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 (EVC), in collaboration with AltaMed Health Services and BSP Research, is launching the 2024 National Latino Tracking Poll on September 11, 2024. This weekly survey will provide real-time insights into Latino voter priorities ahead of the November election. The poll will survey 500 registered Latino voters each week for 8 weeks, covering topics such as voting intentions, key issues, healthcare concerns, and candidate favorability.
Results will be released weekly, starting September 18, 2024. A virtual press event will be held on the same day at 1pm ET/10am PT to discuss initial findings. This initiative aims to offer candidates, organizations, media, and voters a unique resource to understand how key issues resonate with Latino voters, recognizing the intersection of healthcare, civic engagement, and policy within the Latino community.
Entravision has launched 'Unidos Por El Cambio', a national Get Out The Vote campaign aimed at empowering and mobilizing Latino voters for the 2024 elections. The initiative focuses on raising awareness, boosting participation, and deepening civic understanding within the Latino community. The campaign features creative video content, culturally-attuned messaging, and a compelling call to action.
Three creative ads anchor the campaign: 'PLEDGE OF ALLEGIANCE', celebrating Latino contributions to American society; 'I MATTER', emphasizing the personal importance of civic involvement; and 'UNIDOS', led by Eduardo Alejandro 'El Flaco' Moreno, encouraging voter registration through Entravision's audio streaming platform, Elboton.com.
Entravision, in collaboration with BSP Research, conducted a comprehensive survey of Latino registered voters in Nevada and South Texas ahead of the 2024 U.S. elections. The poll, surveying 800 Latino Registered Voters, reveals high engagement but an information gap among Latino voters. Key findings include:
1. 62% of Latino voters are 'almost certain' to vote in November.
2. Over half feel they lack sufficient information about candidates.
3. In Nevada, Harris leads Trump by 18 points among Latino voters.
4. In South Texas, Harris leads Trump by 13 points.
5. Senator Jacky Rosen holds a 30-point lead over Sam Brown in Nevada.
6. Congressman Colin Allred leads Senator Ted Cruz by 19 points in South Texas.
The study highlights the important role of Spanish-language media in informing Latino voters and the potential impact of this demographic on the election outcome.
Entravision Communications (NYSE: EVC) announced its financial results for Q2 2024. The company reported an increase in net revenue from continuing operations by 12% year-over-year to $82.7 million, primarily driven by digital advertising. Net income from continuing operations was $3.7 million, a significant turnaround from a loss of $5.8 million in Q2 2023.
However, the company reported a loss of $35.4 million from discontinued operations due to the sale of its digital commercial partnerships business, EGP. Despite this, cash flows from operating activities grew by 70% to $17.7 million, and free cash flow surged 586% to $15.7 million.
Additionally, Entravision declared a quarterly cash dividend of $0.05 per share, payable on September 30, 2024. The company emphasized its focus on maximizing political revenue and enhancing its digital marketing solutions.
Entravision and the NFL have renewed their partnership for three more years, extending their collaboration through the 2026-2027 NFL season. This deal marks a decade-long alliance aimed at engaging Latino communities across the U.S., where 71% identify as NFL fans. The expanded partnership includes:
- Coverage of 54 games, including Sunday Night Football, Monday Night Football, and the first international game in Brazil
- Postseason coverage of all NFL Playoff games, AFC and NFC Championships, and Super Bowl LIX
- Broadcasting on Entravision's O&O radio stations and affiliate partners like TUDN and Latino Media Network
- A 30-minute pregame show, Pase Completo, featuring Ricardo Celis and Tony Nuñez
- Streaming options via ElBoton.com & mobile app
This partnership aims to deliver culturally relevant sports content to Latino fans, strengthening the NFL's largest ethnic fan base in the U.S.
Entravision (NYSE: EVC), a media and advertising technology company, has announced its schedule for the release of its second quarter 2024 financial results. The company will disclose these results after the market closes on Thursday, August 8, 2024, followed by a conference call at 4:30 p.m. Eastern Time on the same day to discuss the findings.
Investors and interested parties can access the conference call by dialing (877) 407-9716 (U.S.) or (201) 493-6779 (International). A live webcast will also be available on the company's investor relations website. For those unable to attend the live call, a replay will be accessible until August 22, 2024, by dialing (844) 512-2921 (U.S.) or (412) 317-6671 (International) with the passcode 13748175.
Entravision Communications (NYSE: EVC) announced an agreement to sell its digital advertising representation business to Aleph Group. This move has been approved by the Entravision Board of Directors and is expected to be finalized by the end of June.
Entravision Communications (NYSE: EVC) announced leadership appointments to support strategic priorities, including Mark Boelke as CFO, Bill McNally as Chief Accounting Officer, and Jeff DeMartino as General Counsel. The company is streamlining its management structure and aligning with operational needs.
Entravision Communications (NYSE: EVC) reported its financial results for the first quarter of 2024, declaring a quarterly cash dividend of $0.05 per share payable on June 28, 2024. The company is adjusting its digital strategy due to Meta winding down its authorized sales partner program. Despite the challenges, Entravision remains confident in its long-term opportunities and is focused on maximizing political revenue, providing quality content, and enhancing its programmatic ad platform, Smadex.
Financially, the company saw a 16% increase in net revenue, driven by growth in digital and political advertising revenue. However, there was a decline in consolidated EBITDA by 65% compared to the previous year. The company's balance sheet shows cash and marketable securities of $132.7 million, with total debt of $200.1 million.
Entravision Communications has announced the launch of the 'Poder Latino' concert series, a unique initiative aimed at mobilizing and informing the Latino community through music, entertainment, and community engagement. Partnering with Mi Familia en Acción, the series will focus on empowering and uniting Latino voters and promoting civic engagement. With ten concert events across six major Latino markets, featuring top-tier talent, the series kicks off on May 2 in Phoenix, Arizona.
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