Entravision Q2 Revs Up 10%, Loss Swings to Profit

RADIO ONLINE | Thursday, August 5, 2010 | 4:56pm CT

Spanish-language broadcaster Entravision Communications reported a 10% boost in net revenue for the second quarter to $53.4 million from $48.6 million in 2009. Consolidated adjusted EBITDA grew 16% to $18.9 million from $16.3 million. The company posted net earnings of $6.9 million (8 cents per share) as compared to a loss of $1.8 million (2 cents) in the year-ago period.

Chairman/CEO Walter F. Ulloa said, "During the second quarter, we generated solid revenue growth, primarily driven by World Cup advertising and retransmission consent revenue. Our audience shares remain strong in the nation's most densely populated Hispanic markets, and we believe that our U.S. Hispanic audience will continue to grow."