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Entravision (EVC)
NYSE:EVC
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Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-$0.21Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -1.91%
|Next Earnings Date:Mar 06, 2025
Earnings Call Sentiment|Positive
Entravision's third quarter earnings report showed strong revenue growth across segments, particularly in political advertising and technology services, despite a net loss and reduced free cash flow. Cost management efforts were effective, and the company achieved significant political advertising outcomes.Company Guidance
During the third quarter of 2024, Entravision reported a consolidated revenue of $97.2 million, an increase of 25% compared to the same period in 2023, primarily driven by political advertising in their Media segment and growth in Smadex within the Advertising Technology and Services segment. However, the net loss attributable to common stockholders was $12 million, a decline from a net income of $2.7 million in the prior year, mainly due to an income tax loss. The Media segment saw a revenue increase of 23%, reaching $59.8 million, with an operating profit of $11.7 million. Meanwhile, the Advertising, Technology, and Services segment experienced a 30% revenue growth to $37.4 million, with operating margins improving to 5%. Corporate expenses decreased by 48% to $6.9 million, driven by reduced personnel and related costs. The company ended the quarter with $93 million in cash and marketable securities, while capital expenditures were $1.6 million. Free cash flow was reported at $9.3 million, and dividends paid amounted to $4.5 million for the quarter. Looking ahead, revenue from the Media segment is pacing 28% higher for the fourth quarter, with the Advertising, Technology, and Services segment pacing 30% above the previous year.Significant Revenue Growth
Revenue for the third quarter was $97.2 million, up 25% compared to the third quarter of 2023, driven primarily by political advertising revenue and growth in the Smadex segment.
Successful Media Segment Performance
Media segment revenue increased by 23% compared to the third quarter of 2023, with an operating profit of $11.7 million, up 19% year-over-year.
Strong Performance in Advertising Technology and Services
Revenue for the Advertising Technology and Services segment was $37.4 million, up 30% compared to the third quarter of 2023, with operating margin improving to 5% from 3% a year prior.
Effective Cost Management
Corporate expenses decreased by 48% compared to the third quarter of 2023, significantly reducing overall costs.
Positive Political Advertising Outcomes
Political revenue for 2024 exceeded the previous high in 2022, with notable increases in Spanish language media allocation.
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EVC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EVC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $2.51 | $2.32 | -7.57% |
| Aug 08, 2024 | $1.75 | $1.76 | +0.57% |
| May 02, 2024 | $2.14 | $2.10 | -1.87% |
| Mar 05, 2024 | $3.22 | $1.62 | -49.69% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Entravision (EVC) report earnings?
Entravision (EVC) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is Entravision (EVC) earnings time?
Entravision (EVC) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EVC EPS forecast?
Currently, no data Available
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