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Mar 31, 2022
Entravision Q1 2022 Earnings Report
Entravision's first quarter was marked by record revenue and growth in the digital segment.
Key Takeaways
Entravision Communications Corporation reported a strong start to 2022, with net revenue up 32% year-over-year, driven by a 51% increase in the digital segment. The company also saw improvements in adjusted EBITDA and free cash flow, while net income attributable to common stockholders decreased.
Net revenue increased by 32% year-over-year, reaching $197.2 million.
Digital segment revenue grew by 51% and comprised 78% of consolidated revenue.
Adjusted EBITDA rose by 28% compared to the prior-year period, totaling $18.1 million.
The company repurchased $7.1 million in shares under its $20 million share repurchase program.
Entravision
Entravision
Forward Guidance
Entravision is excited about the opportunities that lie ahead in emerging economies, including Latin America, Southeast Asia, Africa, and Pakistan, and looks forward to sharing progress throughout the year.
Positive Outlook
- Strategic expansion of commercial partnerships with leading technology platforms.
- Positioned at the forefront of digital innovation across emerging economies.
- Enormous opportunities in Latin America, Southeast Asia, Africa, and Pakistan.
- Investment in Jack of Digital enhances presence in South Asia.
- Maintained a lean, efficient cost structure.