BURBANK, CALIFORNIA, March 5, 2026 – Entravision Communications Corporation (NYSE: EVC), a media and advertising technology company, today announced financial results for its fourth quarter and fiscal year ended December 31, 2025.
"Our Media segment net revenue declined 32% in the fourth quarter of 2025 year-over-year, primarily due to lower political revenue. These results included a 4% increase in local advertising revenue and a 5% decline in national advertising revenue, excluding political revenue," said Michael Christenson, Chief Executive Officer. "Our Advertising Technology & Services segment net revenue increased 123% in the fourth quarter of 2025 year-over-year. This performance was driven by our strategic investments in the AI capabilities of our platform and expanded sales capacity. Our Advertising Technology & Services segment had higher monthly active advertisers and higher revenue per monthly active advertiser."
Mr. Christenson continued, “We repaid $5 million on our bank term loan in the fourth quarter of 2025, bringing our total reduction during the full year to $20 million. We remain committed to reducing our debt and maintaining a strong balance sheet.”
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 ("ATS") segment provides programmatic advertising technology and services to advertisers and mobile app developers on a global basis.
•
Consolidated net revenue increased 26% for fourth quarter 2025 compared to fourth quarter 2024, and increased 23% for full year 2025 compared to full year 2024.
o
Media segment net revenue decreased 32% for fourth quarter 2025 compared to fourth quarter 2024, and decreased 20% for full year 2025 compared to full year 2024, primarily due to decreases in political advertising revenue, retransmission consent revenue, and spectrum usage rights revenue, partially offset by an increase in digital advertising revenue.
o
ATS segment net revenue increased 123% for fourth quarter 2025 compared to fourth quarter 2024, and increased 90% for full year 2025 compared to full year 2024, primarily due to increases in advertising revenue including advertising spend per client.
•
Segment operating profit was $11.9 million for fourth quarter 2025, a decrease of 43% compared to fourth quarter 2024. Segment operating profit was $27.6 million for full year 2025, a decrease of 41% compared to full year 2024.
o
Media segment operating loss was $0.4 million for fourth quarter 2025, compared to operating profit of $18.5 million for fourth quarter 2024. Media segment operating loss was $6.2 million for full year 2025, compared to operating profit of $38.7 million for full year 2024.
o
ATS segment operating profit was $12.3 million for fourth quarter 2025, an increase of 464% compared to fourth quarter 2024. ATS segment operating profit was $33.8 million for full year 2025, an increase of 317% compared to full year 2024.
•
Corporate expenses decreased 13% for fourth quarter 2025 compared to fourth quarter 2024, primarily due to expense reductions in rent and professional services. Corporate expenses decreased 28% for full year 2025 compared to full year 2024, primarily due to expense reductions in salaries, non-cash stock-based compensation, rent and professional services.
•
The company made a $5.0 million scheduled debt payment and paid a dividend of $4.6 million in fourth quarter 2025.
•
The company had $63.2 million in cash and cash equivalents and marketable securities as of December 31, 2025, compared to $100.6 million as of December 31, 2024. Net cash provided by operating activities was $9.8 million and $10.6 million for fourth quarter and full year 2025, respectively.
Entravision Communications
Page 2 of 6
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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 March 31, 2026 to shareholders of record as of the close of business on March 17, 2026.
Notice of Conference Call
Entravision will host a webinar to discuss its fourth quarter and full year 2025 results on Thursday, March 5, 2026 at 5:00 p.m. Eastern Time. The webinar may be accessed on company’s Investor Relations website at investor.entravision.com or via webinar registration. The webinar will also be archived on the company’s Investor Relations website under the Events section.
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 and Chief Operating 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 Ended
Year Ended
December 31,
December 31,
2025
2024
% Change
2025
2024
% Change
Net Revenue
Media
$
45,764
$
67,260
(32
)%
$
176,659
$
222,061
(20
)%
Advertising Technology & Services
88,614
39,702
123
%
270,935
142,887
90
%
Consolidated
134,378
106,962
26
%
447,594
364,948
23
%
Cost of revenue
Media
$
5,308
$
4,838
10
%
$
18,240
$
16,726
9
%
Advertising Technology & Services
56,336
23,475
140
%
165,872
85,470
94
%
Consolidated
61,644
28,313
118
%
184,112
102,196
80
%
Direct operating expenses
Media
27,642
28,583
(3
)%
109,583
110,988
(1
)%
Advertising Technology & Services
14,699
8,505
73
%
47,219
25,274
87
%
Consolidated
42,341
37,088
14
%
156,802
136,262
15
%
Selling, general and administrative expenses
Media
10,586
12,159
(13
)%
43,995
42,759
3
%
Advertising Technology & Services
5,197
4,900
6
%
22,775
20,109
13
%
Consolidated
15,783
17,059
(7
)%
66,770
62,868
6
%
Depreciation and amortization
Media
2,656
3,135
(15
)%
11,041
12,891
(14
)%
Advertising Technology & Services
52
637
(92
)%
1,301
3,930
(67
)%
Consolidated
2,708
3,772
(28
)%
12,342
16,821
(27
)%
Segment operating profit (loss)
Media
(428
)
18,545
*
(6,200
)
38,697
*
Advertising Technology & Services
12,330
2,185
464
%
33,768
8,104
317
%
Consolidated
11,902
20,730
(43
)%
27,568
46,801
(41
)%
Corporate expenses
6,523
7,509
(13
)%
27,026
37,498
(28
)%
Change in fair value of contingent consideration
—
1
(100
)%
—
(629
)
(100
)%
Impairment charge
26,002
61,220
(58
)%
55,380
61,220
(10
)%
Loss on lease abandonment
—
—
*
25,191
—
*
Restructuring costs
(375
)
—
*
2,813
—
*
Foreign currency (gain) loss
413
572
(28
)%
523
692
(24
)%
Operating income (loss)
(20,661
)
(48,572
)
(57
)%
(83,365
)
(51,980
)
60
%
Interest expense
(3,618
)
(3,824
)
(5
)%
(15,121
)
(16,472
)
(8
)%
Interest income
488
657
(26
)%
2,286
2,458
(7
)%
Dividend income
7
—
*
9
10
(10
)%
Realized gain (loss) on marketable securities
1
—
*
7
(110
)
*
Gain (loss) on debt extinguishment
—
—
*
(214
)
(91
)
135
%
Income (loss) before income taxes from continuing operations
$
(23,783
)
$
(51,739
)
(54
)%
$
(96,398
)
$
(66,185
)
46
%
Capital expenditures
Media
$
1,113
$
2,543
$
6,597
$
7,089
Advertising Technology & Services
96
74
183
372
Consolidated
$
1,209
$
2,617
$
6,780
$
7,461
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
Twelve-Month Period
Ended December 31,
Ended December 31,
2025
2024
2025
2024
Net revenue
$
134,378
$
106,962
$
447,594
$
364,948
Expenses:
Cost of revenue
61,644
28,313
184,112
102,196
Direct operating expenses
42,341
37,088
156,802
136,262
Selling, general and administrative expenses
15,783
17,059
66,770
62,868
Corporate expenses
6,523
7,509
27,026
37,498
Depreciation and amortization
2,708
3,772
12,342
16,821
Change in fair value of contingent consideration
—
1
—
(629
)
Impairment charge
26,002
61,220
55,380
61,220
Loss on lease abandonment
—
—
25,191
—
Restructuring costs
(375
)
—
2,813
—
Foreign currency (gain) loss
413
572
523
692
155,039
155,534
530,959
416,928
Operating income (loss)
(20,661
)
(48,572
)
(83,365
)
(51,980
)
Interest expense
(3,618
)
(3,824
)
(15,121
)
(16,472
)
Interest income
488
657
2,286
2,458
Dividend income
7
—
9
10
Realized gain (loss) on marketable securities
1
—
7
(110
)
Gain (loss) on debt extinguishment
—
—
(214
)
(91
)
Income before income taxes
(23,783
)
(51,739
)
(96,398
)
(66,185
)
Income tax (expense) benefit
6,319
(3,932
)
18,000
(4,105
)
Net income (loss) from continuing operations
(17,464
)
(55,671
)
(78,398
)
(70,290
)
Income (loss) from discontinued operations
(741
)
(687
)
(769
)
(78,618
)
Net income (loss) attributable to common stockholders
$
(18,205
)
$
(56,358
)
$
(79,167
)
$
(148,908
)
Basic and diluted earnings (loss) per share:
Net income (loss) per share attributable to common stockholders, basic and diluted
$
(0.20
)
$
(0.62
)
$
(0.87
)
$
(1.66
)
Cash dividends declared per common share, basic and diluted
$
0.05
$
0.05
$
0.20
$
0.20
Weighted average common shares outstanding, basic and diluted
91,136,401
90,175,742
91,016,645
89,876,538
Entravision Communications
Page 5 of 6
Entravision Communications Corporation
Consolidated Balance Sheets (Unaudited)
(In thousands)
December 31,
December 31,
2025
2024
ASSETS
Current assets
Cash and cash equivalents
$
59,439
$
95,914
Marketable securities
3,762
4,694
Restricted Cash
797
786
Trade receivables, net of allowance for doubtful accounts
94,912
68,319
Assets held for sale
5,597
—
Prepaid expenses and other current assets
18,974
16,587
Total current assets
183,481
186,300
Property and equipment, net
44,797
60,616
Intangible assets subject to amortization, net
2,593
4,417
Intangible assets not subject to amortization
123,275
177,276
Goodwill
7,352
7,352
Deferred income taxes
3,823
2,650
Operating leases right of use asset
18,807
40,762
Other assets
3,383
7,905
Total assets
$
387,511
$
487,278
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Current maturities of long-term debt
$
20,000
$
-
Accounts payable and accrued expenses
91,736
53,882
Operating lease liabilities
9,737
7,744
Total current liabilities
121,473
61,626
Long-term debt, less current maturities, net of unamortized debt issuance costs
147,119
186,958
Long-term operating lease liabilities
36,775
42,101
Other long-term liabilities
12,197
12,168
Deferred income taxes
14,505
38,405
Total liabilities
332,069
341,258
Stockholders' equity
Class A common stock
8
8
Class U common stock
1
1
Additional paid-in capital
804,075
815,532
Accumulated deficit
(747,887
)
(668,720
)
Accumulated other comprehensive income (loss)
(755
)
(801
)
Total stockholders' equity
55,442
146,020
Total liabilities and equity
$
387,511
$
487,278
Entravision Communications
Page 6 of 6
Entravision Communications Corporation
Consolidated Statements of Cash Flows (Unaudited)
(In thousands)
Three-Month Period
Twelve-Month Period
Ended December 31,
Ended December 31,
2025
2024
2025
2024
Cash flows from operating activities:
Net income (loss)
$
(18,205
)
$
(56,358
)
$
(79,167
)
$
(148,908
)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization
2,708
3,772
12,342
20,779
Impairment charge
26,002
61,220
55,380
110,658
Loss on lease abandonment
—
—
25,191
—
Deferred income taxes
(12,779
)
(6,995
)
(25,079
)
(10,281
)
Non-cash interest
415
61
1,410
284
Amortization of syndication contracts
99
111
427
450
Payments on syndication contracts
(100
)
(114
)
(390
)
(451
)
Non-cash stock-based compensation
2,878
1,426
10,980
13,848
(Gain) loss on marketable securities
(1
)
—
(7
)
110
(Gain) loss on disposal of property and equipment
186
71
199
277
Loss (gain) on the sale of businesses
—
48
—
45,187
(Gain) loss on debt extinguishment
—
—
214
91
Change in fair value of contingent consideration
—
—
—
(13,198
)
Net income (loss) attributable to redeemable noncontrolling interest - discontinued operations
—
—
—
(2,779
)
Changes in assets and liabilities, net of businesses acquired and disposed of:
(Increase) decrease in trade receivables, net
(5,644
)
(519
)
(26,197
)
10,092
(Increase) decrease in prepaid expenses and other current assets, operating leases right of use asset and other assets
5,746
11,806
8,104
9,878
Increase (decrease) in accounts payable, accrued expenses and other liabilities
8,483
(1,746
)
27,242
38,668
Net cash provided by (used in) operating activities
9,788
12,783
10,649
74,705
Cash flows from investing activities:
Proceeds from sale of assets/business, net of cash divested
—
2,486
—
(40,481
)
Purchases of property and equipment
(1,115
)
(2,174
)
(7,135
)
(8,463
)
Purchases of marketable securities
(12
)
(2,303
)
(1,551
)
(2,303
)
Proceeds from sale of marketable securities
933
408
2,552
10,789
Proceeds from loan receivable
—
2,888
—
13,636
Net cash provided by (used in) investing activities
(194
)
1,305
(6,134
)
(26,822
)
Cash flows from financing activities:
Tax payments related to shares withheld for share-based compensation plans
(2,318
)
(2,537
)
(2,318
)
(2,564
)
Payments on debt
(5,000
)
—
(20,000
)
(20,275
)
Dividends paid
(4,552
)
(4,504
)
(18,199
)
(17,975
)
Distributions to noncontrolling interest
—
—
—
(1,078
)
Payment of contingent consideration
—
(1,350
)
—
(15,650
)
Principal payments under finance lease obligation
(38
)
(38
)
(137
)
(148
)
Payments for debt issuance costs
—
—
(325
)
—
Net cash provided by (used in) financing activities
(11,908
)
(8,429
)
(40,979
)
(57,690
)
Effect of exchange rates on cash, cash equivalents and restricted cash
—
—
—
(2
)
Net increase (decrease) in cash, cash equivalents and restricted cash
