BURBANK, Calif.–(BUSINESS WIRE)–
Entravision Communications Corporation (NYSE: EVC), a media and advertising technology company, today announced financial results for its third quarter ended September 30, 2026.
Consolidated revenue increased 88% to $226.3 million for third quarter 2026 compared to $120.6 million for third quarter 2025, and increased 108% to $651.2 million for nine-month period ended September 30, 2026 compared to $313.2 million for same period in 2025.
ATS segment net revenue increased 133% to $177.2 million for third quarter 2026 compared to $76.1 million for third quarter 2025, and increased 182% to $514.6 million for nine-month period ended September 30, 2026 compared to $182.3 million for same period in 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.
Media segment net revenue increased 10% to $49.1 million for third quarter 2026 compared to $44.5 million for third quarter 2025, primarily due to a an increase in broadcast advertising revenue, primarily political advertising revenue, and an increase in retransmission fees, partially offset by a decrease in revenue from spectrum usage rights. Media segment net revenue increased 4% to $136.6 million for nine-month period ended September 30, 2026 compared to $130.9 million for same period in 2025 primarily due to an increase in broadcast advertising revenue, primarily political advertising revenue, an increase in digital advertising revenue and an increase in retransmission consent revenue, partially offset by a decrease in spectrum usage rights revenue.
Segment operating profit increased 465% to $35.2 million for third quarter 2026 compared to $6.2 million for third quarter 2025, and increased 545% to $101.1 million for nine-month period ended September 30, 2026 compared to $15.7 million for same period in 2025.
ATS segment operating profit increased 261% to $35.2 million for third quarter 2026, compared to $9.8 million for third quarter 2025. ATS segment operating profit increased 411% to $109.5 million for nine-month period ended September 30, 2026, compared to $21.4 million for nine-month period ended September 30, 2025.
Media segment operating profit was $0.1 million for third quarter 2026, compared to operating loss of $3.5 million for third quarter 2025. Media segment operating loss was $8.4 million for nine-month period ended September 30, 2026, compared to operating loss of $5.8 million for nine-month period ended September 30, 2025.
Corporate expenses increased 7% for third quarter 2026 compared to third quarter 2025, primarily due an increase in stock-based compensation. Corporate expenses remained constant for nine-month period ended September 30, 2026 compared to same period in 2025.
The company made a $5.0 million scheduled debt payment and paid a dividend of $4.6 million in third quarter 2026.
The company had $89.7 million in cash and cash equivalents and marketable securities and $152.3 million of long-term debt and current maturities of long-term debt as of September 30, 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 December 31, 2026 to shareholders of record as of the close of business on December 17, 2026.
Notice of Conference Call
Entravision will host a webinar to discuss its third quarter 2026 results on Thursday, November 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
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 |
Nine-Month Period |
|||||||||||||||||||||||
|
Ended September 30, |
% |
Ended September 30, |
% |
|||||||||||||||||||||
|
2026 |
2025 |
Change |
2026 |
2025 |
Change |
|||||||||||||||||||
|
Net revenue |
||||||||||||||||||||||||
|
Media |
$ |
49,081 |
$ |
44,505 |
10 |
% |
$ |
136,582 |
$ |
130,895 |
4 |
% |
||||||||||||
|
ATS |
177,229 |
76,125 |
133 |
% |
514,600 |
182,321 |
182 |
% |
||||||||||||||||
|
Consolidated |
226,310 |
120,630 |
88 |
% |
651,182 |
313,216 |
108 |
% |
||||||||||||||||
|
Cost of revenue |
||||||||||||||||||||||||
|
Media |
5,087 |
5,015 |
1 |
% |
16,516 |
12,932 |
28 |
% |
||||||||||||||||
|
ATS |
107,460 |
45,971 |
134 |
% |
315,919 |
109,536 |
188 |
% |
||||||||||||||||
|
Consolidated |
112,547 |
50,986 |
121 |
% |
332,435 |
122,468 |
171 |
% |
||||||||||||||||
|
Direct operating expenses |
||||||||||||||||||||||||
|
Media |
29,788 |
28,596 |
4 |
% |
86,677 |
81,941 |
6 |
% |
||||||||||||||||
|
ATS |
24,907 |
12,651 |
97 |
% |
63,438 |
32,520 |
95 |
% |
||||||||||||||||
|
Consolidated |
54,695 |
41,247 |
33 |
% |
150,115 |
114,461 |
31 |
% |
||||||||||||||||
|
Selling, general and administrative expenses |
||||||||||||||||||||||||
|
Media |
11,449 |
11,598 |
(1 |
)% |
33,463 |
33,409 |
0 |
% |
||||||||||||||||
|
ATS |
9,535 |
7,430 |
28 |
% |
24,673 |
17,578 |
40 |
% |
||||||||||||||||
|
Consolidated |
20,984 |
19,028 |
10 |
% |
58,136 |
50,987 |
14 |
% |
||||||||||||||||
|
Depreciation and amortization |
||||||||||||||||||||||||
|
Media |
2,687 |
2,808 |
(4 |
)% |
8,354 |
8,385 |
(0 |
)% |
||||||||||||||||
|
ATS |
172 |
322 |
(47 |
)% |
1,080 |
1,249 |
(14 |
)% |
||||||||||||||||
|
Consolidated |
2,859 |
3,130 |
(9 |
)% |
9,434 |
9,634 |
(2 |
)% |
||||||||||||||||
|
Segment operating profit (loss) |
||||||||||||||||||||||||
|
Media |
70 |
(3,512 |
) |
* |
(8,428 |
) |
(5,772 |
) |
46 |
% |
||||||||||||||
|
ATS |
35,155 |
9,751 |
261 |
% |
109,490 |
21,438 |
411 |
% |
||||||||||||||||
|
Consolidated |
35,225 |
6,239 |
465 |
% |
101,062 |
15,666 |
545 |
% |
||||||||||||||||
|
Corporate expenses |
6,770 |
6,340 |
7 |
% |
20,540 |
20,503 |
0 |
% |
||||||||||||||||
|
Impairment charge |
– |
5,705 |
(100 |
)% |
– |
29,378 |
(100 |
)% |
||||||||||||||||
|
Loss on lease abandonment |
– |
– |
– |
– |
25,191 |
(100 |
)% |
|||||||||||||||||
|
Restructuring costs |
382 |
3,188 |
(88 |
)% |
1,365 |
3,188 |
(57 |
)% |
||||||||||||||||
|
Foreign currency (gain) loss |
(216 |
) |
92 |
* |
328 |
110 |
198 |
% |
||||||||||||||||
|
Other operating (gain) loss |
– |
– |
* |
(116 |
) |
– |
* |
|||||||||||||||||
|
Operating income (loss) |
28,289 |
(9,086 |
) |
* |
78,945 |
(62,704 |
) |
* |
||||||||||||||||
|
Interest expense |
$ |
(3,055 |
) |
$ |
(3,803 |
) |
(20 |
)% |
$ |
(9,516 |
) |
$ |
(11,503 |
) |
(17 |
)% |
||||||||
|
Interest income |
662 |
574 |
15 |
% |
1,626 |
1,798 |
(10 |
)% |
||||||||||||||||
|
Dividend income |
7 |
1 |
600 |
% |
36 |
2 |
1,700 |
% |
||||||||||||||||
|
Realized gain (loss) on marketable securities |
4 |
2 |
100 |
% |
15 |
6 |
150 |
% |
||||||||||||||||
|
Gain (loss) on debt extinguishment |
– |
(176 |
) |
(100 |
)% |
– |
(214 |
) |
(100 |
)% |
||||||||||||||
|
Income (loss) before income taxes |
25,907 |
(12,488 |
) |
* |
71,106 |
(72,615 |
) |
* |
||||||||||||||||
|
Capital expenditures |
||||||||||||||||||||||||
|
Media |
$ |
2,306 |
$ |
1,154 |
$ |
7,977 |
$ |
5,484 |
||||||||||||||||
|
Advertising Technology & Services |
322 |
33 |
1,718 |
87 |
||||||||||||||||||||
|
Consolidated |
$ |
2,628 |
$ |
1,187 |
$ |
9,695 |
$ |
5,571 |
||||||||||||||||
|
Entravision Communications Corporation Consolidated Statements of Operations (Unaudited) (In thousands, except share and per share data) |
||||||||||||||||
|
Three-Month Period |
Nine-Month Period |
|||||||||||||||
|
Ended September 30, |
Ended September 30, |
|||||||||||||||
|
2026 |
2025 |
2026 |
2025 |
|||||||||||||
|
Net revenue |
$ |
226,310 |
$ |
120,630 |
$ |
651,182 |
$ |
313,216 |
||||||||
|
Expenses: |
||||||||||||||||
|
Cost of revenue |
112,547 |
50,986 |
332,435 |
122,468 |
||||||||||||
|
Direct operating expenses |
54,695 |
41,247 |
150,115 |
114,461 |
||||||||||||
|
Selling, general and administrative expenses |
20,984 |
19,028 |
58,136 |
50,987 |
||||||||||||
|
Corporate expenses |
6,770 |
6,340 |
20,540 |
20,503 |
||||||||||||
|
Depreciation and amortization |
2,859 |
3,130 |
9,434 |
9,634 |
||||||||||||
|
Impairment charge |
— |
5,705 |
— |
29,378 |
||||||||||||
|
Loss on lease abandonment |
— |
— |
— |
25,191 |
||||||||||||
|
Restructuring costs |
382 |
3,188 |
1,365 |
3,188 |
||||||||||||
|
Foreign currency (gain) loss |
(216 |
) |
92 |
328 |
110 |
|||||||||||
|
Other operating (gain) loss |
— |
— |
(116 |
) |
— |
|||||||||||
|
Total expenses |
198,021 |
129,716 |
572,237 |
375,920 |
||||||||||||
|
Operating income (loss) |
28,289 |
(9,086 |
) |
78,945 |
(62,704 |
) |
||||||||||
|
Interest expense |
(3,055 |
) |
(3,803 |
) |
(9,516 |
) |
(11,503 |
) |
||||||||
|
Interest income |
662 |
574 |
1,626 |
1,798 |
||||||||||||
|
Dividend income |
7 |
1 |
36 |
2 |
||||||||||||
|
Realized gain (loss) on marketable securities |
4 |
2 |
15 |
6 |
||||||||||||
|
Gain (loss) on debt extinguishment |
— |
(176 |
) |
— |
(214 |
) |
||||||||||
|
Income (loss) before income taxes |
25,907 |
(12,488 |
) |
71,106 |
(72,615 |
) |
||||||||||
|
Income tax benefit (expense) |
(6,880 |
) |
2,829 |
(20,033 |
) |
11,681 |
||||||||||
|
Net income (loss) from continuing operations |
19,027 |
(9,659 |
) |
51,073 |
(60,934 |
) |
||||||||||
|
Net income (loss) from discontinued operations, net of tax |
— |
— |
— |
(28 |
) |
|||||||||||
|
Net income (loss) attributable to common stockholders |
$ |
19,027 |
$ |
(9,659 |
) |
$ |
51,073 |
$ |
(60,962 |
) |
||||||
|
Basic and diluted earnings per share: |
||||||||||||||||
|
Net income (loss) per share from continuing operations, basic |
$ |
0.21 |
$ |
(0.11 |
) |
$ |
0.55 |
$ |
(0.67 |
) |
||||||
|
Net income (loss) per share from continuing operations, diluted |
$ |
0.18 |
$ |
(0.11 |
) |
$ |
0.50 |
$ |
(0.67 |
) |
||||||
|
Net income (loss) per share from discontinued operations, basic and diluted |
$ |
— |
$ |
— |
$ |
— |
$ |
(0.00 |
) |
|||||||
|
Net income (loss) per share attributable to common stockholders, basic |
$ |
0.21 |
$ |
(0.11 |
) |
$ |
0.55 |
$ |
(0.67 |
) |
||||||
|
Net income (loss) per share attributable to common stockholders, diluted |
$ |
0.18 |
$ |
(0.11 |
) |
$ |
0.50 |
$ |
(0.67 |
) |
||||||
|
Cash dividends declared per common share, basic and diluted |
$ |
0.05 |
$ |
0.05 |
$ |
0.15 |
$ |
0.15 |
||||||||
|
Weighted average common shares outstanding, basic |
92,282,565 |
90,976,288 |
92,128,293 |
90,976,288 |
||||||||||||
|
Weighted average common shares outstanding, diluted |
104,453,045 |
90,976,288 |
101,244,698 |
90,976,288 |
||||||||||||
|
Entravision Communications Corporation Consolidated Balance Sheets (Unaudited) (In thousands) |
||||||||
|
September 30, |
December 31, |
|||||||
|
2026 |
2025 |
|||||||
|
ASSETS |
||||||||
|
Current assets |
||||||||
|
Cash and cash equivalents |
$ |
87,349 |
$ |
59,439 |
||||
|
Marketable securities |
2,355 |
3,762 |
||||||
|
Restricted cash |
802 |
797 |
||||||
|
Trade receivables, net of allowance for doubtful accounts |
152,351 |
94,912 |
||||||
|
Prepaid expenses and other current assets |
28,698 |
18,974 |
||||||
|
Assets held for sale |
635 |
5,597 |
||||||
|
Total current assets |
272,190 |
183,481 |
||||||
|
Property and equipment, net |
46,252 |
44,797 |
||||||
|
Intangible assets subject to amortization, net |
1,469 |
2,593 |
||||||
|
Intangible assets not subject to amortization |
123,275 |
123,275 |
||||||
|
Goodwill |
7,352 |
7,352 |
||||||
|
Deferred income taxes |
3,095 |
3,823 |
||||||
|
Operating leases right of use asset |
19,454 |
18,807 |
||||||
|
Other assets |
4,213 |
3,383 |
||||||
|
Total assets |
$ |
477,300 |
$ |
387,511 |
||||
|
LIABILITIES AND STOCKHOLDERS’ EQUITY |
||||||||
|
Current liabilities |
||||||||
|
Current maturities of long-term debt |
$ |
20,000 |
$ |
20,000 |
||||
|
Accounts payable and accrued expenses |
147,707 |
91,736 |
||||||
|
Operating lease liabilities |
11,579 |
9,737 |
||||||
|
Total current liabilities |
179,286 |
121,473 |
||||||
|
Long-term debt, less current maturities, net of unamortized debt issuance costs |
132,344 |
147,119 |
||||||
|
Long-term operating lease liabilities |
36,462 |
36,775 |
||||||
|
Other long-term liabilities |
14,312 |
12,197 |
||||||
|
Deferred income taxes |
13,144 |
14,505 |
||||||
|
Total liabilities |
375,548 |
332,069 |
||||||
|
Stockholders’ equity |
||||||||
|
Class A common stock |
8 |
8 |
||||||
|
Class U common stock |
1 |
1 |
||||||
|
Additional paid-in capital |
799,357 |
804,075 |
||||||
|
Accumulated deficit |
(696,814 |
) |
(747,887 |
) |
||||
|
Accumulated other comprehensive income (loss) |
(800 |
) |
(755 |
) |
||||
|
Total stockholders’ equity |
101,752 |
55,442 |
||||||
|
Total liabilities and equity |
$ |
477,300 |
$ |
387,511 |
||||
|
Entravision Communications Corporation Consolidated Statements of Cash Flows (Unaudited) (In thousands) |
||||||||||||||||
|
Three-Month Period |
Nine-Month Period |
|||||||||||||||
|
Ended September 30, |
Ended September 30, |
|||||||||||||||
|
2026 |
2025 |
2026 |
2025 |
|||||||||||||
|
Cash flows from operating activities: |
||||||||||||||||
|
Net income (loss) attributable to common stockholders |
$ |
19,027 |
$ |
(9,659 |
) |
$ |
51,073 |
$ |
(60,962 |
) |
||||||
|
Adjustments to reconcile net income (loss) to net cash provided by operating activities: |
||||||||||||||||
|
Depreciation and amortization |
2,859 |
3,130 |
9,434 |
9,634 |
||||||||||||
|
Impairment charge |
— |
5,705 |
— |
29,378 |
||||||||||||
|
Loss on lease abandonment |
— |
— |
— |
25,191 |
||||||||||||
|
Deferred income taxes |
(517 |
) |
(5,421 |
) |
(906 |
) |
(12,300 |
) |
||||||||
|
Non-cash interest |
430 |
415 |
1,249 |
995 |
||||||||||||
|
Amortization of syndication contracts |
100 |
107 |
298 |
328 |
||||||||||||
|
Payments on syndication contracts |
(48 |
) |
(70 |
) |
(186 |
) |
(290 |
) |
||||||||
|
Non-cash stock-based compensation |
4,799 |
2,804 |
12,374 |
8,102 |
||||||||||||
|
(Gain) loss on marketable securities |
(4 |
) |
(2 |
) |
(15 |
) |
(6 |
) |
||||||||
|
(Gain) loss on disposal of property and equipment |
— |
7 |
(26 |
) |
13 |
|||||||||||
|
(Gain) loss on debt extinguishment |
— |
176 |
— |
214 |
||||||||||||
|
Changes in assets and liabilities: |
||||||||||||||||
|
(Increase) decrease in accounts receivable |
(16,948 |
) |
(10,572 |
) |
(54,361 |
) |
(20,553 |
) |
||||||||
|
(Increase) decrease in prepaid expenses and other current assets, operating leases right of use asset and other assets |
(3,051 |
) |
3,706 |
(4,207 |
) |
2,358 |
||||||||||
|
Increase (decrease) in accounts payable, accrued expenses and other liabilities |
9,490 |
17,951 |
46,964 |
18,759 |
||||||||||||
|
Net cash provided by (used in) operating activities |
16,137 |
8,277 |
61,691 |
861 |
||||||||||||
|
Cash flows from investing activities: |
||||||||||||||||
|
Proceeds from sale of assets |
3,000 |
— |
4,892 |
— |
||||||||||||
|
Purchases of property and equipment |
(2,868 |
) |
(1,216 |
) |
(9,826 |
) |
(6,020 |
) |
||||||||
|
Purchases of marketable securities |
— |
(574 |
) |
— |
(1,539 |
) |
||||||||||
|
Proceeds from sale of marketable securities |
207 |
672 |
1,374 |
1,619 |
||||||||||||
|
Net cash provided by (used in) investing activities |
339 |
(1,118 |
) |
(3,560 |
) |
(5,940 |
) |
|||||||||
|
Cash flows from financing activities: |
||||||||||||||||
|
Tax payments related to shares withheld for share-based compensation plans |
(282 |
) |
— |
(1,307 |
) |
— |
||||||||||
|
Payments on debt |
(5,000 |
) |
(5,000 |
) |
(15,000 |
) |
(15,000 |
) |
||||||||
|
Dividends paid |
(4,614 |
) |
(4,549 |
) |
(13,827 |
) |
(13,647 |
) |
||||||||
|
Principal payments under finance lease obligation |
(23 |
) |
(34 |
) |
(82 |
) |
(99 |
) |
||||||||
|
Payments for debt issuance costs |
— |
(325 |
) |
— |
(325 |
) |
||||||||||
|
Net cash provided by (used in) financing activities |
(9,919 |
) |
(9,908 |
) |
(30,216 |
) |
(29,071 |
) |
||||||||
|
Net increase (decrease) in cash, cash equivalents and restricted cash |
6,557 |
(2,749 |
) |
27,915 |
(34,150 |
) |
||||||||||
|
Cash, cash equivalents and restricted cash: |
||||||||||||||||
|
Beginning |
68,970 |
65,299 |
60,236 |
96,700 |
||||||||||||
|
Ending |
$ |
75,527 |
$ |
62,550 |
$ |
88,151 |
$ |
62,550 |
||||||||
Source: Entravision