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Jun 30, 2022
Entravision Q2 2022 Earnings Report
Reported record second quarter revenue with digital segment growth and strong political ad spend.
Key Takeaways
Entravision Communications Corporation reported a 24% increase in net revenue compared to the prior-year quarter, reaching $221.7 million. The growth was primarily driven by the digital segment, which saw a 34% increase in revenue. Net income attributable to common stockholders increased by 8% compared to the prior-year quarter.
Net revenue increased by 24% year-over-year.
Digital segment revenue improved by 34% year-over-year.
Political ad spend was very strong during the second quarter.
The company repurchased $4.1 million in shares during the second quarter.
Entravision
Entravision
Forward Guidance
Entravision is well positioned for continued growth due to their strong balance sheet and global team.