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