EVC 8-K

Entravision Communications Corp (EVC)

8-K 2025-11-04 For: 2025-11-04

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Added on April 10, 2026


Delaware	001-15997	95-4783236
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1 Estrella Way
Burbank, California		91504
(Address of Principal Executive Offices)		(Zip Code)


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Class A Common Stock	EVC	The New York Stock Exchange


99.1	Press release issued by Entravision Communications Corporation on November 4, 2025 announcing its results of operations for the three- and nine-month periods ended September 30, 2025.
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)


			ENTRAVISION COMMUNICATIONS CORPORATION

Date:	November 4, 2025	By:	/s/ Michael J. Christenson
			Michael J. Christenson Chief Executive Officer


Mark Boelke		Roy Nir
Chief Financial Officer		VP, Financial Reporting and Investor Relations
Entravision		Entravision
310-447-3870		310-447-3870
[email protected]		[email protected]

EVC 8-K

FORM 8-K

Item 2.02 Results of Operations and Financial Condition.


	Three-Month Period									Nine-Month Period
	Ended September 30,						%			Ended September 30,						%
	2025			2024			Change			2025			2024			Change
Net revenue
Media	$	44,505		$	59,802			(26	)%	$	130,895		$	154,801			(15	)%
Advertising Technology & Services		76,125			37,354			104	%		182,321			103,185			77	%
Consolidated		120,630			97,156			24	%		313,216			257,986			21	%

Cost of revenue
Media		5,015			4,881			3	%		12,932			11,888			9	%
Advertising Technology & Services		45,971			21,920			110	%		109,536			61,995			77	%
Consolidated		50,986			26,801			90	%		122,468			73,883			66	%

Direct operating expenses
Media		28,596			29,193			(2	)%		81,941			82,405			(1	)%
Advertising Technology & Services		12,651			6,424			97	%		32,520			16,769			94	%
Consolidated		41,247			35,617			16	%		114,461			99,174			15	%

Selling, general and administrative expenses
Media		11,598			10,860			7	%		33,409			30,600			9	%
Advertising Technology & Services		7,430			6,252			19	%		17,578			15,209			16	%
Consolidated		19,028			17,112			11	%		50,987			45,809			11	%

Depreciation and amortization
Media		2,808			3,165			(11	)%		8,385			9,756			(14	)%
Advertising Technology & Services		322			717			(55	)%		1,249			3,293			(62	)%
Consolidated		3,130			3,882			(19	)%		9,634			13,049			(26	)%

Segment operating profit (loss)
Media		(3,512	)		11,703		*				(5,772	)		20,152		*
Advertising Technology & Services		9,751			2,041			378	%		21,438			5,919			262	%
Consolidated		6,239			13,744			(55	)%		15,666			26,071			(40	)%

Corporate expenses		6,340			6,930			(9	)%		20,503			29,989			(32	)%
Change in fair value of contingent consideration		-			(650	)		(100	)%		-			(630	)		(100	)%
Impairment charge		5,705			-		*				29,378			-		*
Loss on lease abandonment		-			-		*				25,191			-		*
Restructuring costs		3,188			-		*				3,188			-		*
Foreign currency (gain) loss		92			(121	)	*				110			120			(8	)%
Operating income (loss)		(9,086	)		7,585		*				(62,704	)		(3,408	)		1,740	%

Interest expense	$	(3,803	)	$	(4,087	)		(7	)%	$	(11,503	)	$	(12,648	)		(9	)%
Interest income		574			646			(11	)%		1,798			1,801			(0	)%
Dividend income		1			-		*				2			10			(80	)%
Realized gain (loss) on marketable securities		2			(1	)	*				6			(110	)	*
Gain (loss) on debt extinguishment		(176	)		-		*				(214	)		(91	)		135	%
Income (loss) before income taxes		(12,488	)		4,143		*				(72,615	)		(14,446	)		403	%

Capital expenditures
Media	$	1,154		$	1,020					$	5,484		$	4,546
Advertising Technology & Services		33			31						87			298
Consolidated	$	1,187		$	1,051					$	5,571		$	4,844


	September 30,			December 31,
	2025			2024
ASSETS
Current assets
Cash and cash equivalents	$	61,755		$	95,914
Marketable securities		4,683			4,694
Restricted cash		795			786
Trade receivables, net of allowance for doubtful accounts		88,985			68,319
Prepaid expenses and other current assets		22,671			16,587
Assets held for sale		5,597			—
Total current assets		184,486			186,300
Property and equipment, net		45,911			60,616
Intangible assets subject to amortization, net		3,050			4,417
Intangible assets not subject to amortization		149,276			177,276
Goodwill		7,352			7,352
Deferred income taxes		2,924			2,650
Operating leases right of use asset		18,018			40,762
Other assets		3,586			7,905
Total assets	$	414,603		$	487,278
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Current maturities of long-term debt	$	20,000		$	-
Accounts payable and accrued expenses		78,643			53,882
Operating lease liabilities		7,494			7,744
Total current liabilities		106,137			61,626
Long-term debt, less current maturities, net of unamortized debt issuance costs		152,040			186,958
Long-term operating lease liabilities		38,942			42,101
Other long-term liabilities		12,941			12,168
Deferred income taxes		26,378			38,405
Total liabilities		336,438			341,258
Stockholders' equity
Class A common stock		8			8
Class U common stock		1			1
Additional paid-in capital		808,598			815,532
Accumulated deficit		(729,682	)		(668,720	)
Accumulated other comprehensive income (loss)		(760	)		(801	)
Total stockholders' equity		78,165			146,020
Total liabilities and equity	$	414,603		$	487,278


	Three-Month Period						Nine-Month Period
	Ended September 30,						Ended September 30,
	2025			2024			2025			2024
Cash flows from operating activities:
Net income (loss) attributable to common stockholders	$	(9,659	)	$	(11,980	)	$	(60,962	)	$	(92,550	)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization		3,130			3,882			9,634			17,007
Impairment charge		5,705			—			29,378			49,438
Loss on lease abandonment		—			—			25,191			—
Deferred income taxes		(5,421	)		(3,500	)		(12,300	)		(3,286	)
Non-cash interest		415			63			995			223
Amortization of syndication contracts		107			112			328			339
Payments on syndication contracts		(70	)		(108	)		(290	)		(337	)
Non-cash stock-based compensation		2,804			3,688			8,102			12,422
(Gain) loss on marketable securities		(2	)		1			(6	)		110
(Gain) loss on disposal of property and equipment		7			23			13			206
Loss (gain) on the sale of businesses		—			125			—			45,139
(Gain) loss on debt extinguishment		176			—			214			91
Change in fair value of contingent consideration		—			(650	)		—			(13,198	)
Net income (loss) attributable to redeemable noncontrolling interest - discontinued operations		—			—			—			(2,779	)
Changes in assets and liabilities:
(Increase) decrease in accounts receivable		(10,572	)		1,025			(20,553	)		10,611
(Increase) decrease in prepaid expenses and other current assets, operating leases right of use asset and other assets		3,706			17,662			2,358			(1,928	)
Increase (decrease) in accounts payable, accrued expenses and other liabilities		17,951			508			18,759			40,414
Net cash provided by (used in) operating activities		8,277			10,851			861			61,922
Cash flows from investing activities:
Proceeds from sale of businesses, net of cash divested		—			—			—			(42,967	)
Purchases of property and equipment		(1,216	)		(1,552	)		(6,020	)		(6,289	)
Purchases of marketable securities		(574	)		—			(1,539	)		—
Proceeds from sale of marketable securities		672			362			1,619			10,381
Proceeds from loan receivable		—			—			—			10,748
Net cash provided by (used in) investing activities		(1,118	)		(1,190	)		(5,940	)		(28,127	)
Cash flows from financing activities:
Tax payments related to shares withheld for share-based compensation plans		—			—			—			(27	)
Payments on debt		(5,000	)		—			(15,000	)		(20,275	)
Dividends paid		(4,549	)		(4,499	)		(13,647	)		(13,471	)
Distributions to noncontrolling interest		—			—			—			(1,078	)
Payment of contingent consideration		—			—			—			(14,300	)
Principal payments under finance lease obligation		(34	)		(36	)		(99	)		(110	)