop on weak ad sales, rising costs

  • Aug 10 - Canada's Stingray Q1 revenue beats estimates but margins weigh on profit

  • Aug 10 - Intelligence platform Phunware Q2 revenue rises on contract termination


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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