Welcome to our dedicated page for Entravision Communications Cp news (Ticker: EVC), a resource for investors and traders seeking the latest updates and insights on Entravision Communications Cp stock.
Entravision Communications Corp (NYSE: EVC) operates at the intersection of traditional broadcasting and digital innovation, serving diverse media needs through television, radio, and targeted advertising solutions. This news hub provides investors and industry observers with essential updates about the company's strategic initiatives and market position.
Access real-time press releases covering earnings announcements, content partnerships, technology implementations, and leadership developments. Our curated collection simplifies tracking EVC's progress in key areas like Hispanic market engagement, programmatic advertising growth, and cross-platform audience measurement solutions.
Key updates include financial disclosures, regulatory filings, digital platform expansions, and corporate responsibility initiatives. Bookmark this page for streamlined monitoring of Entravision's evolving role in global media ecosystems and advertising technology advancements.
Entravision Communications (NYSE: EVC) reported strong financial results for Q4 and full year 2024, with consolidated net revenue increasing 37% in Q4 and 23% for the full year compared to 2023. The growth was primarily driven by record political advertising revenue in the Media segment and strong performance in the Advertising Technology & Services segment.
Key highlights include:
- Media segment revenue up 30% in Q4 and 13% for the year
- Ad Tech & Services segment revenue grew 49% in Q4 and 42% annually
- Corporate expenses decreased 48% in Q4 and 25% for the year
- Company recorded $61.2M impairment charge in 2024
- Made $20M prepayments under credit facility
- Total leverage at 2.8x, or 1.8x net of cash
- Declared quarterly dividend of $0.05 per share
Entravision (EVC) has appointed Eduardo Maytorena as Senior Vice President and General Sales Manager for Los Angeles. Maytorena brings significant experience in revenue growth, campaign creation, and team leadership across media, entertainment, and advertising industries.
Previously, Maytorena held key positions at Spanish Broadcasting System as General Sales Manager, Radio Centro where he was a top revenue performer, and HOY Newspaper where he developed 360-degree campaigns. In his new role, he will focus on strengthening Entravision's market presence, driving sales growth, and expanding client relationships.
Chief Revenue Officer Juan Navarro highlighted Maytorena's experience and dedication to serving the Latino community as valuable assets to the leadership team. Maytorena will leverage his expertise in multicultural marketing to enhance the company's media properties performance.
Entravision (EVC) has strengthened its Los Angeles leadership sales team with two strategic appointments. Edwin Garcia and LeaAnna Hernandez have both joined as Vice Presidents of Digital Sales. Garcia brings over 20 years of multicultural media and consultative sales experience, previously serving as Sales Director at NGLmitú and holding leadership positions at Univision across multiple markets. Hernandez joins with extensive experience in branding, marketing, and growth strategies, particularly in tech-driven solutions and global brand collaborations.
The appointments align with Entravision's focus on expanding its capabilities in media and sales solutions for multicultural audiences. Chief Revenue Officer Juan Navarro emphasized that their expertise will be important for the company's continued growth in providing world-class media and sales solutions to diverse audiences.
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.
