Entravision Communications Corporation Reports Fourth Quarter and Full Year 2025 Results

Entravision Communications Corporation Reports Fourth Quarter and Full Year 2025 Results March 5, 2026 Entravision Communications Corporation (NYSE: EVC), a media and advertising technology company, today announced financial results for its fourth quarter and fiscal year ended December 31, 2025. "Our Media segment net revenue declined 32% in the fourth quarter of 2025 year-over-year, primarily due to lower political revenue. These results included a 4% increase in local advertising revenue and a 5% decline in national advertising revenue, excluding political revenue," said Michael Christenson, Chief Executive Officer. "Our Advertising Technology & Services segment net revenue increased 123% in the fourth quarter of 2025 year-over-year. This performance was driven by our strategic investments in the AI capabilities of our platform and expanded sales capacity. Our Advertising Technology & Services segment had higher monthly active advertisers and higher revenue per monthly active advertiser." Mr. Christenson continued, “We repaid $5 million on our bank term loan in the fourth quarter of 2025, bringing our total reduction during the full year to $20 million. We remain committed to reducing our debt and maintaining a strong balance sheet.” Highlights Entravision reports its operating results for two segments. The Media segment provides video, audio and digital marketing services to local and national advertisers in the U.S. The Advertising Technology & Services ("ATS") segment provides programmatic advertising technology and services to advertisers and mobile app developers on a global basis. Consolidated net revenue increased 26% for fourth quarter 2025 compared to fourth quarter 2024, and increased 23% for full year 2025 compared to full year 2024.Media segment net revenue decreased 32% for fourth quarter 2025 compared to fourth quarter 2024, and decreased 20% for full year 2025 compared to full year 2024, primarily due to decreases in political advertising revenue, retransmission consent revenue, and spectrum usage rights revenue, partially offset by an increase in digital advertising revenue.ATS segment net revenue increased 123% for fourth quarter 2025 compared to fourth quarter 2024, and increased 90% for full year 2025 compared to full year 2024, primarily due to increases in advertising revenue including advertising spend per client.Segment operating profit was $11.9 million for fourth quarter 2025, a decrease of 43% compared to fourth quarter 2024. Segment operating profit was $27.6 million for full year 2025, a decrease of 41% compared to full year 2024.Media segment operating loss was $0.4 million for fourth quarter 2025, compared to operating profit of $18.5 million for fourth quarter 2024. Media segment operating loss was $6.2 million for full year 2025, compared to operating profit of $38.7 million for full year 2024.ATS segment operating profit was $12.3 million for fourth quarter 2025, an increase of 464% compared to fourth quarter 2024. ATS segment operating profit was $33.8 million for full year 2025, an increase of 317% compared to full year 2024.Corporate expenses decreased 13% for fourth quarter 2025 compared to fourth quarter 2024, primarily due to expense reductions in rent and professional services. Corporate expenses decreased 28% for full year 2025 compared to full year 2024, primarily due to expense reductions in salaries, non-cash stock-based compensation, rent and professional services.The company made a $5.0 million scheduled debt payment and paid a dividend of $4.6 million in fourth quarter 2025.The company had $63.2 million in cash and cash equivalents and marketable securities as of December 31, 2025, compared to $100.6 million as of December 31, 2024. Net cash provided by operating activities was $9.8 million and $10.6 million for fourth quarter and full year 2025, respectively.Entravision’s board of directors approved a quarterly cash dividend to shareholders of $0.05 per share on the company's Class A and Class U common stock. The dividend is payable on March 31, 2026 to shareholders of record as of the close of business on March 17, 2026. Notice of Conference Call Entravision will host a webinar to discuss its fourth quarter and full year 2025 results on Thursday, March 5, 2026 at 5:00 p.m. Eastern Time. The webinar may be accessed on company’s Investor Relations website at investor.entravision.com or via webinar registration. The webinar will also be archived on the company’s Investor Relations website under the Events section. About Entravision Communications Corporation Entravision is a media and advertising technology company. In the U.S., we provide video, audio and digital marketing services to local and national advertisers through a portfolio of television and radio stations and digital advertising services that target Latino audiences. Our advertising technology business provides programmatic advertising technology and services to advertisers and app developers on a global basis. Entravision is the largest affiliate group of the Univision and UniMás television networks. Shares of Entravision Class A Common Stock trade on the NYSE under the ticker: EVC. Learn more about us at entravision.com. Forward-Looking Statements This press release contains certain forward-looking statements. These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this press release. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that actual results will not differ materially from these expectations, and the Company disclaims any duty to update any forward-looking statements made by the Company. From time to time, these risks, uncertainties and other factors are discussed in the Company’s filings with the Securities and Exchange Commission. Entravision Communications Corporation Segment Results (Unaudited) (In thousands) Three-Month Ended Year Ended December 31, December 31, 2025 2024 % Change 2025 2024 % Change Net Revenue Media $ 45,764 $ 67,260 (32 )% $ 176,659 $ 222,061 (20 )% Advertising Technology & Services 88,614 39,702 123 % 270,935 142,887 90 % Consolidated 134,378 106,962 26 % 447,594 364,948 23 % Cost of revenue Media $ 5,308 $ 4,838 10 % $ 18,240 $ 16,726 9 % Advertising Technology & Services 56,336 23,475 140 % 165,872 85,470 94 % Consolidated 61,644 28,313 118 % 184,112 102,196 80 % Direct operating expenses Media 27,642 28,583 (3 )% 109,583 110,988 (1 )% Advertising Technology & Services 14,699 8,505 73 % 47,219 25,274 87 % Consolidated 42,341 37,088 14 % 156,802 136,262 15 % Selling, general and administrative expenses Media 10,586 12,159 (13 )% 43,995 42,759 3 % Advertising Technology & Services 5,197 4,900 6 % 22,775 20,109 13 % Consolidated 15,783 17,059 (7 )% 66,770 62,868 6 % Depreciation and amortization Media 2,656 3,135 (15 )% 11,041 12,891 (14 )% Advertising Technology & Services 52 637 (92 )% 1,301 3,930 (67 )% Consolidated 2,708 3,772 (28 )% 12,342 16,821 (27 )% Segment operating profit (loss) Media (428 ) 18,545 * (6,200 ) 38,697 * Advertising Technology & Services 12,330 2,185 464 % 33,768 8,104 317 % Consolidated 11,902 20,730 (43 )% 27,568 46,801 (41 )% Corporate expenses 6,523 7,509 (13 )% 27,026 37,498 (28 )% Change in fair value of contingent consideration — 1 (100 )% — (629 ) (100 )% Impairment charge 26,002 61,220 (58 )% 55,380 61,220 (10 )% Loss on lease abandonment — — * 25,191 — * Restructuring costs (375 ) — * 2,813 — * Foreign currency (gain) loss 413 572 (28 )% 523 692 (24 )% Operating income (loss) (20,661 ) (48,572 ) (57 )% (83,365 ) (51,980 ) 60 % Interest expense (3,618 ) (3,824 ) (5 )% (15,121 ) (16,472 ) (8 )% Interest income 488 657 (26 )% 2,286 2,458 (7 )% Dividend income 7 — * 9 10 (10 )% Realized gain (loss) on marketable securities 1 — * 7 (110 ) * Gain (loss) on debt extinguishment — — * (214 ) (91 ) 135 % Income (loss) before income taxes from continuing operations $ (23,783 ) $ (51,739 ) (54 )% $ (96,398 ) $ (66,185 ) 46 % Capital expenditures Media $ 1,113 $ 2,543 $ 6,597 $ 7,089 Advertising Technology & Services 96 74 183 372 Consolidated $ 1,209 $ 2,617 $ 6,780 $ 7,461 Entravision Communications Corporation Consolidated Statements of Operations (Unaudited) (In thousands, except share and per share data) Three-Month Period Twelve-Month Period Ended December 31, Ended December 31, 2025 2024 2025 2024 Net revenue $ 134,378 $ 106,962 $ 447,594 $ 364,948 Expenses: Cost of revenue 61,644 28,313 184,112 102,196 Direct operating expenses 42,341 37,088 156,802 136,262 Selling, general and administrative expenses 15,783 17,059 66,770 62,868 Corporate expenses 6,523 7,509 27,026 37,498 Depreciation and amortization 2,708 3,772 12,342 16,821 Change in fair value of contingent consideration — 1 — (629 ) Impairment charge 26,002 61,220 55,380 61,220 Loss on lease abandonment — — 25,191 — Restructuring costs (375 ) — 2,813 — Foreign currency (gain) loss 413 572 523 692 155,039 155,534 530,959 416,928 Operating income (loss) (20,661 ) (48,572 ) (83,365 ) (51,980 ) Interest expense (3,618 ) (3,824 ) (15,121 ) (16,472 ) Interest income 488 657 2,286 2,458 Dividend income 7 — 9 10 Realized gain (loss) on marketable securities 1 — 7 (110 ) Gain (loss) on debt extinguishment — — (214 ) (91 ) Income before income taxes (23,783 ) (51,739 ) (96,398 ) (66,185 ) Income tax (expense) benefit 6,319 (3,932 ) 18,000 (4,105 ) Net income (loss) from continuing operations (17,464 ) (55,671 ) (78,398 ) (70,290 ) Income (loss) from discontinued operations (741 ) (687 ) (769 ) (78,618 ) Net income (loss) attributable to common stockholders $ (18,205 ) $ (56,358 ) $ (79,167 ) $ (148,908 ) Basic and diluted earnings (loss) per share: Net income (loss) per share attributable to common stockholders, basic and diluted $ (0.20 ) $ (0.62 ) $ (0.87 ) $ (1.66 ) Cash dividends declared per common share, basic and diluted $ 0.05 $ 0.05 $ 0.20 $ 0.20 Weighted average common shares outstanding, basic and diluted 91,136,401 90,175,742 91,016,645 89,876,538 Entravision Communications Corporation Consolidated Balance Sheets (Unaudited) (In thousands) December 31, December 31, 2025 2024 ASSETS Current assets Cash and cash equivalents $ 59,439 $ 95,914 Marketable securities 3,762 4,694 Restricted Cash 797 786 Trade receivables, net of allowance for doubtful accounts 94,912 68,319 Assets held for sale 5,597 — Prepaid expenses and other current assets 18,974 16,587 Total current assets 183,481 186,300 Property and equipment, net 44,797 60,616 Intangible assets subject to amortization, net 2,593 4,417 Intangible assets not subject to amortization 123,275 177,276 Goodwill 7,352 7,352 Deferred income taxes 3,823 2,650 Operating leases right of use asset 18,807 40,762 Other assets 3,383 7,905 Total assets $ 387,511 $ 487,278 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Current maturities of long-term debt $ 20,000 $ - Accounts payable and accrued expenses 91,736 53,882 Operating lease liabilities 9,737 7,744 Total current liabilities 121,473 61,626 Long-term debt, less current maturities, net of unamortized debt issuance costs 147,119 186,958 Long-term operating lease liabilities 36,775 42,101 Other long-term liabilities 12,197 12,168 Deferred income taxes 14,505 38,405 Total liabilities 332,069 341,258 Stockholders' equity Class A common stock 8 8 Class U common stock 1 1 Additional paid-in capital 804,075 815,532 Accumulated deficit (747,887 ) (668,720 ) Accumulated other comprehensive income (loss) (755 ) (801 ) Total stockholders' equity 55,442 146,020 Total liabilities and equity $ 387,511 $ 487,278 Entravision Communications Corporation Consolidated Statements of Cash Flows (Unaudited) (In thousands) Three-Month Period Twelve-Month Period Ended December 31, Ended December 31, 2025 2024 2025 2024 Cash flows from operating activities: Net income (loss) $ (18,205 ) $ (56,358 ) $ (79,167 ) $ (148,908 ) Adjustments to reconcile net income (loss) to net cash provided by operating activities: Depreciation and amortization 2,708 3,772 12,342 20,779 Impairment charge 26,002 61,220 55,380 110,658 Loss on lease abandonment — — 25,191 — Deferred income taxes (12,779 ) (6,995 ) (25,079 ) (10,281 ) Non-cash interest 415 61 1,410 284 Amortization of syndication contracts 99 111 427 450 Payments on syndication contracts (100 ) (114 ) (390 ) (451 ) Non-cash stock-based compensation 2,878 1,426 10,980 13,848 (Gain) loss on marketable securities (1 ) — (7 ) 110 (Gain) loss on disposal of property and equipment 186 71 199 277 Loss (gain) on the sale of businesses — 48 — 45,187 (Gain) loss on debt extinguishment — — 214 91 Change in fair value of contingent consideration — — — (13,198 ) Net income (loss) attributable to redeemable noncontrolling interest - discontinued operations — — — (2,779 ) Changes in assets and liabilities, net of businesses acquired and disposed of: (Increase) decrease in trade receivables, net (5,644 ) (519 ) (26,197 ) 10,092 (Increase) decrease in prepaid expenses and other current assets, operating leases right of use asset and other assets 5,746 11,806 8,104 9,878 Increase (decrease) in accounts payable, accrued expenses and other liabilities 8,483 (1,746 ) 27,242 38,668 Net cash provided by (used in) operating activities 9,788 12,783 10,649 74,705 Cash flows from investing activities: Proceeds from sale of assets/business, net of cash divested — 2,486 — (40,481 ) Purchases of property and equipment (1,115 ) (2,174 ) (7,135 ) (8,463 ) Purchases of marketable securities (12 ) (2,303 ) (1,551 ) (2,303 ) Proceeds from sale of marketable securities 933 408 2,552 10,789 Proceeds from loan receivable — 2,888 — 13,636 Net cash provided by (used in) investing activities (194 ) 1,305 (6,134 ) (26,822 ) Cash flows from financing activities: Tax payments related to shares withheld for share-based compensation plans (2,318 ) (2,537 ) (2,318 ) (2,564 ) Payments on debt (5,000 ) — (20,000 ) (20,275 ) Dividends paid (4,552 ) (4,504 ) (18,199 ) (17,975 ) Distributions to noncontrolling interest — — — (1,078 ) Payment of contingent consideration — (1,350 ) — (15,650 ) Principal payments under finance lease obligation (38 ) (38 ) (137 ) (148 ) Payments for debt issuance costs — — (325 ) — Net cash provided by (used in) financing activities (11,908 ) (8,429 ) (40,979 ) (57,690 ) Effect of exchange rates on cash, cash equivalents and restricted cash — — — (2 ) Net increase (decrease) in cash, cash equivalents and restricted cash (2,314 ) 5,659 (36,464 ) (9,809 ) Cash, cash equivalents and restricted cash: Beginning 62,550 91,041 96,700 106,509 Ending $ 60,236 $ 96,700 $ 60,236 $ 96,700 Source: Entravision