EVC 8-K

Entravision Communications Corp (EVC)

8-K 2025-08-05 For: 2025-08-05

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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 August 5, 2025 announcing its results of operations for the three- and six-month periods ended June 30, 2025.
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)


			ENTRAVISION COMMUNICATIONS CORPORATION

Date:	August 5, 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									Six-Month Period
	Ended June 30,						%			Ended June 30,						%
	2025			2024			Change			2025			2024			Change
Net revenue
Media	$	45,413		$	49,233			(8	)%	$	86,390		$	94,999			(9	)%
Advertising Technology & Services		55,322			33,421			66	%		106,196			65,831			61	%
Consolidated		100,735			82,654			22	%		192,586			160,830			20	%

Cost of revenue
Media		4,651			4,129			13	%		7,917			7,007			13	%
Advertising Technology & Services		33,359			20,295			64	%		63,565			40,075			59	%
Consolidated		38,010			24,424			56	%		71,482			47,082			52	%

Direct operating expenses
Media		26,795			26,140			3	%		53,345			52,763			1	%
Advertising Technology & Services		10,917			5,616			94	%		19,869			10,794			84	%
Consolidated		37,712			31,756			19	%		73,214			63,557			15	%

Selling, general and administrative expenses
Media		11,006			9,764			13	%		21,811			19,741			10	%
Advertising Technology & Services		5,447			4,599			18	%		10,148			8,956			13	%
Consolidated		16,453			14,363			15	%		31,959			28,697			11	%

Depreciation and amortization
Media		2,607			3,304			(21	)%		5,577			6,591			(15	)%
Advertising Technology & Services		420			1,124			(63	)%		927			2,576			(64	)%
Consolidated		3,027			4,428			(32	)%		6,504			9,167			(29	)%

Segment operating profit (loss)
Media		354			5,896			(94	)%		(2,260	)		8,897		*
Advertising Technology & Services		5,179			1,787			190	%		11,687			3,430			241	%
Consolidated		5,533			7,683			(28	)%		9,427			12,327			(24	)%

Corporate expenses		6,375			10,811			(41	)%		14,163			23,059			(39	)%
Change in fair value of contingent consideration		-			240			(100	)%		-			20			(100	)%
Impairment charge		-			-		*				23,673			-		*
Loss on lease abandonment		-			-		*				25,191			-		*
Foreign currency (gain) loss		6			(24	)	*				18			241			(93	)%
Operating income (loss)		(848	)		(3,344	)		(75	)%		(53,618	)		(10,993	)		388	%

Interest expense	$	(4,037	)	$	(4,118	)		(2	)%	$	(7,700	)	$	(8,561	)		(10	)%
Interest income		619			577			7	%		1,224			1,155			6	%
Dividend income		1			-		*				1			10			(90	)%
Realized gain (loss) on marketable securities		3			4			(25	)%		4			(109	)	*
Gain (loss) on debt extinguishment		(38	)		(51	)		(25	)%		(38	)		(91	)		(58	)%
Income (loss) before income taxes		(4,300	)		(6,932	)		(38	)%		(60,127	)		(18,589	)		223	%

Capital expenditures
Media	$	1,970		$	1,532					$	4,330		$	3,526
Advertising Technology & Services		301			191						325			267
Consolidated	$	2,271		$	1,723					$	4,655		$	3,793


	June 30,			December 31,
	2025			2024
ASSETS
Current assets
Cash and cash equivalents	$	64,508		$	95,914
Marketable securities		4,770			4,694
Restricted cash		791			786
Trade receivables, net of allowance for doubtful accounts		78,426			68,319
Prepaid expenses and other current assets		22,337			16,587
Assets held for sale		7,247			—
Total current assets		178,079			186,300
Property and equipment, net		47,669			60,616
Intangible assets subject to amortization, net		3,505			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		21,709			40,762
Other assets		7,484			7,905
Total assets	$	417,998		$	487,278
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Current maturities of long-term debt	$	5,000		$	-
Accounts payable and accrued expenses		59,075			53,882
Operating lease liabilities		7,648			7,744
Total current liabilities		71,723			61,626
Long-term debt, less current maturities, net of unamortized debt issuance costs		172,110			186,958
Long-term operating lease liabilities		39,710			42,101
Other long-term liabilities		12,647			12,168
Deferred income taxes		31,799			38,405
Total liabilities		327,989			341,258
Stockholders' equity
Class A common stock		8			8
Class U common stock		1			1
Additional paid-in capital		810,785			815,532
Accumulated deficit		(720,023	)		(668,720	)
Accumulated other comprehensive income (loss)		(762	)		(801	)
Total stockholders' equity		90,009			146,020
Total liabilities, redeemable noncontrolling interest and equity	$	417,998		$	487,278


	Three-Month Period						Six-Month Period
	Ended June 30,						Ended June 30,
	2025			2024			2025			2024
Cash flows from operating activities:
Net income (loss) attributable to common stockholders	$	(3,337	)	$	(31,680	)	$	(51,303	)	$	(80,570	)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization		3,027			5,992			6,504			13,125
Impairment charge		—			—			23,673			49,438
Loss on lease abandonment		—			—			25,191			—
Deferred income taxes		(5,412	)		4,438			(6,879	)		214
Non-cash interest		404			68			580			160
Amortization of syndication contracts		111			114			221			227
Payments on syndication contracts		(111	)		(114	)		(220	)		(229	)
Non-cash stock-based compensation		2,685			3,287			5,298			8,734
(Gain) loss on marketable securities		(3	)		(4	)		(4	)		109
(Gain) loss on disposal of property and equipment		2			86			6			183
Loss (gain) on the sale of businesses		—			45,014			—			45,014
(Gain) loss on debt extinguishment		38			51			38			91
Change in fair value of contingent consideration		—			(11,128	)		—			(12,548	)
Net income (loss) attributable to redeemable noncontrolling interest - discontinued operations		—			—			—			(2,779	)
Changes in assets and liabilities:
(Increase) decrease in accounts receivable		479			(19,887	)		(9,981	)		9,586
(Increase) decrease in prepaid expenses and other current assets, operating leases right of use asset and other assets		8,181			(12,440	)		(1,348	)		(19,590	)
Increase (decrease) in accounts payable, accrued expenses and other liabilities		1,764			33,899			808			39,906
Net cash provided by (used in) operating activities		7,828			17,696			(7,416	)		51,071
Cash flows from investing activities:
Proceeds from sale of businesses, net of cash divested		—			(42,967	)		—			(42,967	)
Purchases of property and equipment		(2,161	)		(1,994	)		(4,804	)		(4,737	)
Purchases of marketable securities		(747	)		—			(965	)		—
Proceeds from sale of marketable securities		561			1,177			947			10,019
Proceeds from loan receivable		—			10,748			—			10,748
Net cash provided by (used in) investing activities		(2,347	)		(33,036	)		(4,822	)		(26,937	)
Cash flows from financing activities:
Tax payments related to shares withheld for share-based compensation plans		—			—			—			(27	)
Payments on debt		(10,000	)		(10,000	)		(10,000	)		(20,275	)
Dividends paid		(4,549	)		(4,496	)		(9,098	)		(8,972	)
Distributions to noncontrolling interest		—			—			—			(1,078	)
Payment of contingent consideration		—			(13,400	)		—			(14,300	)
Principal payments under finance lease obligation		(32	)		(33	)		(65	)		(74	)