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Mar 31, 2021
Entravision Q1 2021 Earnings Report
Reported a strong first quarter with significant revenue growth and improved profitability.
Key Takeaways
Entravision Communications Corporation reported a significant increase in net revenue, driven by the acquisition of Cisneros Interactive and strong performance in the digital segment. Net income attributable to common stockholders increased to $5.4 million, compared to a loss of $35.6 million in the prior year. The company remains optimistic for continued progress throughout the year.
Net revenue increased by 132% compared to the same period last year.
Net income attributable to common stockholders was $5.4 million, a significant improvement from the prior year's loss of $35.6 million.
Consolidated Adjusted EBITDA increased by 47% over the same prior-year period.
Free cash flow increased by 149% compared to the same period last year.
Entravision
Entravision
Forward Guidance
The company is optimistic for gradual, but continued progress throughout the balance of the year as macroeconomic conditions progress.