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Mar 31, 2023
Entravision Q1 2023 Earnings Report
Entravision saw revenue increase driven by digital segment growth, but profitability metrics declined.
Key Takeaways
Entravision Communications Corporation reported a 21% increase in net revenue for the first quarter of 2023, driven primarily by growth in the digital segment. However, consolidated EBITDA and free cash flow decreased compared to the prior-year quarter.
Net revenue increased by 21% year-over-year.
Net income attributable to common stockholders increased by 8% year-over-year.
Digital segment led growth, offsetting declines in television and audio segments.
Company entered into a $275 million credit facility.
Entravision
Entravision
Forward Guidance
Entravision is focused on expense management and will seek opportunities, including acquisitions, that will enhance digital offerings and strengthen ability to compete internationally.