Welcome to our dedicated page for Entravision Communication news (Ticker: EVC), a resource for investors and traders seeking the latest updates and insights on Entravision Communication stock.
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 Communications Corporation (NYSE: EVC) reported its financial results for Q3 and the nine months ended September 30, 2020. Revenues declined by 8% year-over-year to $62.98 million for Q3 and 15% for the nine months to $172.34 million. Political advertising sales exceeded expectations, contributing to a stronger quarter. Operating expenses decreased by 21%, reflecting cost-cutting measures. The company completed a $29 million acquisition of a 51% stake in Cisneros Interactive. Despite losses, adjusted EBITDA rose 79% to $16.37 million in Q3.
Entravision Communications Corporation (NYSE: EVC) will release its third quarter 2020 financial results after market close on November 5, 2020. A conference call will be held on the same day at 5:00 p.m. ET to discuss the results. Investors can participate by dialing (877) 407-9716 (U.S.) or (201) 493-6779 (International). A replay will be available until November 19, 2020. Entravision, a global media and marketing technology company, operates 54 television stations and 49 radio stations, targeting audiences across Latin America, Europe, and Asia.
Entravision Communications Corporation (NYSE: EVC) has launched the Shoboy Show in Albuquerque, New Mexico, now airing on KJFA-AM/FM. This morning show targets young adults seeking English-language entertainment with a Latin twist. It previously debuted in several other markets, and the network expects continued expansion and new opportunities for clients. The show airs Monday to Friday from 6AM to 10AM MT.
Entravision is a major media and marketing company with a diverse portfolio, including 54 TV stations and 49 Spanish-language radio stations across multiple countries.
Entravision Communications Corporation (NYSE: EVC) has announced a majority investment acquisition of Cisneros Interactive, a digital advertising firm. This strategic move enhances Entravision's digital product offerings and positions the combined entities as a significant player in the U.S. Hispanic and Latin American digital advertising markets. Cisneros Interactive, founded in 2010, boasts partnerships with top tech companies and a strong presence in 17 countries. The leadership teams are set to collaborate to optimize service offerings and attract a broader range of premier clients.
Entravision Communications Corporation (NYSE: EVC) launched the Juntas Votamos campaign on September 15, 2020, to empower Latina women to register and vote in the upcoming November 2020 election. Coinciding with Hispanic Heritage Month, the campaign features various initiatives across Entravision’s media platforms, including a Vote Series, public service announcements, and feature profile stories. The campaign aims to educate audiences on important issues while promoting civic engagement, with a strong focus on women's voices and experiences.
Entravision Communications Corporation (NYSE: EVC) participated in Noble Capital Markets' C-Suite Interview Series, focusing on key topics such as digital media strategy changes, the impact of COVID-19 on networks, and political advertising effects for 2020. The interview, recorded on August 18, highlighted the company's positive cash flow despite lower revenues in the second quarter and discussed how illegal immigration policies could affect its Hispanic markets. The recorded interview is currently available on Channelchek.
Entravision Communications Corporation (EVC) and the National Partnership for New Americans (NPNA) have launched the "Vota Conmigo 2020" campaign to engage newly naturalized Hispanic voters for the upcoming November 3, 2020, election. This initiative aims to reach hundreds of thousands through public service announcements and resources to facilitate voter registration. The campaign highlights that nearly 40% of the 5.3 million naturalized citizens since 2014 are Hispanic, representing a significant voting bloc. The campaign will also feature a phone bank event on National Voter Registration Day.
Entravision Communications Corporation (NYSE: EVC) has launched a new local morning radio program, the Shoboy Show, hosted by Edgar 'Shoboy' Sotelo. The show airs Monday to Friday, 8 AM - 11:59 AM CT on Entravision's Fuego stations across McAllen, Sacramento, and Stockton-Modesto. Aimed at young adults, the program mixes entertainment with relatable conversations. Entravision has also secured a national sales agreement for the show, suggesting potential for increased revenue. Edgar Sotelo, a seasoned broadcaster, aims to connect with the Latino community through this new platform.
Entravision Communications Corporation (NYSE: EVC) reported second-quarter 2020 financial results, showing a 35% decrease in net revenue to $45.1 million compared to the previous year. Digital segment revenues dropped by 32%, while radio revenues fell by 53%. Operating expenses decreased by 24% to $33.0 million, leading to adjusted EBITDA of $1.7 million, down 86%. Despite challenges from the COVID-19 pandemic, the company announced a quarterly cash dividend of $0.025 per share, totaling $2.1 million.
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