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Entravision Communications Corporation (NYSE: EVC) is a dynamic Spanish-language media company with a diversified portfolio of media assets, including 53 television stations, 48 radio stations, and over 100 interactive properties. Entravision's media assets are strategically located in fast-growing U.S. Hispanic markets, catering to a consumer base expected to account for approximately $1083 billion in consumer spending in 2014.
Entravision operates across three primary segments: television broadcasting, audio broadcasting, and digital media. The company's television and audio operations are committed to reaching and engaging U.S. Hispanics, offering content that resonates with this significant demographic group. In addition, Entravision's digital segment extends its reach globally, with operations in Europe, Latin America, Asia, and Africa.
As a global leader in advertising solutions, media, and technology, Entravision provides integrated marketing and media solutions. These encompass television, radio, and digital properties, as well as data analytics services, offering clients comprehensive tools to reach their target audiences effectively.
Recent achievements for Entravision include the expansion of its digital media segment and strategic partnerships that enhance its market position. The company's financial condition remains robust, supported by diversified revenue streams across its various media platforms.
Entravision continues to innovate and adapt to the evolving media landscape, ensuring its offerings meet the changing needs of consumers and advertisers alike.
Entravision's White House News Correspondent Stephanie Ochoa has been awarded the prestigious 2024 Foreign Press Excellence Award by the Association of Foreign Press Correspondents in the USA (AFPC-USA). The ceremony will take place at the National Press Club in Washington D.C.
Ochoa is recognized for her commitment to delivering reporting that bridges diverse perspectives and serves the Latino community. As a Latina and immigrant in political reporting, she emphasizes the vital role of journalism in democracy and informed decision-making.
The award ceremony will also include scholarship presentations to support future global media leaders. Both CEO Michael Christenson and President/COO Jeffery Liberman praised Ochoa's dedication to delivering accurate, impactful reporting that connects national political issues to local communities.
Entravision Communications (EVC) announces the addition of renowned Spanish-language radio duo Omar y Argelia to its Los Angeles station lineup. Starting January 6, 2025, their show will air weekdays from 9:00 AM to 12:00 PM exclusively on Jose 97.5 FM & 107.1 FM.
Omar Velasco and Argelia Atilano, known for their two-decade legacy in Latino radio, bring their unique chemistry and cultural storytelling to Entravision's programming. The move aligns with Entravision's strategy to enhance listener experiences and provide advertisers with opportunities to connect with the Los Angeles Latino market.
Entravision (NYSE: EVC) has appointed Jamil Downey as Vice President & General Manager, Americas for its Smadex division, a mobile advertising and Connected TV technology platform. Downey, formerly with Apple Search Ads, will report to Chief Revenue Officer Phil Gontier and lead Smadex's U.S. expansion strategy. The appointment aims to leverage Entravision's market presence and industry relationships to accelerate growth. Smadex has been experiencing exceptional revenue growth, outpacing industry benchmarks, and focuses on delivering mobile and Connected TV advertising solutions.
Entravision Communications (NYSE: EVC) reported its financial results for Q3 2024, showing a 25% increase in net revenue to $97.2 million compared to Q3 2023, driven by political advertising and Smadex. The company realigned its operations into two segments: Media and Advertising Technology & Services. Despite the revenue growth, Entravision reported a net loss from continuing operations of $10.8 million, a 78% increase from the previous year's $6.1 million loss. Operating expenses rose by 30% to $52.7 million due to higher salaries and cloud infrastructure costs. The company declared a quarterly cash dividend of $0.05 per share, payable on December 31, 2024. Free cash flow decreased by 45% to $9.3 million in Q3 2024. The balance sheet shows cash and marketable securities of $93.1 million and total debt of $187.8 million. Consolidated EBITDA for Q3 2024 was $15.1 million.
Entravision, AltaMed, and BSP Research released Week 8 findings of the 2024 National Latino Voter Tracking Poll, showing record voter engagement with 84% of registered Latino voters having voted or certain to vote. Early voting among Latinos has doubled in the past week to 35%. The poll reveals Kamala Harris leading Donald Trump by a 64% to 34% margin among Latino voters. Democratic outreach has increased to 65% while Republican engagement declined to 36%. Key concerns include election result disputes (59%) and anxieties about their community's place in America. Healthcare emerged as a bipartisan priority, with both Democratic (57%) and Republican (55%) Latino voters prioritizing access to affordable services.
Entravision (NYSE: EVC), a media and advertising technology company, has scheduled its third quarter 2024 financial results release for Wednesday, November 6, 2024 after market close. The company will host a conference call on Thursday, November 7, 2024 at 5:00 p.m. Eastern Time to discuss the results. The call will be accessible via phone and webcast, with a replay available through November 21, 2024.
The Week 6 results of the 2024 National Latino Voter Tracking Poll reveal significant shifts in Latino voter engagement and preferences. Key findings include:
1. Latino voter enthusiasm has reached its highest level, with 75% either having voted or being 'almost certain' to vote.
2. Campaign outreach to Latinos has increased to 58%, up from 48% in Week 1.
3. 33% of Latino voters still need more information to make their presidential choice.
4. Independent Latino voters are now split between Trump (44%) and Harris (43%).
5. A notable gender gap exists among Latino voters, with Latinas strongly favoring Democrats while Latino men are more receptive to Republicans.
The poll, conducted by Entravision, AltaMed, and BSP Research, will continue for two more weeks, providing valuable insights into Latino voting trends leading up to Election Day.
Entravision Communications (NYSE: EVC) has announced key leadership appointments to strengthen its sales growth strategy and operational effectiveness. Juan Navarro has been promoted to Chief Revenue Officer, succeeding Karl Meyer. Marcelo Gaete has been appointed Chief Government Affairs Officer, while Larry Safir will assume the role of Executive Vice President for Entravision Texas.
CEO Michael Christenson expressed confidence in Navarro's ability to drive future growth, citing his proven leadership and commitment to local television, radio, and digital media. Navarro expressed enthusiasm for his new role and the opportunities to deliver innovative solutions to clients. Christenson also highlighted Gaete's expertise in the political landscape as vital for capitalizing on government and political advertising revenue, and Safir's industry insights as instrumental in navigating the evolving media landscape.
The Week 5 results of the 2024 National Latino Voter Tracking Poll reveal key insights into Latino voter preferences. Kamala Harris leads with 60% support, while Donald Trump has 35% support. However, Harris is underperforming compared to Biden's 2020 Latino support. Notably, Independent Latino voters are shifting towards Trump, with his support increasing from 34% to 46% over three weeks.
The poll highlights significant differences between California and Texas Latino voters. Harris overperforms in California (65% support) compared to Texas (56%), while Trump over-indexes in Texas (39%) versus California (30%). The economy remains the top concern for Latino voters in both states, with cost of living/inflation rated as a major issue by 58% of respondents. Other key issues vary between states, with housing costs ranking higher in California and gun violence more prominent in Texas.
Entravision, AltaMed, and BSP Research have released Week 4 findings of the 2024 National Latino Voter Tracking Poll, offering insights into Latino voter preferences. Key findings include:
1. Kamala Harris maintains a stable lead over Donald Trump (56% vs 33%) among Latino voters.
2. Republicans are gaining favorability, with Trump's net favorability improving from -21 to -16.
3. Young Latino voters (18-29) show polarization: men favor Trump (53% vs 40%), while women strongly support Harris (60% vs 36%).
4. Outreach to Latino voters remains weak, but Republicans are making inroads.
5. 53% of Latino voters watched the Vice Presidential debate, with a near tie in perceived performance.
6. Healthcare is a non-partisan issue, with both Democratic and Republican Latino voters supporting affordable quality healthcare.
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