Entravision Reports First Quarter 2026 Results

Entravision Reports First Quarter 2026 Results May 5, 2026 Entravision Communications Corporation (NYSE: EVC), a media and advertising technology company, today announced financial results for its first quarter ended March 31, 2026. "Net revenue in our Media segment increased 4% in first quarter 2026 compared to first quarter 2025 due to an increase in digital advertising revenue and retransmission fees which were partially offset by lower broadcast advertising revenue and revenue from spectrum usage rights. Local advertising revenue increased 6% and national advertising revenue decreased 18%, excluding political revenue," said Michael Christenson, Chief Executive Officer. "Net revenue in our Advertising and Technology Services segment increased 204% in first quarter 2026 compared to first quarter 2025. The ATS segment had higher monthly active advertisers and higher revenue per monthly active advertiser. These results were driven by the investments in the AI capabilities of our platform and our expanded sales capacity." Mr. Christenson continued, “We repaid $5 million on our bank term loan in the first quarter of 2026, and 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 114% for first quarter 2026 compared to first quarter 2025.Media segment net revenue increased 4% for first quarter 2026 compared to first quarter 2025, primarily due to an increase in digital advertising revenue and an increase in retransmission consent revenue, partially offset by a decrease in broadcast advertising revenue and a decrease in spectrum usage rights revenue.ATS segment net revenue increased 204% for first quarter 2026 compared to first quarter 2025, primarily due to increases in monthly active advertisers and revenue per monthly active advertiser, which were driven by investments we made in the AI capabilities of our platform and increased sales capacity.Segment operating profit was $29.1 million for first quarter 2026, compared to operating profit of $3.9 million for first quarter 2025.Media segment operating loss was $5.2 million for first quarter 2026, compared to operating loss of $2.6 million for first quarter 2025.ATS segment operating profit was $34.3 million for first quarter 2026, compared to operating profit of $6.5 million for first quarter 2025.Corporate expenses decreased 8% for first quarter 2026 compared to first quarter 2025, primarily due to expense reductions in rent and professional services, partially offset by an increase in bonus expense and non-cash stock-based compensation.The company made a $5.0 million scheduled debt payment and paid a dividend of $4.6 million in first quarter 2026.The company had $71.1 million in cash and cash equivalents and marketable securities and $162.2 million of long-term debt and current maturities of long-term debt as of March 31, 2026.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 June 30, 2026 to shareholders of record as of the close of business on June 16, 2026. Notice of Conference Call Entravision will host a webinar to discuss its first quarter 2026 results on Tuesday, May 5, 2026 at 4:30 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 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. The term "Entravision" as used in this press release refers to Entravision Communications Corporation. 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 Period Ended March 31, % 2026 2025 Change Net revenue Media $ 42,421 $ 40,977 4 % Advertising Technology & Services 154,550 50,874 204 % Consolidated 196,971 91,851 114 % Cost of revenue Media 5,365 3,266 64 % Advertising Technology & Services 96,589 30,206 220 % Consolidated 101,954 33,472 205 % Direct operating expenses Media 28,136 26,550 6 % Advertising Technology & Services 16,663 8,952 86 % Consolidated 44,799 35,502 26 % Selling, general and administrative expenses Media 11,352 10,805 5 % Advertising Technology & Services 6,787 4,701 44 % Consolidated 18,139 15,506 17 % Depreciation and amortization Media 2,786 2,970 (6 )% Advertising Technology & Services 205 507 (60 )% Consolidated 2,991 3,477 (14 )% Segment operating profit (loss) Media (5,218 ) (2,614 ) 100 % Advertising Technology & Services 34,306 6,508 427 % Consolidated 29,088 3,894 647 % Corporate expenses 7,173 7,788 (8 )% Impairment charge - 23,673 (100 )% Loss on lease abandonment - 25,191 (100 )% Restructuring costs 983 - * Foreign currency (gain) loss 243 12 1,925 % Operating income (loss) 20,689 (52,770 ) * Interest expense $ (3,315 ) $ (3,663 ) (10 )% Interest income 358 605 (41 )% Dividend income 14 - * Realized gain (loss) on marketable securities 8 1 700 % Income (loss) before income taxes 17,754 (55,827 ) * Capital expenditures Media $ 2,899 $ 2,360 Advertising Technology & Services 998 24 Consolidated $ 3,897 $ 2,384 Entravision Communications Corporation Consolidated Statements of Operations (Unaudited) (In thousands, except share and per share data) Three-Month Period Ended March 31, 2026 2025 Net revenue $ 196,971 $ 91,851 Expenses: Cost of revenue 101,954 33,472 Direct operating expenses 44,799 35,502 Selling, general and administrative expenses 18,139 15,506 Corporate expenses 7,173 7,788 Depreciation and amortization 2,991 3,477 Impairment charge — 23,673 Loss on lease abandonment — 25,191 Restructuring costs 983 — Foreign currency (gain) loss 243 12 Total expenses 176,282 144,621 Operating income (loss) 20,689 (52,770 ) Interest expense (3,315 ) (3,663 ) Interest income 358 605 Dividend income 14 — Realized gain (loss) on marketable securities 8 1 Income (loss) before income taxes 17,754 (55,827 ) Income tax benefit (expense) (5,394 ) 8,052 Net income (loss) from continuing operations 12,360 (47,775 ) Net income (loss) from discontinued operations, net of tax — (191 ) Net income (loss) attributable to common stockholders $ 12,360 $ (47,966 ) Basic and diluted earnings per share: Net income (loss) per share from continuing operations, basic and diluted $ 0.13 $ (0.53 ) Net income (loss) per share from discontinued operations, basic and diluted $ - $ (0.00 ) Net income (loss) per share attributable to common stockholders, basic and diluted $ 0.13 $ (0.53 ) Cash dividends declared per common share, basic and diluted $ 0.05 $ 0.05 Weighted average common shares outstanding, basic 91,985,480 90,976,288 Weighted average common shares outstanding, diluted 96,420,181 90,976,288 Entravision Communications Corporation Consolidated Balance Sheets (Unaudited) (In thousands) March 31, December 31, 2026 2025 ASSETS Current assets Cash and cash equivalents $ 68,171 $ 59,439 Marketable securities 2,973 3,762 Restricted cash 799 797 Trade receivables, net of allowance for doubtful accounts 128,102 94,912 Prepaid expenses and other current assets 24,876 18,974 Assets held for sale 5,415 5,597 Total current assets 230,336 183,481 Property and equipment, net 46,256 44,797 Intangible assets subject to amortization, net 2,139 2,593 Intangible assets not subject to amortization 123,275 123,275 Goodwill 7,352 7,352 Deferred income taxes 3,824 3,823 Operating leases right of use asset 20,005 18,807 Other assets 3,205 3,383 Total assets $ 436,392 $ 387,511 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Current maturities of long-term debt $ 20,000 $ 20,000 Accounts payable and accrued expenses 133,526 91,736 Operating lease liabilities 10,512 9,737 Total current liabilities 164,038 121,473 Long-term debt, less current maturities, net of unamortized debt issuance costs 142,195 147,119 Long-term operating lease liabilities 37,404 36,775 Other long-term liabilities 13,048 12,197 Deferred income taxes 14,744 14,505 Total liabilities 371,429 332,069 Stockholders' equity Class A common stock 8 8 Class U common stock 1 1 Additional paid-in capital 801,268 804,075 Accumulated deficit (735,527 ) (747,887 ) Accumulated other comprehensive income (loss) (787 ) (755 ) Total stockholders' equity 64,963 55,442 Total liabilities and equity $ 436,392 $ 387,511 Entravision Communications Corporation Consolidated Statements of Cash Flows (Unaudited) (In thousands) Three-Month Period Ended March 31, 2026 2025 Cash flows from operating activities: Net income (loss) attributable to common stockholders $ 12,360 $ (47,966 ) Adjustments to reconcile net income (loss) to net cash provided by operating activities: Depreciation and amortization 2,991 3,477 Impairment charge — 23,673 Loss on lease abandonment — 25,191 Deferred income taxes 240 (1,467 ) Non-cash interest 423 176 Amortization of syndication contracts 99 110 Payments on syndication contracts (67 ) (109 ) Non-cash stock-based compensation 3,252 2,613 (Gain) loss on marketable securities (8 ) (1 ) (Gain) loss on disposal of property and equipment 87 4 Changes in assets and liabilities: (Increase) decrease in accounts receivable (32,682 ) (10,460 ) (Increase) decrease in prepaid expenses and other current assets, operating leases right of use asset and other assets (4,476 ) (9,529 ) Increase (decrease) in accounts payable, accrued expenses and other liabilities 39,565 (956 ) Net cash provided by (used in) operating activities 21,784 (15,244 ) Cash flows from investing activities: Purchases of property and equipment (3,637 ) (2,643 ) Purchases of marketable securities (2 ) (218 ) Proceeds from sale of marketable securities 760 386 Net cash provided by (used in) investing activities (2,879 ) (2,475 ) Cash flows from financing activities: Tax payments related to shares withheld for share-based compensation plans (538 ) — Payments on debt (5,000 ) — Dividends paid (4,602 ) (4,549 ) Principal payments under finance lease obligation (31 ) (33 ) Net cash provided by (used in) financing activities (10,171 ) (4,582 ) Net increase (decrease) in cash, cash equivalents and restricted cash 8,734 (22,301 ) Cash, cash equivalents and restricted cash: Beginning 60,236 96,700 Ending $ 68,970 $ 74,399 Source: Entravision