Home Login RADIO ONLINE RSS Facebook
Find Radio Online
AM FM HD

Advertisement

Entravision Q4 Revs Up 36% to $233.8M, Declares Dividend


Entravision
Entravision

Entravision Communications Corp. reported fourth quarter net revenue grew 36% to $233.8 million from $171.6 million in 2020. Consolidated adjusted EBITDA was up 1% to $32.8 million from $32.6 million, while operating cash flow was down 70%. Free cash flow climbed 8% to $20.8 million from $28.6 million. The company posted a net income of $3.9 million (5 cents per diluted share) as compared to $29.3 million (24 cents) in the year-ago period.

"2021 was a transformational year for Entravision, with revenue and free cash flow reaching record levels," said Chairman and CEO Walter Ulloa. "Our growth for the fourth quarter and full year 2021 was largely driven by the expansion of our digital business, which comprised 73% of our net revenue. Core television and audio also contributed to our overall strength during the year as we maintained our exceptional talent, programming and ratings. In addition, we saw great advancements in profitability. Full year consolidated adjusted EBITDA of $88.0 million improved 46% over 2020, demonstrating our growth and continued expense management."

Ulloa continued, "I am very pleased with the continued transformation of Entravision's business. Through both organic growth and strategic acquisitions we have become a leading global advertising solutions, media and technology company, serving over 3,000 clients each month in over 30 countries. We connect brands and advertisers with consumers in primarily emerging growth markets around the world and are excited about this enormous opportunity. I believe we have a talented, experienced and energetic team of professionals around the world with the expertise and resources to continue to grow Entravision's business into the future."

The company also announced today that its board of directors approved a quarterly cash dividend to shareholders of $0.025 per share on its Class A, Class B and Class U common stock, of $2.1 million. The quarterly dividend will be payable on March 31, 2022 to shareholders of record as of the close of business on March 16.

Advertisement

Latest Radio Stories

Journalism Competition and Preservation Act Introduced
U.S. Congress
U.S. Congress
U.S. Senators Amy Klobuchar (D-MN), Chairwoman of the Senate Judiciary Subcommittee on Competition Policy, Antitrust and Consumer Rights, and John Kennedy (R-LA) reintroduced the Journalism Competition and Preservation Act, their bipartisan More

WNNX (99X)/Atlanta Names Will Pendarvis APD/Afternoons
Will Pendarvis
Will Pendarvis
Atlanta Alternative Rock radio personality Will Pendarvis will return to the WNNX-FM (99X) as Assistant Program Director and afternoon talent, beginning Monday, April 17. Pendarvis is one of the original members of the 99X on-air team launching 99X More

WBAP/Dallas Morning Host Hal Jay Returns on April 3
Hal Jay
Hal Jay
WBAP (Newstalk 820)/Dallas morning host Hal Jay is returning to DFW airwaves on Monday, April 3 -- almost two months after receiving a heart transplant. Jay had been absent from the WBAP Morning News after the holidays, and at 6:18am on January 16, More
Advertisement

BetQL Network Adds Ed Egros as Co-Host of ''BetQL Daily''
Ed Egros
Ed Egros
Audacy adds Ed Egros as co-host of "BetQL Daily" on the company's BetQL Network. He'll join co-hosts Joe Ostrowski and Erin Hawksworth, weekdays from 9am-12pm ET beginning April 3. Most recently, Egros served as an analyst with the Next Gen Stats More

Jayn Returns to 94/7 Alternative Portland for Middays
Jayn
Jayn
Jayn is named midday host on KNRK (94/7 Alternative) in Portland, OR. She'll be heard weekdays from 12-2pm PT beginning April 3. Jayn currently serves as afternoon host and Music Supervisor for KLLC-FM (Alice @ 97.3) and Music Supervisor of KITS-FM More

KZIA (Z102.9) Introduces ''Those Girls In The Afternoon''
Destiny and Taylor
Destiny and Taylor
KZIA (Z102.9) Cedar Rapids, IA launches the "Those Girls in the Afternoon" show, pairing station veterans Destiny and Taylor. Taylor, an Anamosa native and a University of Iowa graduate who has been hosting afternoons on Z102.9 since 2021, is joined More

Return to Menu

Advertisement

Subscribe to our Newsletter
Radio news and headlines delivered right to your e-mail box -- and it's free.

Advertisement

Advertisement