Home Login RADIO ONLINE RSS Facebook
Advertisement

Entravision Q3 Net Revenue Up 14% to $274.4 million


Entravision Communications
Entravision Communications

Entravision Communications reported third quarter net revenue rose 14% to $274.4 million from $241 million in 2022. Consolidated EBITDA fell 45% to $14.1 million from $25.9 million. Operating cash flow grew 45%, while free cash flow was down 74% to $4 million from $15.4 million. The company posted a net income of $2.7 million (3 cents per diluted share) as compared to net income of $9 million (11 cents) in the year-ago period. Entravision will pay a quarterly cash dividend of $0.05 per share.

"We achieved a record quarterly advertising revenue of $274.4 million, up 14% year-over-year, led by strength in our Digital segment, which now comprises 84% of total revenue," said CFO Chris Young. "We continued to execute on our Digital transformation strategy during the quarter with the signing of two new partnerships with Match and Pinterest to further diversify our portfolio of digital solutions. While non-returning political revenue and sales mix contributed to the year-over-year decline in our Consolidated EBITDA, we anticipate increased political spending ahead of the 2024 elections will benefit our Television and Audio segments and Consolidated EBITDA in the quarters to come."

Advertisement

Latest Radio Stories

Jeff Pohjola Named KNWN News and Program Director
Jeff Pohjola
Jeff Pohjola
Lotus Seattle has named Jeff Pohjola Director of News & Programming for KNWN (Northwest Newsradio 97.7 FM/AM 1000), effective immediately, as the company also rolls out new weekday lineups for KNWN and 570 KVI beginning Monday, October 5. In his expanded role, Pohjola will oversee programming strategy and More

Tiffany McCormack Named GM of WNOR and WAFX
Tiffany McCormack
Tiffany McCormack
Saga Communications has promoted Tiffany McCormack to General Manager of Hampton Roads Media Group, overseeing Active Rock WNOR-FM and Classic Rock WAFX (106.9 The Fox) in Norfolk, VA. McCormack succeeds Carol Commander, who has departed after more than 25 years with the company. Commander had served as More

Country Radio Hall of Fame Opens 2027 Nominations
Country Radio Hall of Fame
Country Radio Hall of Fame
The Country Radio Hall of Fame (CRHoF) has opened nominations for its Class of 2027, with submissions accepted through Friday, October 30. Founded in 1974, the Country Radio Hall of Fame recognizes individuals who have made significant contributions to the country radio and music More
Advertisement

John Goforth Named President of Gamut Podcast Network
John Goforth
John Goforth
Hubbard | Media That Connects has named John Goforth President of Gamut Podcast Network, effective immediately. Goforth, who has led Gamut since 2024, will continue overseeing the network's content, sales and growth strategy. The new title positions Gamut alongside Hubbard's other media and entertainment More

WCCO Returns as Timberwolves Radio Flagship
Minnesota Timberwolves
Minnesota Timberwolves
The Minnesota Timberwolves and Audacy's WCCO-AM (News Talk 830 WCCO) in Minneapolis have signed a multi-year, multi-platform agreement that returns the station as the NBA team's flagship radio home beginning with the 2026-27 season. Under the agreement, WCCO will air all Timberwolves regular-season games More

Compass to Sell Ads for TJ Show and LiveLine
Compass Media Networks
Compass Media Networks
Radiocraft has selected Compass Media Networks to handle all advertising sales for the nationally syndicated "The TJ Show" and "LiveLine with Mason," effective January 1, 2027. "The TJ Show," hosted by TJ Taormina, airs in morning drive on more than 130 stations. Taormina previously served as a co-host 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