Entravsion Q3 Net Revs Up 9%, Earnings Fall 59%

RADIO ONLINE | , , | :am CT

Entravision posted a 9 pecent rise in third quarter net revenue to $70 million from $64.4 million in 2003. Broadcast cash flow climbed 19 percent to to $28 million from $23.5 million, while EBITDA increased 22 percent to $23.6 million from $19.4 million. On a pro forma basis, the company's radio division (excluding divested outlets in Chicago and Fresno), saw net revenue growth of 7 percent to $25.3 million from $23.6 million. But the company's Q3 net income fell 59 percent to $3.68 million (5 cents loss per diluted share) from $9 million (5 cents) in the year-ago period. Looking ahead, Entravison expects a 8-9 percent gain in total net revenue in the fourth quarter.