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Jun 30, 2024

Entravision Q2 2024 Earnings Report

Announced second quarter 2024 results, declared a quarterly cash dividend of $0.05 per share, and discontinued the Entravision Global Partners business.

Key Takeaways

Entravision Communications Corporation reported a 12% increase in net revenue from continuing operations for the second quarter of 2024 compared to the same quarter in 2023. The company discontinued its Entravision Global Partners business during the quarter.

Net revenue from continuing operations increased by 12% compared to the same quarter in 2023.

Entravision Global Partners (EGP) business was sold and is reported as discontinued operations.

The Board of Directors approved a quarterly cash dividend of $0.05 per share.

Company remains focused on maximizing political revenue, providing highly-rated news and content, strengthening digital marketing solutions, and growing the Smadex platform.

Total Revenue
$82.7M
Previous year: $273M
-69.8%
EPS
$0.04
Previous year: -$0.02
-300.0%
Gross Profit
$22M
Previous year: $54.1M
-59.2%
Cash and Equivalents
$85.1M
Previous year: $99.6M
-14.5%
Free Cash Flow
$15.7M
Previous year: $1.56M
+907.8%
Total Assets
$570M
Previous year: $865M
-34.2%

Entravision

Entravision

Entravision Revenue by Segment

Forward Guidance

Entravision remains focused on maximizing political revenue, providing highly-rated news and content, strengthening digital marketing solutions, and growing the Smadex platform.

Revenue & Expenses

Visualization of income flow from segment revenue to net income