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 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.
Entravision (NYSE: EVC) will release its Q2 2022 financial results on August 3, 2022, after market close. A conference call is scheduled for 5:00 p.m. Eastern Time to discuss these results. Interested participants can join by calling (877) 407-9716 for the U.S. and (201) 493-6779 for international access. A replay will be available until August 17, 2022, at (844) 512-2921 (U.S.) or (412) 317-6671 (International) with passcode 13730294. More information is available on their investor relations page.
Entravision has expanded its operations into Honduras and El Salvador, becoming an Authorized Sales Partner of Meta in these regions. This move increases Entravision's presence to 18 countries in Latin America. The company aims to support local businesses through consulting, training, and billing services in local currencies, enhancing advertising efficiencies. This expansion follows a successful track record where, in 2021, Entravision trained over 5,000 stakeholders to utilize the Meta platform effectively.
Entravision (NYSE: EVC) announces the expansion of the Shoboy Show, hosted by Edgar ‘Shoboy’ Sotelo, to four new affiliate stations in Jacksonville, FL, Bakersfield, CA, Atlantic City, NJ, and Scranton, PA. This bilingual show, which began airing in 2020, is now syndicated across 15 stations in nine states. The program has gained popularity for its relatable content and engagement with listeners, addressing the bicultural Latino lifestyle. Entravision continues to grow its market presence and reach with this strategic expansion.
Entravision (NYSE: EVC) has been awarded the Great Place to Work Certification™ for the third time, with 84% of its employees designating it as a great workplace. This figure is significantly higher than the average U.S. company. The recognition highlights Entravision's commitment to providing a positive and safe employee experience.
Certification by Great Place to Work is based on employee feedback, affirming the company's strong workplace culture, which correlates with improved retention and innovation.
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