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) 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.
Entravision (NYSE: EVC), a leading global advertising solutions company, announced CFO Chris Young's participation in upcoming investor conferences. Young will present at the Singular Research Spring Select Webinar on May 25, 2022, at 1:45 p.m. PT, and at the Gabelli 14th Annual Symposium in New York on June 2, 2022, at 10:00 a.m. ET. Additionally, he will attend the East Coast IDEAS Investor Conference virtually on June 22-23, 2022. Live webcasts of these presentations and replays will be available on Entravision's Investor Relations website.
Entravision Communications Corporation (NYSE: EVC) reported a strong start to 2022 with record financial results for Q1. Net revenue surged by 32% to $197.2 million, largely driven by a 51% growth in digital segment revenue. However, net income attributable to common stockholders fell 65% to $1.9 million. Adjusted EBITDA rose 28% to $18.1 million and operating cash flow increased 127%. A quarterly dividend of $0.025 per share was declared, and $7.1 million of shares were repurchased. The company also plans to invest in Jack of Digital, enhancing its market presence.
Entravision (NYSE: EVC) has announced its expansion into Kenya, enhancing its presence in the rapidly growing East African digital advertising market. This move aims to leverage Kenya's tech-savvy consumer base, which is projected to represent 17% of Sub-Saharan Africa's digital advertising sector by 2023. The company introduces Maggie Ndirangu as the Managing Director for its Kenyan operations, bringing valuable regional expertise. This expansion marks Entravision's commitment to providing comprehensive digital solutions and branding services in emerging African markets.
Entravision (NYSE: EVC) will release its first quarter 2022 financial results on May 5, 2022, after market close. A conference call is scheduled for 5:00 p.m. Eastern Time to discuss these results. Interested parties can access the call by dialing (877) 407-9716 (U.S.) or (201) 493-6779 (International) ten minutes prior to the start. The call will also be available via live webcast at www.entravision.com. A replay will be accessible until May 19, 2022.
Entravision announced its acquisition of a strategic stake in Jack of Digital, which serves as TikTok's exclusive advertising partner in Pakistan. This investment marks Entravision's expansion into the South Asian digital advertising market, which boasts a rapidly growing consumer base, with over 98 million digital connections in Pakistan alone. With this move, Entravision aims to leverage Jack of Digital's expertise and partnerships to enhance its digital service offerings across more than 35 countries.
Entravision (NYSE: EVC) announces a strategic partnership with Anzu.io, becoming the exclusive partner for in-game advertising in 18 Latin American markets. This collaboration aims to educate advertisers on the benefits of in-game ads and leverage Anzu’s advanced advertising solutions. The gaming industry generates significant revenue, surpassing the film and music sectors combined. Entravision will enhance its capabilities in the growing gaming market, which is expected to see substantial player growth through 2024.
FAQ
What is the current stock price of Entravision Communication (EVC)?
What is the market cap of Entravision Communication (EVC)?
What is Entravision Communications Corporation?
Where does Entravision operate its digital segment?
What are the core business segments of Entravision?
How many television and radio stations does Entravision own?
What is the significance of Entravision's media assets?
What types of services does Entravision provide?
Who is the target audience for Entravision's content?
How does Entravision support its financial stability?
What recent achievements has Entravision made?
How does Entravision stay relevant in the evolving media landscape?
