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 (NYSE: EVC), a global advertising and media company, announced that CFO Chris Young will present at the Southwest IDEAS Investor Conference on November 16-17, 2022, in Dallas, Texas. Young is scheduled to present on November 16 at 11:00 am CT. The presentation will be available via live webcast on Entravision's Investor Relations website, highlighting its digital, television, and audio offerings. Entravision's digital segment focuses on global media connectivity through platforms like Meta, Twitter, TikTok, and Spotify.
Entravision Communications Corporation (NYSE: EVC) reported its Q3 2022 financial results, with a record advertising revenue increase of 21% year-over-year, totaling $241 million. However, net income attributable to common stockholders decreased by 23% to approximately $9.4 million. Adjusted EBITDA rose by 12% to $26 million, while free cash flow fell by 31%. The digital segment drove growth, increasing 29% in revenue. The company announced a quarterly cash dividend of $0.025 per share, payable on December 30, 2022. Entravision continues to expand globally, currently operating in 40 countries.
Entravision (NYSE: EVC) will release its third quarter 2022 financial results on November 3, 2022, after market close. A conference call is scheduled for 4:30 p.m. Eastern Time that day, allowing investors to discuss the results. Participants can join via phone or live webcast on the company's website. A replay will be accessible through November 17, 2022, for those who cannot attend the live event.
Entravision (NYSE: EVC) has announced a partnership that expands its digital footprint into West Africa. The company's subsidiary, Entravision 365 Digital, is now the Authorized Sales Partner for Meta in Ghana. This strategic alliance will enable Entravision to provide local advertisers with essential resources, including training and financial support. CEO Julian Jordaan highlighted the commitment to empower local businesses. The appointment of Stephen Sawyerr as Country Manager further solidifies their strategy to enhance advertising effectiveness across Meta's platforms.
Entravision (NYSE: EVC), a global leader in advertising solutions, will have CFO Chris Young present at two upcoming investor conferences. The first is the Deutsche Bank 30th Annual Leveraged Finance Conference in Scottsdale, Arizona on September 20, 2022, at 11:20 a.m. PT. The second is the Sidoti September Small-Cap Conference, a virtual event on September 21, 2022, at 12:15 p.m. PT. Live webcasts will be available on Entravision’s Investor Relations website.
Entravision (NYSE: EVC) has announced a strategic partnership with LATV Networks, enhancing its outreach to the Latino community. This collaboration aims to leverage Entravision's digital marketing expertise to expand LATV's bilingual content distribution. The partnership will provide over 5,000 hours of innovative video content and targeted marketing solutions, addressing the diverse needs of Hispanic consumers. Key executives from both companies expressed optimism about delivering value to advertisers through advanced technology and creative marketing strategies.
Entravision (NYSE: EVC) announced that Chief Financial Officer Chris Young will present at the 13th Annual Midwest IDEAS Investor Conference on August 24-25, 2022, in Chicago, Illinois. Young’s presentation is scheduled for August 24 at 4:30 PM CT, with additional investor meetings throughout the day. The presentation will be available via live webcast on Entravision’s Investor Relations website, enhancing engagement with investors and showcasing the company's advertising solutions across digital, television, and audio platforms.
Entravision Communications Corporation (NYSE: EVC) reported a record second quarter in 2022, achieving net revenue of $221.7 million, up 24% year-over-year. Net income attributable to common stockholders rose 8% to $8.5 million, while consolidated adjusted EBITDA increased by 26% to $22.5 million. The digital segment led growth with a 34% revenue increase. Operating cash flow, however, decreased 54% from the previous year. The Board declared a quarterly dividend of $0.025 per share and announced a $20 million share repurchase program.
Entravision (NYSE: EVC) has finalized a strategic investment in Jack of Digital, a digital marketing services firm in Pakistan and exclusive advertising partner of TikTok in the region. This move expands Entravision’s digital presence across South Asia, targeting nearly 100 million digitally connected consumers. Jack of Digital, founded in 2020, also represents brands like Eskimi and SHAREit. The partnership aims to leverage Entravision's resources to enhance growth opportunities in the region, particularly in marketing and advertising.
Entravision (NYSE: EVC) has promoted Karina Cerda to Executive Vice President of Global Marketing, a newly created role aimed at unifying marketing strategies across its operations in over 35 countries. Cerda, who has nearly three decades of experience in media marketing, will oversee branding, messaging, and sales initiatives to enhance growth. Walter Ulloa, CEO, highlighted her leadership and the strategic importance of this appointment as part of Entravision's long-term growth plan, which currently serves more than 7,000 clients worldwide.
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