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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 (NYSE:EVC) has acquired the remaining 49% of Cisneros Interactive, securing 100% ownership of the leading digital advertising firm in Latin America. This acquisition strengthens Entravision’s position as a global digital advertising solutions provider. Cisneros Interactive, led by CEO Victor Kong, will continue to operate autonomously while enhancing collaboration with Entravision. Digital revenue has surged over 1,000% year-over-year, reaching $130.2 million for Q2 2021, comprising 73% of consolidated revenue, underscoring the strong growth in their digital market offerings.
Entravision Communications Corporation (NYSE: EVC) announced its participation in two upcoming investor events. The first is the Noble Capital Markets’ Virtual Road Show Series on August 10, 2021, featuring CFO Christopher Young in a live fireside chat at 1:00 p.m. ET. The second is the Sidoti Summer Virtual Microcap Investor Conference on August 19, 2021, where Young will present and hold investor meetings. Both presentations will be available via live webcasts on Entravision's Investor Relations website.
Entravision Communications Corporation (NYSE: EVC) has announced the expansion of its Fuego Radio format to 101.9 FM in Sacramento, California, effective August 2, 2021. The station will feature a mix of popular Latin Urban music and mainstream hits from top artists like Bad Bunny and Dua Lipa. Additionally, listeners can enjoy the Shoboy Show, aimed at bilingual Latinos. A countdown campaign has been launched to promote the frequency change from 103.5 FM.
Entravision Communications Corporation (NYSE: EVC) reported robust financial results for Q2 2021, with net revenue soaring 295% year-over-year to $178.4 million and net income attributable to common stockholders surging 236% to $7.9 million. Consolidated Adjusted EBITDA increased 932% to $17.8 million, driven by growth in the digital segment, which now comprises 73% of total revenue. A quarterly cash dividend of $0.025 per share was announced, payable on September 30, 2021. The acquisition of MediaDonuts enhances Entravision's digital advertising capabilities in Southeast Asia.
Entravision Communications Corporation (NYSE: EVC) has launched a new radio format, Real Country 103.5 FM, in Sacramento, California, targeting listeners aged 25-54 with a mix of classic and contemporary country music. The station features notable artists and a lineup of local hosts. Upcoming special programming includes themed weekends and tributes to country music legends. Management believes this format change aligns with listener preferences and offers new marketing opportunities for advertisers, capitalizing on the area's strong demand for country music.
Entravision Communications Corporation (NYSE: EVC) is set to release its Q2 2021 financial results after market close on August 5, 2021. A conference call will be held at 5:00 p.m. ET to discuss these results, accessible via phone and live webcast. Entravision is a global media and marketing technology firm operating 54 TV stations and 48 radio stations, with a diverse digital portfolio including solutions for digital advertising. More details can be found on their website.
Entravision Communications Corporation (NYSE: EVC) announced the completion of its acquisition of MediaDonuts, a digital marketing company operating in seven Asia-Pacific countries. Based in Singapore, MediaDonuts collaborates with major tech firms, serving over 500 brands. This acquisition aligns with Entravision's digital transformation strategy, expanding its reach to 33 countries. MediaDonuts' team of 80 experts will remain, with Pieter-Jan de Kroon continuing as CEO. This acquisition enhances Entravision's position in the fast-growing Southeast Asian market, which has around 700 million people, 400 million of whom are digitally connected.
Entravision Communications Corporation (NYSE: EVC) has announced the syndication of the Shoboy Show in San Diego, CA on XRST-FM and in Houston, TX on KLOL-FM. This expansion marks a significant addition to the show's reach, now broadcasting on ten stations across multiple states. Chris Munoz, EVP of National and Network Sales, stated that this enhances their ability to target bilingual Latino markets. The show, hosted by Edgar “Shoboy” Sotelo, continues to attract a wide audience, representing demographic diversity across regions.
Entravision Communications Corporation (NYSE: EVC) announces its expanded Spanish-language NFL broadcast coverage for the 2021 and 2022 seasons. The company will air 50 games across 29 U.S. markets, beginning with the NFL Kickoff on September 9, featuring the Cowboys and Buccaneers. Coverage includes Sunday Night and Monday Night Football, extending through the playoffs, concluding with Super Bowl LVI on February 13, 2022. Entravision's game day broadcasts will feature pre-game and post-game analysis, enhancing engagement with the growing Latino fan base.
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