Entravision Q4 Net Revenues Rise 5%, Earnings Climb

RADIO ONLINE | Wednesday, March 14, 2018

Entravision

Entravision Communications reported fourth quarter net revenue rose 5% to $73.4 million from $70 million in 2016. The overall increase was partially offset by a decline in the radio segment of $3.1 million, mainly due to decreases in both local and national and political ad revenue. Operating expenses were up 10% to $45.1 million from $41.1 million. Operating income fell 72% to $4.1 million from $14.6. The company posted a net income of $12.9 million (14 cents per diluted share) as compared to $7 million (8 cents) in the year-ago period.

Chairman/CEO Walter F. Ulloa said, "During the fourth quarter, we achieved revenue growth driven by increases in our digital media segment attributable to the acquisition of Headway. This growth in our digital media segment offsets decreases in both our television and radio segments, which were affected by decreases in local and national advertising revenue and the loss of political advertising revenue compared to 2016... Looking ahead, we remain well positioned to build on our success in further attracting Latino and other audiences worldwide, and expanding our advertiser base to the benefit of our shareholders."