Entravision Communications Corporation Reports Second Quarter 2025 Results

Entravision Communications Corporation (NYSE: EVC), a media and advertising technology company, today announced financial results for its second quarter ended June 30, 2025.

"While our Media segment net revenue decreased 8% compared to the second quarter of 2024, we're encouraged by the sequential improvement from the first quarter of 2025 and the achievement of positive operating profit, further validating our expanded sales capacity in that segment and tight control of operating expenses,” said Michael Christenson, Chief Executive Officer. "We are also pleased to report the improved performance and execution of our Advertising and Technology Services segment in the second quarter of 2025, with net revenue increasing 66% year-over-year. This growth reflects the successful expansion of our sales capacity and the integration of AI capabilities into our proprietary technology platform."

Mr. Christenson continued, “Our balance sheet is strong and we made a voluntary debt prepayment of $10 million in the second quarter of 2025. Furthermore, following the end of the quarter, we entered into an amendment to our credit agreement, to increase our financial stability and accelerate debt reduction.”

Highlights

Entravision reports its operating results for two segments. The Media segment provides video, audio and digital marketing services to local and national advertisers in the U.S. The Advertising Technology & Services segment provides programmatic advertising technology and services to advertisers and mobile app developers on a global basis.

Consolidated net revenue increased 22% for second quarter 2025 compared to second quarter 2024.
- Media segment net revenue decreased 8% for second quarter 2025 compared to second quarter 2024, primarily due to a decrease in broadcast advertising revenue and a decrease in retransmission consent revenue, partially offset by an increase in digital advertising revenue, and an increase in spectrum usage rights revenue.
- Advertising Technology & Services segment net revenue increased 66% for second quarter 2025 compared to second quarter 2024, primarily due to increases in advertising revenue including advertising spend per client.
Segment operating profit was $5.5 million for second quarter 2025, a decrease of 28% compared to second quarter 2024.
- Media segment operating profit was $0.4 million for second quarter 2025, a decrease of 94% compared to second quarter 2024.
- Advertising Technology & Services segment operating profit was $5.2 million for second quarter 2025, an increase of 190% compared to second quarter 2024.
Corporate expenses decreased 41% for second quarter 2025 compared to second quarter 2024, primarily due to expense reductions in salaries and bonus, severance, non-cash compensation, rent and professional services.
The company made a $10 million voluntary debt prepayment and paid a dividend of $4.5 million in second quarter 2025.
The company entered into a strategic amendment to its credit agreement subsequent to the end of the quarter, on July 15, intended to accelerate debt reduction and provide additional financial stability and flexibility.
The company had $69.3 million in cash and cash equivalents and marketable securities as of June 30, 2025, compared to $100.6 million as of December 31, 2024. Net cash provided by operating activities was $7.8 million for second quarter 2025.
Entravision’s board of directors approved a quarterly cash dividend to shareholders of $0.05 per share on the company's Class A and Class U common stock. The dividend is payable on September 30, 2025 to shareholders of record as of the close of business on September 16, 2025.

Strategic Initiatives

Entravision is focused on several key strategies and initiatives for 2025 and beyond:

Provide Trusted News and Content. We are dedicated to serving our audiences as a trusted provider of news, information and entertainment. We believe local news is an important strategic initiative as a local broadcaster and have doubled our local news production over the past year.
Grow Local Sales and Digital Advertising Solutions. In late 2024 and early 2025 we made changes to our Media sales leadership and invested in hiring additional local salespeople and digital marketing specialists to drive growth in local and digital advertising sales.
Grow Advertising Technology & Services. Our Advertising Technology & Services business has shown significant revenue growth and future growth potential. Our focus includes continuing to strengthen our proprietary technology platform and algorithms and hire additional key sales personnel, particularly in the U.S.
Control Expenses and Drive Cost Efficiencies. Our strategy is to invest in content, technology and local sales in order to drive revenue, while controlling the costs of supporting services and corporate expense.
Maintain a Strong Balance Sheet. Entravision is focused on long-term financial stability and flexibility, including maintaining a strong balance sheet with low leverage.

Notice of Conference Call

Entravision will hold a conference call to discuss its second quarter 2025 results on Tuesday, August 5, 2025 at 5:00 p.m. Eastern Time. To access the conference call, please dial 1-800-717-1738 or 1-646-307-1865 ten minutes prior to the start time. The call will also be available via live webcast on the “Investor” section of the company's website at investor.entravision.com.

About Entravision Communications Corporation

Entravision is a media and advertising technology company. In the U.S., we provide video, audio and digital marketing services to local and national advertisers through a portfolio of television and radio stations and digital advertising services that target Latino audiences. Our advertising technology business provides programmatic advertising technology and services to advertisers and app developers on a global basis. Entravision is the largest affiliate group of the Univision and UniMás television networks. Shares of Entravision Class A Common Stock trade on the NYSE under the ticker: EVC. Learn more about us at entravision.com.

Forward-Looking Statements

This press release contains certain forward-looking statements. These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this press release. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that actual results will not differ materially from these expectations, and the Company disclaims any duty to update any forward-looking statements made by the Company. From time to time, these risks, uncertainties and other factors are discussed in the Company’s filings with the Securities and Exchange Commission.

Entravision Communications Corporation Segment Results (Unaudited) (In thousands)

	Three-Month Period								Six-Month Period
	Ended June 30,						%		Ended June 30,						%
		2025			2024		Change			2025			2024		Change
Net revenue
Media	$	45,413		$	49,233		(8	)%	$	86,390		$	94,999		(9	)%
Advertising Technology & Services		55,322			33,421		66	%		106,196			65,831		61	%
Consolidated		100,735			82,654		22	%		192,586			160,830		20	%

Cost of revenue
Media		4,651			4,129		13	%		7,917			7,007		13	%
Advertising Technology & Services		33,359			20,295		64	%		63,565			40,075		59	%
Consolidated		38,010			24,424		56	%		71,482			47,082		52	%

Direct operating expenses
Media		26,795			26,140		3	%		53,345			52,763		1	%
Advertising Technology & Services		10,917			5,616		94	%		19,869			10,794		84	%
Consolidated		37,712			31,756		19	%		73,214			63,557		15	%

Selling, general and administrative expenses
Media		11,006			9,764		13	%		21,811			19,741		10	%
Advertising Technology & Services		5,447			4,599		18	%		10,148			8,956		13	%
Consolidated		16,453			14,363		15	%		31,959			28,697		11	%

Depreciation and amortization
Media		2,607			3,304		(21	)%		5,577			6,591		(15	)%
Advertising Technology & Services		420			1,124		(63	)%		927			2,576		(64	)%
Consolidated		3,027			4,428		(32	)%		6,504			9,167		(29	)%

Segment operating profit (loss)
Media		354			5,896		(94	)%		(2,260	)		8,897		*
Advertising Technology & Services		5,179			1,787		190	%		11,687			3,430		241	%
Consolidated		5,533			7,683		(28	)%		9,427			12,327		(24	)%

Corporate expenses		6,375			10,811		(41	)%		14,163			23,059		(39	)%
Change in fair value of contingent consideration		-			240		(100	)%		-			20		(100	)%
Impairment charge		-			-		*			23,673			-		*
Loss on lease abandonment		-			-		*			25,191			-		*
Foreign currency (gain) loss		6			(24	)	*			18			241		(93	)%
Operating income (loss)		(848	)		(3,344	)	(75	)%		(53,618	)		(10,993	)	388	%

Interest expense	$	(4,037	)	$	(4,118	)	(2	)%	$	(7,700	)	$	(8,561	)	(10	)%
Interest income		619			577		7	%		1,224			1,155		6	%
Dividend income		1			-		*			1			10		(90	)%
Realized gain (loss) on marketable securities		3			4		(25	)%		4			(109	)	*
Gain (loss) on debt extinguishment		(38	)		(51	)	(25	)%		(38	)		(91	)	(58	)%
Income (loss) before income taxes		(4,300	)		(6,932	)	(38	)%		(60,127	)		(18,589	)	223	%

Capital expenditures
Media	$	1,970		$	1,532				$	4,330		$	3,526
Advertising Technology & Services		301			191					325			267
Consolidated	$	2,271		$	1,723				$	4,655		$	3,793

Entravision Communications Corporation Consolidated Statements of Operations (Unaudited) (In thousands, except share and per share data)

	Three-Month Period						Six-Month Period
	Ended June 30,						Ended June 30,
		2025			2024			2025			2024
Net revenue	$	100,735		$	82,654		$	192,586		$	160,830

Expenses:
Cost of revenue		38,010			24,424			71,482			47,082
Direct operating expenses		37,712			31,756			73,214			63,557
Selling, general and administrative expenses		16,453			14,363			31,959			28,697
Corporate expenses		6,375			10,811			14,163			23,059
Depreciation and amortization		3,027			4,428			6,504			9,167
Change in fair value of contingent consideration		—			240			—			20
Impairment charge		—			—			23,673			—
Loss on lease abandonment		—			—			25,191			—
Foreign currency (gain) loss		6			(24	)		18			241
Total expenses		101,583			85,998			246,204			171,823
Operating income (loss)		(848	)		(3,344	)		(53,618	)		(10,993	)
Interest expense		(4,037	)		(4,118	)		(7,700	)		(8,561	)
Interest income		619			577			1,224			1,155
Dividend income		1			—			1			10
Realized gain (loss) on marketable securities		3			4			4			(109	)
Gain (loss) on debt extinguishment		(38	)		(51	)		(38	)		(91	)
Income (loss) before income taxes		(4,300	)		(6,932	)		(60,127	)		(18,589	)
Income tax benefit (expense)		800			10,664			8,852			14,811
Net income (loss) from continuing operations		(3,500	)		3,732			(51,275	)		(3,778	)
Net income (loss) from discontinued operations, net of tax		163			(35,412	)		(28	)		(76,792	)
Net income (loss) attributable to common stockholders	$	(3,337	)	$	(31,680	)	$	(51,303	)	$	(80,570	)

Basic and diluted earnings per share:
Net income (loss) per share from continuing operations, basic and diluted	$	(0.04	)	$	0.04		$	(0.56	)	$	(0.04	)

Net income (loss) per share from discontinued operations, basic and diluted	$	0.00		$	(0.39	)	$	(0.00	)	$	(0.86	)

Net income (loss) per share attributable to common stockholders, basic and diluted	$	(0.04	)	$	(0.35	)	$	(0.56	)	$	(0.90	)

Cash dividends declared per common share, basic and diluted	$	0.05		$	0.05		$	0.10		$	0.10

Weighted average common shares outstanding, basic and diluted		90,976,288			89,820,737			90,976,288			89,669,397
Weighted average common shares outstanding, diluted		90,976,288			90,721,280			90,976,288			89,669,397

Entravision Communications Corporation Consolidated Balance Sheets (Unaudited) (In thousands)

	June 30,			December 31,
		2025			2024
ASSETS
Current assets
Cash and cash equivalents	$	64,508		$	95,914
Marketable securities		4,770			4,694
Restricted cash		791			786
Trade receivables, net of allowance for doubtful accounts		78,426			68,319
Prepaid expenses and other current assets		22,337			16,587
Assets held for sale		7,247			—
Total current assets		178,079			186,300
Property and equipment, net		47,669			60,616
Intangible assets subject to amortization, net		3,505			4,417
Intangible assets not subject to amortization		149,276			177,276
Goodwill		7,352			7,352
Deferred income taxes		2,924			2,650
Operating leases right of use asset		21,709			40,762
Other assets		7,484			7,905
Total assets	$	417,998		$	487,278
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Current maturities of long-term debt	$	5,000		$	-
Accounts payable and accrued expenses		59,075			53,882
Operating lease liabilities		7,648			7,744
Total current liabilities		71,723			61,626
Long-term debt, less current maturities, net of unamortized debt issuance costs		172,110			186,958
Long-term operating lease liabilities		39,710			42,101
Other long-term liabilities		12,647			12,168
Deferred income taxes		31,799			38,405
Total liabilities		327,989			341,258
Stockholders' equity
Class A common stock		8			8
Class U common stock		1			1
Additional paid-in capital		810,785			815,532
Accumulated deficit		(720,023	)		(668,720	)
Accumulated other comprehensive income (loss)		(762	)		(801	)
Total stockholders' equity		90,009			146,020
Total liabilities, redeemable noncontrolling interest and equity	$	417,998		$	487,278

Entravision Communications Corporation Consolidated Statements of Cash Flows (Unaudited) (In thousands)

	Three-Month Period						Six-Month Period
	Ended June 30,						Ended June 30,
		2025			2024			2025			2024
Cash flows from operating activities:
Net income (loss) attributable to common stockholders	$	(3,337	)	$	(31,680	)	$	(51,303	)	$	(80,570	)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization		3,027			5,992			6,504			13,125
Impairment charge		—			—			23,673			49,438
Loss on lease abandonment		—			—			25,191			—
Deferred income taxes		(5,412	)		4,438			(6,879	)		214
Non-cash interest		404			68			580			160
Amortization of syndication contracts		111			114			221			227
Payments on syndication contracts		(111	)		(114	)		(220	)		(229	)
Non-cash stock-based compensation		2,685			3,287			5,298			8,734
(Gain) loss on marketable securities		(3	)		(4	)		(4	)		109
(Gain) loss on disposal of property and equipment		2			86			6			183
Loss (gain) on the sale of businesses		—			45,014			—			45,014
(Gain) loss on debt extinguishment		38			51			38			91
Change in fair value of contingent consideration		—			(11,128	)		—			(12,548	)
Net income (loss) attributable to redeemable noncontrolling interest - discontinued operations		—			—			—			(2,779	)
Changes in assets and liabilities:
(Increase) decrease in accounts receivable		479			(19,887	)		(9,981	)		9,586
(Increase) decrease in prepaid expenses and other current assets, operating leases right of use asset and other assets		8,181			(12,440	)		(1,348	)		(19,590	)
Increase (decrease) in accounts payable, accrued expenses and other liabilities		1,764			33,899			808			39,906
Net cash provided by (used in) operating activities		7,828			17,696			(7,416	)		51,071
Cash flows from investing activities:
Proceeds from sale of businesses, net of cash divested		—			(42,967	)		—			(42,967	)
Purchases of property and equipment		(2,161	)		(1,994	)		(4,804	)		(4,737	)
Purchases of marketable securities		(747	)		—			(965	)		—
Proceeds from sale of marketable securities		561			1,177			947			10,019
Proceeds from loan receivable		—			10,748			—			10,748
Net cash provided by (used in) investing activities		(2,347	)		(33,036	)		(4,822	)		(26,937	)
Cash flows from financing activities:
Tax payments related to shares withheld for share-based compensation plans		—			—			—			(27	)
Payments on debt		(10,000	)		(10,000	)		(10,000	)		(20,275	)
Dividends paid		(4,549	)		(4,496	)		(9,098	)		(8,972	)
Distributions to noncontrolling interest		—			—			—			(1,078	)
Payment of contingent consideration		—			(13,400	)		—			(14,300	)
Principal payments under finance lease obligation		(32	)		(33	)		(65	)		(74	)
Net cash provided by (used in) financing activities		(14,581	)		(27,929	)		(19,163	)		(44,726	)
Effect of exchange rates on cash, cash equivalents and restricted cash		—			—			—			(2	)
Net increase (decrease) in cash, cash equivalents and restricted cash		(9,100	)		(43,269	)		(31,401	)		(20,594	)
Cash, cash equivalents and restricted cash:
Beginning		74,399			129,184			96,700			106,509
Ending	$	65,299		$	85,915		$	65,299		$	85,915

View source version on businesswire.com: https://www.businesswire.com/news/home/20250805534805/en/

Contacts

For more information, please contact:

Mark Boelke

Chief Financial Officer

Entravision

310-447-3870

ir@entravision.com

Roy Nir

VP, Financial Reporting and Investor Relations

Entravision

310-447-3870

ir@entravision.com