BURBANK, CALIFORNIA, August 5, 2025 – Entravision Communications Corporation (NYSE: EVC), a media and advertising technology company, today announced financial results for its second quarter ended June 30, 2025.
"While our Media segment net revenue decreased 8% compared to the second quarter of 2024, we're encouraged by the sequential improvement from the first quarter of 2025 and the achievement of positive operating profit, further validating our expanded sales capacity in that segment and tight control of operating expenses,” said Michael Christenson, Chief Executive Officer. "We are also pleased to report the improved performance and execution of our Advertising and Technology Services segment in the second quarter of 2025, with net revenue increasing 66% year-over-year. This growth reflects the successful expansion of our sales capacity and the integration of AI capabilities into our proprietary technology platform."
Mr. Christenson continued, “Our balance sheet is strong and we made a voluntary debt prepayment of $10 million in the second quarter of 2025. Furthermore, following the end of the quarter, we entered into an amendment to our credit agreement, to increase our financial stability and accelerate debt reduction.”
Highlights
Entravision reports its operating results for two segments. The Media segment provides video, audio and digital marketing services to local and national advertisers in the U.S. The Advertising Technology & Services segment provides programmatic advertising technology and services to advertisers and mobile app developers on a global basis.
•
Consolidated net revenue increased 22% for second quarter 2025 compared to second quarter 2024.
o
Media segment net revenue decreased 8% for second quarter 2025 compared to second quarter 2024, primarily due to a decrease in broadcast advertising revenue and a decrease in retransmission consent revenue, partially offset by an increase in digital advertising revenue, and an increase in spectrum usage rights revenue.
o
Advertising Technology & Services segment net revenue increased 66% for second quarter 2025 compared to second quarter 2024, primarily due to increases in advertising revenue including advertising spend per client.
•
Segment operating profit was $5.5 million for second quarter 2025, a decrease of 28% compared to second quarter 2024.
o
Media segment operating profit was $0.4 million for second quarter 2025, a decrease of 94% compared to second quarter 2024.
o
Advertising Technology & Services segment operating profit was $5.2 million for second quarter 2025, an increase of 190% compared to second quarter 2024.
•
Corporate expenses decreased 41% for second quarter 2025 compared to second quarter 2024, primarily due to expense reductions in salaries and bonus, severance, non-cash compensation, rent and professional services.
•
The company made a $10 million voluntary debt prepayment and paid a dividend of $4.5 million in second quarter 2025.
•
The company entered into a strategic amendment to its credit agreement subsequent to the end of the quarter, on July 15, intended to accelerate debt reduction and provide additional financial stability and flexibility.
•
The company had $69.3 million in cash and cash equivalents and marketable securities as of June 30, 2025, compared to $100.6 million as of December 31, 2024. Net cash provided by operating activities was $7.8 million for second quarter 2025.
•
Entravision’s board of directors approved a quarterly cash dividend to shareholders of $0.05 per share on the company's Class A and Class U common stock. The dividend is payable on September 30, 2025 to shareholders of record as of the close of business on September 16, 2025.
Entravision Communications
Page 2 of 6
Strategic Initiatives
Entravision is focused on several key strategies and initiatives for 2025 and beyond:
•
Provide Trusted News and Content. We are dedicated to serving our audiences as a trusted provider of news, information and entertainment. We believe local news is an important strategic initiative as a local broadcaster and have doubled our local news production over the past year.
•
Grow Local Sales and Digital Advertising Solutions. In late 2024 and early 2025 we made changes to our Media sales leadership and invested in hiring additional local salespeople and digital marketing specialists to drive growth in local and digital advertising sales.
•
Grow Advertising Technology & Services. Our Advertising Technology & Services business has shown significant revenue growth and future growth potential. Our focus includes continuing to strengthen our proprietary technology platform and algorithms and hire additional key sales personnel, particularly in the U.S.
•
Control Expenses and Drive Cost Efficiencies. Our strategy is to invest in content, technology and local sales in order to drive revenue, while controlling the costs of supporting services and corporate expense.
•
Maintain a Strong Balance Sheet. Entravision is focused on long-term financial stability and flexibility, including maintaining a strong balance sheet with low leverage.
Notice of Conference Call
Entravision will hold a conference call to discuss its second quarter 2025 results on Tuesday, August 5, 2025 at 5:00 p.m. Eastern Time. To access the conference call, please dial 1-800-717-1738 or 1-646-307-1865 ten minutes prior to the start time. The call will also be available via live webcast on the “Investor” section of the company's website at investor.entravision.com.
About Entravision Communications Corporation
Entravision is a media and advertising technology company. In the U.S., we provide video, audio and digital marketing services to local and national advertisers through a portfolio of television and radio stations and digital advertising services that target Latino audiences. Our advertising technology business provides programmatic advertising technology and services to advertisers and app developers on a global basis. Entravision is the largest affiliate group of the Univision and UniMás television networks. Shares of Entravision Class A Common Stock trade on the NYSE under the ticker: EVC. Learn more about us at entravision.com.
Forward-Looking Statements
This press release contains certain forward-looking statements. These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this press release. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that actual results will not differ materially from these expectations, and the Company disclaims any duty to update any forward-looking statements made by the Company. From time to time, these risks, uncertainties and other factors are discussed in the Company’s filings with the Securities and Exchange Commission.
For more information, please contact:
Mark Boelke
Roy Nir
Chief Financial Officer
VP, Financial Reporting and Investor Relations
Entravision
Entravision
310-447-3870
310-447-3870
ir@entravision.com
ir@entravision.com
# # #
(Financial Tables Follow)
Entravision Communications
Page 3 of 6
Entravision Communications Corporation
Segment Results (Unaudited)
(In thousands)
Three-Month Period
Six-Month Period
Ended June 30,
%
Ended June 30,
%
2025
2024
Change
2025
2024
Change
Net revenue
Media
$
45,413
$
49,233
(8
)%
$
86,390
$
94,999
(9
)%
Advertising Technology & Services
55,322
33,421
66
%
106,196
65,831
61
%
Consolidated
100,735
82,654
22
%
192,586
160,830
20
%
Cost of revenue
Media
4,651
4,129
13
%
7,917
7,007
13
%
Advertising Technology & Services
33,359
20,295
64
%
63,565
40,075
59
%
Consolidated
38,010
24,424
56
%
71,482
47,082
52
%
Direct operating expenses
Media
26,795
26,140
3
%
53,345
52,763
1
%
Advertising Technology & Services
10,917
5,616
94
%
19,869
10,794
84
%
Consolidated
37,712
31,756
19
%
73,214
63,557
15
%
Selling, general and administrative expenses
Media
11,006
9,764
13
%
21,811
19,741
10
%
Advertising Technology & Services
5,447
4,599
18
%
10,148
8,956
13
%
Consolidated
16,453
14,363
15
%
31,959
28,697
11
%
Depreciation and amortization
Media
2,607
3,304
(21
)%
5,577
6,591
(15
)%
Advertising Technology & Services
420
1,124
(63
)%
927
2,576
(64
)%
Consolidated
3,027
4,428
(32
)%
6,504
9,167
(29
)%
Segment operating profit (loss)
Media
354
5,896
(94
)%
(2,260
)
8,897
*
Advertising Technology & Services
5,179
1,787
190
%
11,687
3,430
241
%
Consolidated
5,533
7,683
(28
)%
9,427
12,327
(24
)%
Corporate expenses
6,375
10,811
(41
)%
14,163
23,059
(39
)%
Change in fair value of contingent consideration
-
240
(100
)%
-
20
(100
)%
Impairment charge
-
-
*
23,673
-
*
Loss on lease abandonment
-
-
*
25,191
-
*
Foreign currency (gain) loss
6
(24
)
*
18
241
(93
)%
Operating income (loss)
(848
)
(3,344
)
(75
)%
(53,618
)
(10,993
)
388
%
Interest expense
$
(4,037
)
$
(4,118
)
(2
)%
$
(7,700
)
$
(8,561
)
(10
)%
Interest income
619
577
7
%
1,224
1,155
6
%
Dividend income
1
-
*
1
10
(90
)%
Realized gain (loss) on marketable securities
3
4
(25
)%
4
(109
)
*
Gain (loss) on debt extinguishment
(38
)
(51
)
(25
)%
(38
)
(91
)
(58
)%
Income (loss) before income taxes
(4,300
)
(6,932
)
(38
)%
(60,127
)
(18,589
)
223
%
Capital expenditures
Media
$
1,970
$
1,532
$
4,330
$
3,526
Advertising Technology & Services
301
191
325
267
Consolidated
$
2,271
$
1,723
$
4,655
$
3,793
Entravision Communications
Page 4 of 6
Entravision Communications Corporation
Consolidated Statements of Operations (Unaudited)
(In thousands, except share and per share data)
Three-Month Period
Six-Month Period
Ended June 30,
Ended June 30,
2025
2024
2025
2024
Net revenue
$
100,735
$
82,654
$
192,586
$
160,830
Expenses:
Cost of revenue
38,010
24,424
71,482
47,082
Direct operating expenses
37,712
31,756
73,214
63,557
Selling, general and administrative expenses
16,453
14,363
31,959
28,697
Corporate expenses
6,375
10,811
14,163
23,059
Depreciation and amortization
3,027
4,428
6,504
9,167
Change in fair value of contingent consideration
—
240
—
20
Impairment charge
—
—
23,673
—
Loss on lease abandonment
—
—
25,191
—
Foreign currency (gain) loss
6
(24
)
18
241
Total expenses
101,583
85,998
246,204
171,823
Operating income (loss)
(848
)
(3,344
)
(53,618
)
(10,993
)
Interest expense
(4,037
)
(4,118
)
(7,700
)
(8,561
)
Interest income
619
577
1,224
1,155
Dividend income
1
—
1
10
Realized gain (loss) on marketable securities
3
4
4
(109
)
Gain (loss) on debt extinguishment
(38
)
(51
)
(38
)
(91
)
Income (loss) before income taxes
(4,300
)
(6,932
)
(60,127
)
(18,589
)
Income tax benefit (expense)
800
10,664
8,852
14,811
Net income (loss) from continuing operations
(3,500
)
3,732
(51,275
)
(3,778
)
Net income (loss) from discontinued operations, net of tax
163
(35,412
)
(28
)
(76,792
)
Net income (loss) attributable to common stockholders
$
(3,337
)
$
(31,680
)
$
(51,303
)
$
(80,570
)
Basic and diluted earnings per share:
Net income (loss) per share from continuing operations, basic and diluted
$
(0.04
)
$
0.04
$
(0.56
)
$
(0.04
)
Net income (loss) per share from discontinued operations, basic and diluted
$
0.00
$
(0.39
)
$
(0.00
)
$
(0.86
)
Net income (loss) per share attributable to common stockholders, basic and diluted
$
(0.04
)
$
(0.35
)
$
(0.56
)
$
(0.90
)
Cash dividends declared per common share, basic and diluted
$
0.05
$
0.05
$
0.10
$
0.10
Weighted average common shares outstanding, basic and diluted
90,976,288
89,820,737
90,976,288
89,669,397
Weighted average common shares outstanding, diluted
90,976,288
90,721,280
90,976,288
89,669,397
Entravision Communications
Page 5 of 6
Entravision Communications Corporation
Consolidated Balance Sheets (Unaudited)
(In thousands)
June 30,
December 31,
2025
2024
ASSETS
Current assets
Cash and cash equivalents
$
64,508
$
95,914
Marketable securities
4,770
4,694
Restricted cash
791
786
Trade receivables, net of allowance for doubtful accounts
78,426
68,319
Prepaid expenses and other current assets
22,337
16,587
Assets held for sale
7,247
—
Total current assets
178,079
186,300
Property and equipment, net
47,669
60,616
Intangible assets subject to amortization, net
3,505
4,417
Intangible assets not subject to amortization
149,276
177,276
Goodwill
7,352
7,352
Deferred income taxes
2,924
2,650
Operating leases right of use asset
21,709
40,762
Other assets
7,484
7,905
Total assets
$
417,998
$
487,278
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Current maturities of long-term debt
$
5,000
$
-
Accounts payable and accrued expenses
59,075
53,882
Operating lease liabilities
7,648
7,744
Total current liabilities
71,723
61,626
Long-term debt, less current maturities, net of unamortized debt issuance costs
172,110
186,958
Long-term operating lease liabilities
39,710
42,101
Other long-term liabilities
12,647
12,168
Deferred income taxes
31,799
38,405
Total liabilities
327,989
341,258
Stockholders' equity
Class A common stock
8
8
Class U common stock
1
1
Additional paid-in capital
810,785
815,532
Accumulated deficit
(720,023
)
(668,720
)
Accumulated other comprehensive income (loss)
(762
)
(801
)
Total stockholders' equity
90,009
146,020
Total liabilities, redeemable noncontrolling interest and equity
$
417,998
$
487,278
Entravision Communications
Page 6 of 6
Entravision Communications Corporation
Consolidated Statements of Cash Flows (Unaudited)
(In thousands)
Three-Month Period
Six-Month Period
Ended June 30,
Ended June 30,
2025
2024
2025
2024
Cash flows from operating activities:
Net income (loss) attributable to common stockholders
$
(3,337
)
$
(31,680
)
$
(51,303
)
$
(80,570
)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization
3,027
5,992
6,504
13,125
Impairment charge
—
—
23,673
49,438
Loss on lease abandonment
—
—
25,191
—
Deferred income taxes
(5,412
)
4,438
(6,879
)
214
Non-cash interest
404
68
580
160
Amortization of syndication contracts
111
114
221
227
Payments on syndication contracts
(111
)
(114
)
(220
)
(229
)
Non-cash stock-based compensation
2,685
3,287
5,298
8,734
(Gain) loss on marketable securities
(3
)
(4
)
(4
)
109
(Gain) loss on disposal of property and equipment
2
86
6
183
Loss (gain) on the sale of businesses
—
45,014
—
45,014
(Gain) loss on debt extinguishment
38
51
38
91
Change in fair value of contingent consideration
—
(11,128
)
—
(12,548
)
Net income (loss) attributable to redeemable noncontrolling interest - discontinued operations
—
—
—
(2,779
)
Changes in assets and liabilities:
(Increase) decrease in accounts receivable
479
(19,887
)
(9,981
)
9,586
(Increase) decrease in prepaid expenses and other current assets, operating leases right of use asset and other assets
8,181
(12,440
)
(1,348
)
(19,590
)
Increase (decrease) in accounts payable, accrued expenses and other liabilities
1,764
33,899
808
39,906
Net cash provided by (used in) operating activities
7,828
17,696
(7,416
)
51,071
Cash flows from investing activities:
Proceeds from sale of businesses, net of cash divested
—
(42,967
)
—
(42,967
)
Purchases of property and equipment
(2,161
)
(1,994
)
(4,804
)
(4,737
)
Purchases of marketable securities
(747
)
—
(965
)
—
Proceeds from sale of marketable securities
561
1,177
947
10,019
Proceeds from loan receivable
—
10,748
—
10,748
Net cash provided by (used in) investing activities
(2,347
)
(33,036
)
(4,822
)
(26,937
)
Cash flows from financing activities:
Tax payments related to shares withheld for share-based compensation plans
—
—
—
(27
)
Payments on debt
(10,000
)
(10,000
)
(10,000
)
(20,275
)
Dividends paid
(4,549
)
(4,496
)
(9,098
)
(8,972
)
Distributions to noncontrolling interest
—
—
—
(1,078
)
Payment of contingent consideration
—
(13,400
)
—
(14,300
)
Principal payments under finance lease obligation
(32
)
(33
)
(65
)
(74
)
Net cash provided by (used in) financing activities
(14,581
)
(27,929
)
(19,163
)
(44,726
)
Effect of exchange rates on cash, cash equivalents and restricted cash
—
—
—
(2
)
Net increase (decrease) in cash, cash equivalents and restricted cash
